a. 580,500b. 918,000c. 1,012,500d. 675,000 Dysabel Corp. owns 80% of Marina, Inc.'s common stock. During 2020, Dysabel sold MarinaP337,500 of inventory on the same terms as sales made to third parties. Marina sold all of theinventory purchased from Dysabel in 2020. The following information pertains to Marina andDysabel's sales for 2020:DysabelMarinaSales .P1,350,000540,000P945,000472,500P474,500Cost of sales .P 810,000What amount should Dysabel report as Cost of sales in its 2020 consolidated income statement?

Name: a. 580,500b. 918,000c. 1,012,500d. 675,000 Dysabel Corp. owns 80% of M
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Description: a. 580,500b. 918,000c. 1,012,500d. 675,000 Dysabel Corp. owns 80% of Marina, Inc.'s common stock. During 2020, Dysabel sold MarinaP337,500 of inventory on the same terms as sales made to third parties. Marina sold all of theinventory purchased from D

Cost of sales can be defined as the actual cost incurred over the goods to make the available for…

Answered: What amount should Dysabel report as…

Business

Accounting

What amount should Dysabel report as Cost of sales in its 2020 consolidated income statement?

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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