Compute the December 31, 2020, consolidated revenues.
A) $1,400,000.
B) $ 800,000.
C) $ 500,000.
D) $1,590,375.
E) $1,390,375.

Question

Quizplus · Accepted Answer

Consolidated revenues are the total revenues of the parent and its subsidiaries, excluding intercompany transactions. The correct choice is $1,400,000, which likely represents the sum of revenues from all entities in the group after eliminating any intercompany sales.

Compute the December 31, 2020, Consolidated Revenues