Examlex

Solved

REFERENCE: Ref.05_05 Gargiulo Company,a 90% Owned Subsidiary of Posito Corporation,sells Inventory to Inventory

question 53

Multiple Choice

REFERENCE: Ref.05_05
Gargiulo Company,a 90% owned subsidiary of Posito Corporation,sells inventory to Posito at a 25% profit on selling price.The following data are available pertaining to intercompany purchases.Gargiulo was acquired on January 1,2009.
REFERENCE: Ref.05_05 Gargiulo Company,a 90% owned subsidiary of Posito Corporation,sells inventory to Posito at a 25% profit on selling price.The following data are available pertaining to intercompany purchases.Gargiulo was acquired on January 1,2009.    Assume the equity method is used.The following data are available pertaining to Gargiulo's income and dividends.    -Compute the income from Gargiulo reported on Posito's books for 2011. A) $84,600. B) $84,375. C) $83,925. D) $84,825. E) $84,850. Assume the equity method is used.The following data are available pertaining to Gargiulo's income and dividends.
REFERENCE: Ref.05_05 Gargiulo Company,a 90% owned subsidiary of Posito Corporation,sells inventory to Posito at a 25% profit on selling price.The following data are available pertaining to intercompany purchases.Gargiulo was acquired on January 1,2009.    Assume the equity method is used.The following data are available pertaining to Gargiulo's income and dividends.    -Compute the income from Gargiulo reported on Posito's books for 2011. A) $84,600. B) $84,375. C) $83,925. D) $84,825. E) $84,850.
-Compute the income from Gargiulo reported on Posito's books for 2011.


Definitions:

Evidence-based Practice

A decision-making approach that integrates clinical expertise with the best available research evidence and patient preferences.

Clinical Expertise

Specialized knowledge and skills in a healthcare field, gained through education and experience, that contribute to effective patient care.

Rules and Regulations

Guidelines and directives set by authoritative bodies to govern behavior and ensure orderly conduct within a specific domain.

Systematic Theory

A structured set of concepts and principles intended to explain phenomena and guide the development of practices, often relying on methodical and coordinated approaches to study and interpretation.

Related Questions