Advanced Accounting 10th Edition by Thomas Schaefer, Joe Ben Hoyle, Timothy Doupnik

تمرين 49

Jordan, Inc., holds 75 percent of the outstanding stock of Paxson Corporation.Paxson currently owes Jordan $400,000 for inventory acquired over the past few months.In preparing consolidated financial statements, what amount of this debt should be eliminated a.-0-.
B)$100,000.
C)$300,000.
D)$400,000.