Advanced Accounting 12th Edition by Joe Ben Hoyle,Thomas Schaefer , Timothy Doupnik

تمرين 58

Premier Company owns 90 percent of the voting shares of Stanton, Inc. Premier reports sales of $480,000 during 2014 and Stanton reports $264,000. Stanton sold inventory costing $28,800 to Premier (upstream) during the year for $57,600. Of this amount, 25 percent is still in ending inventory at year-end. Total receivables on the consolidated balance sheet were $81,800 at the first of the year and $119,100 at year-end. No intra-entity debt existed at the beginning or ending of the year. Using the direct method, what is the consolidated amount of cash collected
By the business combination from its customers
A) $706,700.
B) $649,100.
C) $686,400.
D) $744,000.