Gargiulo Company, a 90% Owned Subsidiary of Posito Corporation, Sells

question 41

Multiple Choice

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 intra-entity purchases. Gargiulo was acquired on January 1, 2010. Assume the equity method is used. The following data are available pertaining to Gargiulo's income and dividends. For consolidation purposes, what amount would be debited to January 1 retained earnings for the 2011 consolidation worksheet entry with regard to the unrealized gross profit of the 2010 intra-entity transfer of merchandise?

• A) $240.
• B) $300.
• C) $2,000.
• D) $1,600.
• E) $270.

Understand the principles and applications of different experimental designs in psychology, including single-blind and double-blind studies.

Recognize the evolution of psychology as a discipline and accurately define its current scope as the science of behavior and mental processes.

Identify and understand ethical guidelines suggested by the American Psychological Association for conducting research with both human participants and animals.

Comprehend the historical development of psychology, including the contributions of key figures like Wilhelm Wundt and Sigmund Freud.

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