Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. . your perusal of the general ledger of hopkins co

. Your perusal of the General ledger of Hopkins Corp, revealed that during the year...

80.2K

Verified Solution

Question

Accounting

. Your perusal of the General ledger of Hopkins Corp, revealed that during the year 2019, Salisbury Corp sold goods to Hopkins Corp for Omani Rials 60000 at a markup of 20%. However, 40% of the goods sold by Salisbury Corp are still unsold by Hopkins Corp at the end of year. REQUIRE: TREATMENT OF INTRA-COMPANY SALES.

Hopkins is parent company and Salisbury is subsidiary company

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

Physics
1.2K views

a) A block ice of mass 1kg has a temperature of -5°C and gets placed in...

Physics
1.2K views

What are the obstacles to overcome in laser tweezer setups? Find a journal article that describes an...

Electrical Engineering
1.2K views

a) Draw the simplest circuit of the nMOS co-source amplifier and subtract the expression of the...

Biology
1.2K views

A young man suffers a spinal cord injury while diving at the community pool. He...

Biology
1.2K views

26 During which step of the viral cycle does budding happen A Attachment B Integration...

Calculus
1.2K views

1 point f x is given in the following table X 1 14 9 16...

Calculus
1.2K views

453 Given the function k x 0 5x 6x 3 which of the following is...

Calculus
1.2K views

25 81 Select the correct choice below and if necessary fill in the answer box...

Calculus
1.2K views

Write the parametric equations as a function of a in Cartesian form S 1 with...

Accounting
1.2K views

Concord Inc is considering purchasing equipment costing $36000 with a 6 year useful life. The...

Accounting
1.2K views

Brief Exercise 11-11 Vaughn Corporation purchased an asset at a cost of $45,000 on March...

Accounting
1.2K views

Data table Data table Carling Industries has gathered the following information about the actual sales...