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12 ed Par Inc owns 80.95% of Sub Corp. During the year, Par sold inventory to Sub for $111,119. Exactly 50.71% of this inventory remained
12 ed Par Inc owns 80.95% of Sub Corp. During the year, Par sold inventory to Sub for $111,119. Exactly 50.71% of this inventory remained in Y's warehouse at year end. Sub sold inventory to Par for $55,564 of which 42.35% remained in X's warehouse at year end. Both companies are subject to a tax rate of 30.27%. The gross profit percentage on sales is 20% for both companies. What is the after-tax dollar value of Sub's realized profits during the year on its sales to Par? Botol a question O a $4,356 O b. $4,132 Oc $4,467 O d. $4,579 Oe. $4,244
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