Tiberend, inc., sold $150,000 in inventory to schilling company during 2017 for $225,000. schilling resold $105,000 of this merchandise in 2017 with the remainder to be disposed of during 2018. assuming that tiberend owns 25 percent of schilling and applies the equity method, what journal entry is recorded at the end of 2017 to defer the intra-entity gross profit

Goods and services that can be used for the same purpose are and goods and services that are used together are

For many years, kellogg's frosted flakes, a ready-to-eat breakfast cereal, was perceived as a cereal for children. tony the tiger, a cartoon character, extolled frosted flakes, and advertisements depicted children enjoying the product with tony in competitive situations. recently, in response to declining sales of frosted flakes, the cereal maker has adopted a new series of advertisements that show adults admitting that they enjoy frosted flakes, too. kellogg's is attempting to

Which of the statements is true about the values recorded in the balance sheet of a firm?