Question
[12:21 PM, 3/9/2023] Murshed: Alpha Company owns 80 percent of the voting stock of Beta Company. Alpha and Beta reported the following account information from
[12:21 PM, 3/9/2023] Murshed: Alpha Company owns 80 percent of the voting stock of Beta Company. Alpha and Beta reported the following account information from their year-end separate financial records: Alpha $ 95.000 800.000 600,000 Beta [12:22 PM, 3/9/2023] Murshed: Inventory Sales Revenue Cost of Goods Sold Alpha '$ 95,000 800,000 600.000 $ 88.000 300.000 180.000 During the current year, Alpha sold inventory to Beta for $100,000. As of year end, Beta had resold only 60 percent of these intra-entity purchases. Alpha sells inventory to Beta at the same markup it uses for all of its customers. 4. What is the total for consolidated sales revenue? a. $800.000 b. $970.000 c. $1,000,000 d. $1.100.000
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