15. On Jan 1, 20x8, Golden purchased all shares of outstanding common stock of ABC Company During the current year, Golden sold $160,000 of inventory to ABC. The financial information related with the intercompany sale is as follows: Golden's inventory cost: $150,000. Intercompany sale: $200,000. Sales by ABC to outside customers: $280,000. Year end inventory from Golden on ABC's account: $40,000. What amount of above transaction should be included in sales in December 31, 20x8 consolidated income statement? A $200,000 B. $280,000 C. $240,000 D. $230,000 ABC Corp. was fully purchased by Golden Company on March 31, 20x8. Assuming both two companies have regular calendar year basis and have been engaged in business for a long time. The consolidated net income in Golden's Dec 31, 20x8 income statement should be comprised of_? The net income of Golden for The net income of ABC for A. 12 months 3 months B. 12 months 9 months C. 12 months 12 months 12 months Net income of ABC should never be included in consolidated net income D. Which of the following reports must be filed annually with SEC by U.S. registered companies? A Form 10-02 B. Form 8-K C Form 10-K D. Form S-1 Regarding to the SEC Form 10-Q, which of the following is the best statement? A. This form must be filed annually by U.S. registered companies (issuers). B. This form contains quarterly unaudited financial statements prepared using U.S. GAAP. interim period MD&A, and certain disclosures. C This form is filed to report major events that may affect the company. This form contains quarterly audited financial statements prepared using US GAAP, interim period MD&A, and certain disclosures. D