On 1/1/2021 P company acquired 90% of S company and 60% of R company. Accounts...
60.1K
Verified Solution
Link Copied!
Question
Accounting
On 1/1/2021 P company acquired 90% of S company and 60% of R company. Accounts payable balance for P company is 19000 JD, and for S company 12000 JD, and for R company 8000 JD. P sold inventory to S on account for 6000 JD, S sold P on account for 3500 JD. S sold R on account for 4500 JD, R sold P on account for 1500 JD. Compute consolidated balance for accounts payable. Select one: a. 20500 b. 21500 OC. 22500 O d. 23500
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!
Other questions asked by students
StudyZin's Question Purchase
1 Answer
$0.99
(Save $1 )
One time Pay
- No Ads
- Answer to 1 Question
- Get free Zin AI - 50 Thousand Words per Month
Best
Unlimited
$4.99*
(Save $5 )
Billed Monthly
- No Ads
- Answers to Unlimited Questions
- Get free Zin AI - 3 Million Words per Month
*First month only
Free
$0
- Get this answer for free!
- Sign up now to unlock the answer instantly
You can see the logs in the Dashboard.