Dysabel Corp. owns 80% of Marina, Inc.'s common stock. During 2020, Dysabel sold Marina P337,500 of inventory on the same terms as sales made to third parties. Marina sold all of the inventory purchased from Dysabel in 2020. The following information pertains to Marina and Dysabel's sales for 2020: Dysabel P1,350,000 540,000 P 810,000 Marina P945,000 472,500 P474,500 Sales. Cost of sales . What amount should Dysabel report as Cost of sales in its 2020 consolidated income statement? O 580,500 O 1,012,500 O 918,000 O 675,000

Dysabel Corp. owns 80% of Marina, Inc.'s common stock. During 2020, Dysabel sold Marina P337,500 of inventory on the same terms as sales made to third parties. Marina sold all of the inventory purchased from Dysabel in 2020. The following information pertains to Marina and Dysabel's sales for 2020: Dysabel P1,350,000 540,000 P 810,000 Marina P945,000 472,500 P474,500 Sales. Cost of sales . What amount should Dysabel report as Cost of sales in its 2020 consolidated income statement? O 580,500 O 1,012,500 O 918,000 O 675,000

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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