Williard Corporation Regularly Sells Inventory Items to Its Subsidiary, Petty

question 13

Multiple Choice

Williard Corporation regularly sells inventory items to its subsidiary, Petty, Inc.If unrealized profits in Petty's 2016 year-end inventory exceed the unrealized profits in its 2017 year-end inventory, 2017 combined

• A)​cost of sales will be less than consolidated cost of sales in 2017.
• B)​gross profit will be greater than consolidated gross profit in 2017.
• C)​sales will be less than consolidated sales in 2017.
• D)​cost of sales will be greater than consolidated cost of sales in 2017.

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Definitions:

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Charismatic Leadership

A leadership style characterized by an individual's ability to inspire and motivate others through their personal charm and persuasive vision.

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