Jubilee, Inc., posee el 30 por ciento de JPW Company y aplica el mtodo de...

90.2K

Verified Solution

Question

Accounting

Jubilee, Inc., posee el 30 por ciento de JPW Company y aplica el mtodo de participacin. Durante el ao en curso, Jubilee compra inventario por $110 400 y luego lo vende a JPW por $138 000. Al final del ao, JPW todava tiene solo $25,300 en mercadera. Qu cantidad de utilidad bruta debe diferir Jubilee al informar esta inversin usando el mtodo de participacin?

Opcin multiple

R. $6,318.

B. $1,518.

C $11,118.

D. $8,418.

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