Blue Company owns 80 percent of the common stock of White Corporation. During the year, Blue reported sales of $1,000,000, and White reported sales of $500,000, including sales to Blue of $80,000. The amount of sales that should be reported in the consolidated income statement for the year is:
A. $500,000.
B. $1,300,000.
C. $1,420,000.
D. $1,500,000.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Blue Company owns 80 percent of the common stock of White Corporation. During the year, Blue reported sales of $1,000,000, and White ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
Ranier Outdoor Clothing managers engage in an annual organizational assessment, trying to predict industry changes as well as possible opportunities and threats.
Answers (1)
Constant returns to scale occur when the firm's long-run a. total costs are constant as output increases. b. average total costs are constant as output increases. c. average cost curve is falling as output increases. d.
Answers (1)
business ethics chapter 7 vicarious liability is a legal concept that means a party may be held responsible for injury or damage only if he or she were actively involved in an incident true false
Answers (1)
Inflation is assumed to be a temporary problem that does not affect financial decisions. True or False
Answers (1)
How can you avoid plagiarism?
Answers (2)
New Questions in Business
The comparative balance sheets of Friends, Inc. show a net increase in accounts receivable of $650 and a net decrease in inventory of $500. To determine net cash flow from operating activities under the indirect method, net income should be:
Answers (1)
A company has net sales of $1,630,200 and average accounts receivable of $418,000. What is its accounts receivable turnover for the period?
Answers (1)
Which of the following is a common way to describe a product that is being offered for sale? in the market on the market on exchange in business
Answers (1)
If a change in government regulations allows banks to start paying interest on checking accounts, this will: increase the demand for currency but decrease the demand for checking accounts. decrease the demand for money. increase the demand for money.
Answers (2)
Which is most likely cause for rapid increase in number of interest groups in recent decades?
Answers (1)