For Consolidation Purposes, What Amount Would Be Debited to Cost

question 90

Multiple Choice

For consolidation purposes, what amount would be debited to cost of goods sold for the 2010 consolidation worksheet with regard to unrealized gross profit of the intra-entity transfer of merchandise?

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

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Definitions:

Equation

A declaration in mathematics that claims two expressions, often comprising variables and constants, are equal.

Logarithm

The degree to which a base, typically 10 or e, must be raised to yield a certain number.

Properties

The characteristics, attributes or qualities that an object, substance, or mathematical entity possesses.

Logarithms

The exponents to which a fixed base must be raised to produce a given number.