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Michael Hirsch
on Dec 01, 2024

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What is the balance of the consolidated inventory account at December 31, 20X6?

A) $160,000
B) $162,000
C) $165,000
D) $168,000

Gross Margin

The difference between revenue and the cost of goods sold, divided by revenue, expressed as a percentage. It shows the percentage of revenue that exceeds the cost of goods sold.

Consolidated Inventory

involves aggregating the inventories of a parent company and its subsidiaries, presenting them as a single inventory balance in the consolidated financial statements.

Outstanding Shares

The total number of shares of a corporation that are currently owned by all its shareholders, including shares held by institutional investors and restricted shares.

  • Calculate consolidated inventory and the impact of intercompany transactions.
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Dalia PharounDec 07, 2024
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