Parent Corporation Owns 90 Percent of Subsidiary 1 Company's Stock

question 35

Multiple Choice

Parent Corporation owns 90 percent of Subsidiary 1 Company's stock and 75 percent of Subsidiary 2 Company's stock.During 20X8,Parent sold inventory purchased in 20X7 for $48,000 to Subsidiary 1 for $60,000.Subsidiary 1 then sold the inventory at its cost of $60,000 to Subsidiary 2.Prior to December 31,20X8,Subsidiary 2 sold $45,000 of inventory to a nonaffiliate for $67,000 and held $15,000 in inventory at December 31,20X8.
-Based on the information given above,what amount should be reported in the 20X8 consolidated income statement as cost of goods sold?

• A)$36,000
• B)$12,000
• C)$48,000
• D)$45,000

Describe Freud's theory of dreams, including the concepts of manifest and latent content.

Understand the impact of external stimuli and neurological activity on dreams.

Identify the role of psychoactive drugs in altering perceptions and mood.

Understand the biological necessity and functions of REM sleep.