Baxter Company produces children's wiffle ball sets using a threeminusstep sequential process that includes molding, coloring and finishing. When the sets are completely finished, out of which account should the cost be transferred?A) Finished Goods Inventory
B) WIP InventoryWIP Inventory-Coloring
C) WIP InventoryWIP Inventory-Finishing
D) WIP InventoryWIP Inventory-Molding

The stock of grommet corporation, a u. s. company, is publicly traded, with no single shareholder owning more than 5 percent of its outstanding stock. grommet owns 95 percent of the outstanding stock of staple inc., also a u. s. company. staple owns 100 percent of the outstanding stock of clip corporation, a canadian company. grommet and clip each own 50 percent of the outstanding stock of fastener inc., a u. s. company. grommet and staple each own 50 percent of the outstanding stock of binder corporation, a u. s. company. which of these corporations form an affiliated group eligible to file a consolidated tax return?