For Consolidation Purposes, What Amount Would Be Debited to Cost

question 56

Multiple Choice

For consolidation purposes, what amount would be debited to cost of goods sold for the 2018 consolidation worksheet with regard to the unrecognized intra-entity gross profit remaining in ending inventory with respect to the 2018 transfer of merchandise?

• A) $1,000.
• B) $ 800.
• C) $3,000.
• D) $2,400.
• E) $ 900.

Apply principles of generalization and discrimination to predict and explain learning outcomes.

Evaluate the practical applications of reinforcement schedules in work, study, and daily activities.

Understand the fundamental concepts of operant conditioning.

Define and differentiate between fixed-ratio, fixed-interval, variable-ratio, and variable-interval schedules of reinforcement.

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Definitions:

Control

in the context of management and business, refers to the process of regulating activities and verifying that everything is proceeding according to plan, to ensure the achievement of goals.

Disposable Income

Earnings left after subtracting taxes and social security contributions, which can be either saved or spent according to one's preferences.

Savings

The portion of income that is not spent on consumption or taxes, and is therefore available for investing or setting aside for future use.

Disposable Income

The net income available to an individual or household after all taxes have been deducted, available for spending or saving.