Roslynn Ltd

question 28

Multiple Choice

Roslynn Ltd. is a subsidiary of Goodale Co. Roslynn sold a machine to Goodale for a $50,000 gain. Goodale has now sold the machine to an unrelated party for a $20,000 gain. At the time of the sale, $35,000 of the profit on the sale from Roslynn was still unrealized. For consolidation purposes, what is the amount of gain that must be recognized on the sale of the machine?

• A)$15,000
• B)$20,000
• C)$30,000
• D)$55,000

Realize the importance and role of Hox genes in the development of bilaterally symmetrical animals.

Acknowledge the evolutionary relationship between animals and their common ancestors.

Understand the impact of biological differences between genders on the effects of alcohol.

Describe the long-term physical effects of various substances, including alcohol.

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Definitions:

Capital Project

A long-term, capital-intensive investment project with a purpose to build upon, add to, or improve a capital asset.

Gross Profit Method

An inventory estimation technique that calculates cost of goods sold and ending inventory based on the gross profit margin.

Capital Budgeting

The process of planning and evaluating investments in long-term assets.

Payback Method

A capital budgeting technique that calculates the time needed to recoup the investment cost through net cash flows.