Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. where an investor sells inventory to an associate

Where an investor sells inventory to an associate in a prior year and the inventory...

70.2K

Verified Solution

Question

Accounting

Where an investor sells inventory to an associate in a prior year and the inventory is sold by the associate during the current year, the investment in associate account is: not adjusted as the profit has been realised. decreased by the investors share of the realised profit. increased by the investors share of the realised profit. increased by the full amount of the realised profit.

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

Yeti sells their largest cooler, the Yeti Tundra 350 for $1299.99. The Tundra 350 has external...

Physics
Q

How do gastropods move? How does the foot allows a gastropod to glideover surfaces?ciliated foot...

Biology
Q

is the space above and below a paragraph O Horizontal spacing Horizontal alignment

Biology
Q

An interior angle of a regular polygon has a measure of 135 What type of...

Geometry
Q

Ex Find the volume of the solid generated by the x axis and the line...

Calculus
Q

In 1964 paleontologists discovered the bones of a new species of dinosaur The age of...

Algebra
Q

Find the slope of the line.-7x-5y=3Select the correct choice below and, if necessary, fill in...

Algebra
Q

Use the binomial series to expand the function as a power series 01 1 12...

Algebra
Q

Manufacturing overhead data for the production of Product H by Brenda Company, assuming the company...

Accounting
Q

Huron Company produces a cleaning compound known as Zoom. The direct materials and direct labor...

Accounting
Q

help!! Smiley Corporation issues $300,000 of bonds for $315,000. (a) Prepare the...

Accounting
Q

Lucy sells her partnership interest, a passive activity, with an adjusted basis of $404,500 for...

Accounting