Question
Parent own 90% of subsidiary parent sales include 15,000 intercompany sales to its subsidiary. The sale includes a profit of 6,250. 40% of goods from
Parent own 90% of subsidiary parent sales include 15,000 intercompany sales to its subsidiary. The sale includes a profit of 6,250.
40% of goods from intercompany sales was not sold
thus, the cost of sales is
Select one:
a. $ 6250
b. $ 8750
c. $ 15,000
d. $ 10,000
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Modern Advanced Accounting In Canada
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