Question: During 2011 Company P sold 50 000 of goods to subsidiary

During 2011, Company P sold $50,000 of goods to subsidiary Company S at a profit of $12,000. One-fourth of the goods remain unsold at year-end. If no adjustments were made on the consolidated worksheet, what errors would there be on the consolidated income statement and balance sheet?

View Solution:


Sale on SolutionInn
Sales10
Views428
Comments
  • CreatedApril 13, 2015
  • Files Included
Post your question
5000