In the Consolidation Worksheet for 2018, Which of the Following

question 69

Multiple Choice

In the consolidation worksheet for 2018, which of the following accounts would be credited to eliminate unrecognized intra-entity gross profit with regard to the 2017 intra-entity transfers?

• A) Retained earnings.
• B) Cost of goods sold.
• C) Inventory.
• D) Investment in Fisher Company.
• E) Sales.

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Definitions:

Ecotechnologies

Innovative applications that utilize ecological principles and practices to solve environmental problems and improve the health of the planet.

Environmental Degradation

The deterioration of the environment through depletion of resources such as air, water, and soil; the destruction of ecosystems and the extinction of wildlife.

Environmental Actions

Initiatives or measures taken to protect the natural environment and to mitigate the impacts of human activities.

Mental Traps

Psychological patterns or biases that lead individuals to interpret or act in ways that are irrational or not in their best interest.