Question: Hello, this is question 17. which we need to have answered for our course:) it depends on exercise 16. which i posted a little earlier:)

Hello, this is question 17. which we need to have answered for our course:) it depends on exercise 16. which i posted a little earlier:) Thank you in advance
17. As per the previous activity, but this time suppose that Hebdon had sold goods to Stoke during the year for $8,000 which includes $2,000 profit. Required Prepare revised consolidated income statements for the year assuming: (a) The goods had all been sold to customers by the year-end; (b) The goods were still in inventory at the year-end; (c) The goods were sold by Stoke to Hebdon and remain in Hebdon's inventory at the year- end
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
