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The Following Information Pertains to Questions

question 47

Multiple Choice

The following information pertains to questions
X Inc.owns 80% of Y Inc.During 2009,X Inc sold inventory to Y for $10,000.Half of this inventory remained in Y's warehouse at year end.Half of this inventory remained in Y's warehouse at year end.Also during 2009,Y Inc sold Inventory to X Inc.for $5,000.40% of this inventory remained in X's warehouse at year end.Both companies are subject to a tax rate of 50%.The gross profit percentage on sales is 20% for both companies.Unless otherwise stated,assume X Inc.uses the cost method to account for its Investment in Y.Inc.
-What effect (if any) would Y's unrealized profits on its sales to X have on the non-controlling interest?

Apply theoretical models to analyze and solve interpersonal and organizational conflict.

Understand how personal communication skills are developed, and the role of parents and kin in this process.

Understand the relationship between memory reconstruction and eyewitness testimony adequacy.

Grasp the concept and implications of state-dependent learning.

Definitions:

Concordance Rates

The likelihood of two individuals sharing a particular trait or disorder, often used to study the influence of genetics versus environment in twins.

Schizophrenia

A grave mental abnormality characterized by modifications in thought, perception, mood, language, self-recognition, and behavior patterns.

Fraternal Twins

Twins that develop from two different eggs fertilized by two different sperm cells, resulting in siblings that are genetically similar but not identical.

Identical Twins

Twins who develop from a single fertilized egg that splits into two, sharing all of their genes and resembling each other closely.