Consolidated inventory balance is composed of the book values of the parent’s and the subsidiary’s inventory A.and nothing else B.plus/minus the effects of the difference between book value and fair value of the subsidiary’s inventory balance on the date of acquisition that remains unsold as of year-end, minus the unrealized profit on ending inventory, plus the realized profit on beginning inventory C.plus/minus the effects of the difference between book value and fair value of the subsidiary’s inventory balance on the date of acquisition that remains unsold as of year-end, and minus the unrealized profit on ending inventory D.plus/minus the effects of the difference between book value and fair value of the subsidiary’s inventory balance on the date of acquisition that remains unsold as of year-end
Consolidated inventory balance is composed of the book values of the parent’s and
the subsidiary’s inventory
A.and nothing else
B.plus/minus the effects of the difference between book value and fair value of the subsidiary’s
inventory balance on the date of acquisition that remains unsold as of year-end, minus the
unrealized profit on ending inventory, plus the realized profit on beginning inventory
C.plus/minus the effects of the difference between book value and fair value of the subsidiary’s
inventory balance on the date of acquisition that remains unsold as of year-end, and minus
the unrealized profit on ending inventory
D.plus/minus the effects of the difference between book value and fair value of the subsidiary’s
inventory balance on the date of acquisition that remains unsold as of year-end
Step by step
Solved in 2 steps
