Dysabel Corp. owns 80% of Marina, Inc.'s common stock. During 2020, Dysabel sold Marina P337,500 of inventory on the same terms as sales made to third parties. Marina sold all of the inventory...


Dysabel Corp. owns 80% of Marina, Inc.'s common stock. During 2020, Dysabel sold Marina<br>P337,500 of inventory on the same terms as sales made to third parties. Marina sold all of the<br>inventory purchased from Dysabel in 2020. The following information pertains to Marina and<br>Dysabel's sales for 2020:<br>Dysabel<br>P1,350,000<br>540,000<br>P 810,000<br>Marina<br>P945,000<br>472,500<br>P474,500<br>Sales<br>Cost of sales .<br>What amount should Dysabel report as Cost of sales in its 2020 consolidated income statement?<br>O 580,500<br>1,012,500<br>918,000<br>675,000<br>

Extracted text: Dysabel Corp. owns 80% of Marina, Inc.'s common stock. During 2020, Dysabel sold Marina P337,500 of inventory on the same terms as sales made to third parties. Marina sold all of the inventory purchased from Dysabel in 2020. The following information pertains to Marina and Dysabel's sales for 2020: Dysabel P1,350,000 540,000 P 810,000 Marina P945,000 472,500 P474,500 Sales Cost of sales . What amount should Dysabel report as Cost of sales in its 2020 consolidated income statement? O 580,500 1,012,500 918,000 675,000

Jun 09, 2022
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