Pepper Corporation Owns 75 Percent of Salt Company's Voting Shares

question 60

Multiple Choice

Pepper Corporation owns 75 percent of Salt Company's voting shares.During 20X8,Pepper produced 50,000 chairs at a cost of $79 each and sold 35,000 chairs to Salt for $90 each.Salt sold 18,000 of the chairs to unaffiliated companies for $117 each prior to December 31,20X8,and sold the remainder in early 20X9 to unaffiliated companies for $130 each.Both companies use perpetual inventory systems.
-Based on the information given above,what amount of cost of goods sold must be eliminated from the consolidated income statement for 20X8?

• A)$2,765,000
• B)$1,620,000
• C)$1,422,000
• D)$2,963,000

Realize the historical context of corporate takeovers and the evolution of shareholder activism.

Understand different forms and sources of power in advocacy and social work.

Gain knowledge on the various advocacy roles and techniques.

Recognize the importance and impact of advocacy in social work history in the United States.

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Intellectual Capability

The capacity of an individual to think, understand, reason, and apply knowledge and intelligence in different contexts.