Tribbs sold one of its products to Quicker for resale to its cus
Tribbs sold one of its products to Quicker for resale to its customers. The details include the following:
Tribbs sale price was $200,000.
Tribbs cost to make the product was $180,000.
Quicker has sold 50% of the product to its customers during the year with the remaining $100,000 still in inventory.
Quicker sold the product for $130,000.
Quicker made $110,000 in profits for the year.
Submit a report outlining your findings for your next combined meeting. Include the following:
To record the transaction:
Tribbs’ entry
Quicker’s entry
Consolidated worksheet entry at 12/31/05
intercompany sales entry
intercompany profits entry
Collepals.com Plagiarism Free Papers
Are you looking for custom essay writing service or even dissertation writing services? Just request for our write my paper service, and we'll match you with the best essay writer in your subject! With an exceptional team of professional academic experts in a wide range of subjects, we can guarantee you an unrivaled quality of custom-written papers.
Why Hire Collepals.com writers to do your paper?
Quality- We are experienced and have access to ample research materials.
We write plagiarism Free Content
Confidential- We never share or sell your personal information to third parties.
Support-Chat with us today! We are always waiting to answer all your questions.