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Vedmedyk [2.9K]
3 years ago
9

Walsh Company sells inventory to its subsidiary, Fisher Company, at a profit during 2012. One-third of the inventory is sold by

Walsh uses the equity method to account for its investment in Fisher.In the consolidation worksheet for 2012, which of the following choices would be a credit entry to eliminate the intra-entity transfer of inventory?
A. Retained earnings.B. Cost of goods sold.C. Inventory.D. Investment in Fisher Company.E. Sales.
Business
1 answer:
Ivanshal [37]3 years ago
7 0

Answer:

A. Retained earnings

Explanation:

At the end of the period, the temporary accounts are closed, their balance is transfer to retained earnings, so the COGS and the sales revenue involved in the intra-entity transfer are contained in the retained earnings account

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Explanation:

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3 years ago
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SpyIntel [72]

Answer: Constant price and Current price

Explanation:

Real income and nominal income is calculated respectively at the constant price and the current price.

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3 years ago
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vekshin1

Answer:

The correct answer is False.

Explanation:

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It is based on democracy, social pacification, individual and social dialogue, respect, and consensus for coexistence. It consists of the intervention of a third party in a conflict, the mediator, in order to facilitate the rapprochement of the opposing parties and promote a negotiation process that allows reaching an agreement agreed and accepted by the parties that ends the conflict.

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3 years ago
Service perishability means that ________.
vichka [17]

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zavuch27 [327]

Answer:

A tire without good traction has less grip on the road.

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Read more on Brainly.com - brainly.com/question/12817926#readmore

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