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

تمرين 18

Aedion Company owns control over Breedlove, Inc.Aedion reports sales of $300,000 during 2011 and Breedlove reports $200,000.Inventory costing $20,000 was transferred from Breedlove to Aedion (upstream) during the year for $40,000.Of this amount, 25 percent is still in ending inventory at year-end.Total receivables on the consolidated balance sheet were $80,000 at the first of the year and $110,000 at year-end.No intra-entity debt existed at the beginning or ending of the year.Using the direct approach, what is the consolidated amount of cash collected by the business combination from its customers
a.$430,000.
b.$460,000.
c.$490,000.
d.$510,000.