Chase Incorporated sold $260,000 of its inventory to Bartlett Company during 2021 for $400,000. Bartlett sold $300,000 of this merchandise in 2021 with the remainder to be disposed of during 2022. Assume Chase owns 35% of Bartlett and accounts for its investment using the equity method. What journal entry will be recorded in 2022 to recognize its share of the intra-entity gross profit that was deferred in 2021
Solved
Show answers
More tips
- B Business and Finance How to Get Your Money Back When Lending? Top 7 Ways...
- S Sport How to Learn Swimming? Simple Tips for Beginners...
- P Photography and Videography Understanding HDR: How It Works and Why You Need It...
- G Goods and services Which TV is better - LCD or Plasma?...
- S Sport How to Learn to Pull Up on Monkey Bars?...
- L Leisure and Entertainment Scrapbooking: What is it and Why is it Becoming More Popular?...
- C Computers and Internet Where did torrents.ru move to?...
- B Business and Finance Understanding Cash Flow: What It Is and How It Works...
- C Computers and Internet What Are Peers and Seeds in Torrenting?...
- H Health and Medicine 10 Simple Techniques on How to Boost Your Mood...
Answers on questions: Business
- B Business Tanner-UNF Corporation acquired as a long-term investment $240 million of 6% bonds, dated July 1, on July 1, 2018. The company management has the positive intent and ability...
- B Business Baker Industries’ net income is $23000, its interest expense is $5000, and its tax rate is 35%. Its notes payable equals $24000, long-term debt equals $75000, and common...
- B Business Sarah is a high school graduate and james is a college graduate. which of the following statements is true? a. sara is likely to have more human capital than james.b....
- H History 20 ! ! ! why did the united states want conquered nations to recover after the war? support your response with cited evidence....
- H Health Collect a variety of packaged foods from you kitchen and examine the packages. which part of the package gives information about the type and amounts of substance in the...
- S Spanish Which is one way that scientists communicate the results of an experiment?...
- A Arts Which is the most fundamental chord in music? a. consonant chord b. triad c. dissonant chord d. dominant chord e. arpeggio...
- B Biology How does cell theory affect the study of biology...
- M Mathematics If the school cafeteria, students choose their lunch from 3 sandwiches 3soups 4 salads and 2 drinks. how many different lunches are possible for a student who chooses...
- B Biology Which of the following is a eukaryotic cell but not a prokaryotic cell...
Ответ:
The engineer Lee is very well trained and has a lot of experience in the planetary field, therefore it is likely that he will decide to launch the project taking into account all the implications foreseen in the project.
Explanation:
JPL spent a lot of time "Identifying, measuring, and applying risk factors against the opportunity value and cost of failure" (VMware 2013). This methodology was a key process in deciding to launch or delay the launch of MBE.
The effects of JPL and NASA's past failures as well as the risk management program Lee implemented should be paramount in making and evaluating such an important decision.
Tests and tests as well as future predictions in error tests should keep the entire team attentive to what could happen and a possible plan B in case of technical failures.