Basics of amount of unrealized intercompany profit

Reference no: EM13152251

Yukon Co. purchased 75% percent of the voting common stock of Ontario Corp. on January 1, 2006. During the year, Yukon made sales of inventory to Ontario. The inventory cost Yukon $260,000 and was sold to Ontario for $390,000. Ontario still had $60,000 of the goods in its inventory at the end of the year. The amount of unrealized intercompany profit which should be eliminated in the consolidation process at the end of 2006 is :

a) $15,000

b) $20,000

c) $32,500

d) $30,000

Reference no: EM13152251

Questions Cloud

Noncontrolling interest share of consolidated net income : Race decided to use the equity method to account for this investment. What was the noncontrolling interest's share of consolidated net income?

Calculate [h+ ], [oh - ], and the ph for this solution : A solution is prepared by mixing 78.0 mL of 5.00 M HCl and 35.0 mL of 8.00 M HNO3. Water is then added until the final volume is 1.00 L. Calculate [H+ ], [OH - ], and the pH for this solution.

Calculate the ph of a 0.05m sloution of sodium butyrate : Butyric acid (a monoprotic acid) is responsible for the foul smell of rancid butter. the pKa of butyric acid is 4.84. calculate the pH of a 0.05M sloution of sodium butyrate

What generalization can you make about the rotation : What generalization can you make about the rotation of a Fischer projection formula in the plane of the paper? Answer a. 90° rotation results in an enantiomer, 180° rotation results in the identical molecule.

Basics of amount of unrealized intercompany profit : The inventory cost Yukon $260,000 and was sold to Ontario for $390,000. Ontario still had $60,000 of the goods in its inventory at the end of the year. The amount of unrealized intercompany profit which should be eliminated in the consolidation pr..

What is the component of most bacterial cell walls : What is the component of most bacterial cell walls?

What is the new pressure : A 3.5 L container is filled with gas at 1.00 atm. A piston then compresses the gas to 0.250 L. What is the new pressure

Draw structural formulas for the bromobutane : Draw structural formulas for the following compounds, and mark any chiral centers (asymmetric carbons) with an asterisk: l-bromobutane, 2- bromobutane

What is the new temperature of this gas : At constant pressure, 660 mL of nitrogen at 37°C are changed to 725 mL What is the new temperature of this gas?

User Account

All Pages