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Company A owns 100% or Company B. Company B owns 100% of Company C. Company C owns 100% of Company D. Company A has $500,000
Company A owns 100% or Company B. Company B owns 100% of Company C. Company C owns 100% of Company D.
Company A has $500,000 inventory. It sells $50,000 of inventory to Company C, and Company C sells it all for $60,000 to a third-party. Company A sells $50,000 of inventory to Company B, and Company B sells it all to a third-party for $65,000. Company A sells $100,000 of inventory to Company D who sells nothing.
What is the dollar amount of inventory on the consolidated financial statements?
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