Upstream or downstream sale

Assignment Help Accounting Basics
Reference no: EM13122981

Many times the sale of inventory is referred to as upstream and downstream. However, how is it treated if it is from one sub to another? Is the sale of inventory from one sub to another treated in the same manner as an upstream or downstream sale? Please support your response.

Reference no: EM13122981

Questions Cloud

What was hensons retained earnings : Henson Company began the year with retained earnings of $175,000. During the year, the company recorded revenues of $250,000, expenses of $190,000, and paid dividends of $20,000. What was Henson's retained earnings at the end of the year?
Cost and revenue functions and breaking point : A company that manufactures bicycles has a fixed cost of $ 100,000. It costs $ 100 to produce each bicycle. The selling price per bike is $ 300.
Particle moving along graph of function : A particle moves along the graph of the function y=8/3x^3/2 (the 3/2 is the exponent on the x) at the constant rate of 2 units per seconds.
Find probability-shuttle component functions successfully : This shuttle component functions successfully provided that at least one of the n systems functions properly. Find the probability that this shuttle component functions successfully if n - 2.
Upstream or downstream sale : Many times the sale of inventory is referred to as upstream and downstream. However, how is it treated if it is from one sub to another? Is the sale of inventory from one sub to another treated in the same manner as an upstream or downstream sale?
How much work has been done : A piston has an external pressure of 11.0 bar . How much work has been done if the cylinder goes from a volume of 0.150 liters to 0.570 liters.
Calculate the equivalent units of production : There were 1,100 units in beginning goods in process inventory, and they were 70% complete with respect to both direct materials and conversion costs. Calculate the equivalent units of production for the month, assuming the company uses the weight..
Application of rational function : An application of a rational function is T = (AB)/(A+B), which gives the time, T, it takes for two workers to complete a particular task where A & B represent the time it would take for each individual worker to complete the identical task.
What are rebuttal,refutation, concession? : what is a rebuttal? What is a refutation? , what is a concession? what is the difference between a graph and a chart? What is the difference between a bar graph and a pie graph?

Reviews

Write a Review

Accounting Basics Questions & Answers

  Journal entry for property taxes and allowance

Prepare a journal entry for the taxes of Winston County's General Fund on July 1, 2005, the date on which the property taxes for the fiscal ending June 30, 2006, were billed to taxpayers.

  Taxation and research memorandum

The Pima and Southern Railroad (PSRR) is a small railroad operating in rural Arizona. It exists by carrying freight to remote areas of the southwest. This year the PSRR needs to replace a 30-mile section of its track. The PSRR has bids from a cont..

  Determine the payback period for the project

Determine whether or not the project should be undertaken using the net present value method.

  Journal entry of exchange of equipment

Equipment that cost $80,000 and has accumulated depreciation of $63,000 is exchanged for similar equipment with a fair value of $35,000 and $15,000 cash is received. The exchange lacked commercial substance.

  Unethical behaviour contribute of information technology

What are some of new tools information technology has provided that contribute to unethical behaviour?

  Compute the price of the bonds on their issue date

Compute the price of the bonds on their issue date. The following information is taken from present value tables:   Present value of an annuity for 10 periods at 3%..8.5302

  Units-of-production depreciation

Compute the depreciation for each of the three years, assuming the use of units-of-production depreciation.

  Journal entries for jane geddes engineering

Prepare the 2009 journal entries for all of the following transactions and adjustments. Show full computations. You can ignore dates if not given. Round all amounts to nearest dollar.

  Calculate how much estate tax would have been saved

Harold and Maude are married and live in a common-law state. Neither have made any taxable gifts and Maude owns (holds title) all their property. She dies with a taxable estate of $15 million and leaves it all to Harold. He dies several years late..

  Show computations to value the ending inventory

Show computations to value the ending inventory using the weighted-average cost method if 550 units remain on hand at October 31.

  Tax basis for partnership interest

What is Justin’s adjusted tax basis for his partnership interest immediately after partnership is formed? What is the partnership’s adjusted basis for property contributed by Justin?

  Average-marginal tax-llc and gaap

Explain the meaning of the term "accounting principles" as used in the audit report. How is it determined if an accounting principle is "generally accepted". Discuss the sources of evidence for determining whether an accounting principle has substa..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd