Answer:
The answer is $1,420,000
Explanation:
Consolidated income statement is the combination of both Pluto and Star individual income statement.
Pluto sales for the year is $1,000,000
Star reported sales $500,000
Sales from star to Pluto $80,000
The amount of sales that will be reported in the consolidated income statement for the year is therefore,
$1,000,000 + $500,000 - $80,000
=$1,420,000
Answer: a.Purple, Blue, and Yellow.
Explanation: he does not have a controlling interest in green yet because it's percentage of control is still below 50% so it cannot report green's income.
Answer:
u.s treasure department: issues government bonds
federal reserve bank (fed): buys and sells bonds on the open market
securities and exchange commission (sec): protects investors ageinst found.
Answer:
Option (B) is correct.
Explanation:
A recessionary gap is a situation in which the equilibrium level of real GDP is less than the full employment level. In this condition, the aggregate demand is lower and there is a shortage of aggregate demand. This shortage of aggregate demand will be corrected if there is an increase in the government spending or decrease in the taxes. This would increase the aggregate demand in the economy, and therefore, increase the real GDP and achieve the full employment level.
An inflationary gap occurs when the equilibrium level of real GDP is greater than the full employment level. There is a higher level of aggregate demand in the economy, so there is a need to lower down the government spending or to raise taxes in order to reduce the aggregate demand. This lower level of aggregate demand reduces the real GDP and achieve the full employment level.
Answer:
The answer is: $600
Explanation:
Accounts receivable: money balance owed to a company for the sale of products or services delivered, but still not paid by its customers.
Of the year's total sales, $12,000 had been fully paid and $6,000 remained as accounts receivable. The company estimates that 10% of accounts receivable will not be collected, equivalent to $600.