Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. flag this question question 372 pts nautilus co. a

Flag this Question Question 372 pts Nautilus Co. acquired 100% of XYZ Corp. on January...

60.1K

Verified Solution

Question

Accounting

image
Flag this Question Question 372 pts 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? a. $1,370,000 b. $1,000,000 c. $1,790,000 d. $2,770,000

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

What is the term for the conflict among roles corresponding to two or more statuses? What...

Psychology
Q

This is a 3 part question but one question (A) Discuss the probability of landing on...

Basic Math
Q

2 A biconvex lens of focal length 10 cm is to be made on glass...

Physics
Q

What is a population Choose the correct answer below OA A population is the set...

Basic Math
Q

Two gage marks are placed exactly 10 in apart on a 2 in diameter aluminum...

Basic Math
Q

A university dean is interested in determining the proportion of students who receive some sort...

Statistics
Q

K Researchers conducted trials to investigate the effects of color on creativity Subjects with a...

Algebra
Q

TRUE/FALSE Age is a sub segment of demographic segmentation

Accounting
Q

Jim owned 100% of the Rockford Files Corporation (RF). At the end of last year,...

Accounting
Q

Arabica Manufacturing uses a predetermined overhead allocation rate based on the number of machine hours....

Accounting
Q

Sand and Sea Resorts owns and operates two resorts in a coastal town. Both resorts...

Accounting
Q

critically analyze the whole article in one page. discuss the purpose of the study, Research...

Accounting