Business

Taylor Lambert

11 February, 17:29

Nautilus Co. acquired 100% of XYZ Corp. on January 2, 2020. During 2020, Nautilus sold goods to XYZ Corp for $700,000 that cost Nautilus $500,000. XYZ Corp still owned 40% of the goods at the end of the year. Cost of goods sold was $1,000,000 for Nautilus and $990,000 for Aeillo. What was consolidated cost of goods sold? Select one: A. $2,770,000 B. $1,790,000 C. $1,000,000 D. $1,370,000

+3

Answers (1)

Know the Answer?

Not Sure About the Answer?

Get an answer to your question ✅ “Nautilus Co. acquired 100% of XYZ Corp. on January 2, 2020. During 2020, Nautilus sold goods to XYZ Corp for $700,000 that cost Nautilus ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.

Search for Other Answers

You Might be Interested in

The condensed income statement for the Consumer Products Division of Fargo Industries Inc. is as follows (assuming no service department charges) : Sales $82,500,000 Cost of goods sold 53,625,000 Gross profit $ 28,875,000 Administrative expenses

Dilwater Furniture purchased a corner lot in Pittsburg five years ago at a cost of $890,000. The lot was recently appraised at $1,070,000.

A product featuring a qualified health claim on its label: a. must bear a statement explaining the degree of scientific evidence backing the claim. b. cannot be sold. c. must have the highest degree of scientific support for that claim. d.

What happens if you don't pay your insurance deductible for your car?

Assume that Congress recently passed a provision that will enable Barton's Rare Books (BRB) to double its depreciation expense for the upcoming year but will have no effect on its sales revenue or tax rate.

New Questions in Business

D. what is the currentjobid of employees that work in the personnel department

Barney Corporation recognized a $100 million preferred stock balance on 12/31/2019. On January 1, 2020, Barney issued $10 million in preferred dividends. On the same date, Barney raised an additional $20 million via a new issuance of preferred stock.

1. Assume that the money demand function is (M / P) d = 2,200 - 200r, where r is the interest rate in percent. The money supply M is 2,000, and the price level P is 2.

8. As a generic legal term. means any group of persons with a legal entity. partnersluip business corporation proprietorship

For each of the following note disclosures, indicate whether the disclosure would likely appear in (A) the summary of significant accounts policies or (B) a separate note. 1. The Depreciation Method 2. Contingency information 3.