On June 1,2011,Puell Company Acquired 100% of the Stock of Sorrell

question 5

Multiple Choice

On June 1,2011,Puell Company acquired 100% of the stock of Sorrell Inc.On this date,Puell had Retained Earnings of $100,000 and Sorrell had Retained Earnings of $50,000.On December 31,2011,Puell had Retained Earnings of $120,000 and Sorrell had Retained Earnings of $60,000.The amount of Retained Earnings that appeared in the December 31,2011 consolidated balance sheet was

• A)$120,000.
• B)$130,000.
• C)$170,000.
• D)$180,000.

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Definitions:

Total Logistics Cycle

The comprehensive process that includes planning, implementing, and controlling the efficient flow and storage of goods, services, and related information from point of origin to point of consumption.

Replenishment Time

The duration required to restock or refill inventory to its desired level after it has been depleted.

Efficient Consumer Response

A strategy aiming to optimize the supply chain's efficiency to meet consumers' needs more effectively and at lower cost.

Inventory Management

Inventory management involves overseeing and controlling the ordering, storage, and use of goods and materials that a company sells in its operations.