Yukon CoAcquired 75% Percent of the Voting Common Stock of Ontario

question 92

Multiple Choice

Yukon Co.acquired 75% percent of the voting common stock of Ontario Corp.on January 1,2009.During the year,Yukon made sales of inventory to Ontario.The inventory cost Yukon $260,000 and was sold to Ontario for $390,000.Ontario still had $60,000 of the goods in its inventory at the end of the year.The amount of unrealized intercompany profit that should be eliminated in the consolidation process at the end of 2009 is

• A)$15,000.
• B)$20,000.
• C)$32,500.
• D)$30,000.
• E)$110,000.

Understand the dynamic influence of early childhood experiences on later adult attachments and relationship selections.

Understand the economic and managerial implications of outsourcing.

Identify factors leading to trade deficits and their consequences.

Comprehend the concepts of absolute and comparative advantages.

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Definitions:

Microbusiness

A small business typically defined by having fewer than 10 employees and operating on a very small scale.

Diversity

The inclusion and representation of different groups of people, such as races, cultures, ages, and genders, within a community or organization.

Economies Of Scale

Refers to the cost advantage that arises with increased output of a product, where the per-unit cost decreases as the production scale becomes larger.

Profit Margin

A financial ratio expressing the percentage of revenue that remains as profit after all expenses are deducted from sales, indicating the financial health and efficiency of a business.