Raymundo Corp. owns 100% of Indiana Group, Inc.'s stock. Raymundo Corp. prepares consolidated financial statements. Data from the annual reports of the two companies are:
A. How much of the $3,000,000 consolidated sales reported by Raymundo Corp. is from operations of Indiana Group?
B. How much of the $800,000 consolidated net income reported by Raymundo Corp. is from operations of Indiana Group?

Question

Raymundo Corp. owns 100% of Indiana Group, Inc.'s stock. Raymundo Corp. prepares consolidated financial statements. Data from the annual reports of the two companies are:
  A. How much of the $3,000,000 consolidated sales reported by Raymundo Corp. is from operations of Indiana Group?
B. How much of the $800,000 consolidated net income reported by Raymundo Corp. is from operations of Indiana Group?

Quizplus · Accepted Answer

The Answer of Raymundo Corp. owns 100% of Indiana Group, Inc.'s stock. Raymundo Corp. prepares consolidated financial statements. Data from the annual reports of the two companies are:
  A. How much of the $3,000,000 consolidated sales reported by Raymundo Corp. is from operations of Indiana Group?
B. How much of the $800,000 consolidated net income reported by Raymundo Corp. is from operations of Indiana Group?