Answer:
B) Sales and cost of goods sold should be reduced by the intercompany sales.
Explanation:
When a parent company consolidates its financial statements with its subsidiaries, it has to eliminate all the transactions involving intercompany sales.
In this case, Perez Inc. must adjust its consolidated financial statements by reducing the sales revenue and COGS of the transaction it made with Senior Inc. (its subsidiary).
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because the person who made it likes to make people mad/sad
1)The price from the electronics from China goes up
2)People might start buying domestically made electronics because of cheaper prices.
The government is an consumer because they trade with other countries to get goods that their country need and they are also a producer because they produce strategies for their government to make our communities around the world more better and advanced.
