You could start a shop that sales clothes you would need to know how to run a business and the best way to set the store up to make sure it is smoothly being ran and to make sure you are making sales and you could also make a distribution center that will distribute your product to stores across the world you would need to know how to market your supply and make sure you can get your foot in the door into bigger business and will also need to know how to keep items in stock
Answer:
$12,000
Explanation:
The amount of intercompany profit should be eliminated on the consolidated statements workpaper is the written down value of the merchandise minus the cost of the remaining merchandise in S Company's inventory. This can be calculated as follows:
The written down value of the merchandise = $92,000
Cost of the remaining merchandise = $240,000 × (1 ÷ 3) = $80,000
Intercompany profit = $92,000 - $80,000 = $12,000
Therefore, the amount of intercompany profit should be eliminated on the consolidated statements workpaper is $12,000.
Answer:
No, the investment is not increased in any accounting method so it must not be increased.
Explanation:
The reason is that in the cost method, the investment remains the same because the return is treated as income.
In the held for trading, the return received is treated as decrease in the investment because the dividend received decreases the fair value of the investment. Similarly in the equity method the dividend received is treated as cash withdrawal or we can say that dividend received decreases the fair value of the investment.
The answer is 52500 for 25% from 42000 = 10500 so 42000+10500=52500
