Push Company owns 60% of Shove Company's outstanding common stock. Intra-entity sales are as follows in Year 20X1: Inventory Costs $70,000 Inter-company Purchase Price $100,000 Ending Inventory $20,000 Assume Push sold the inventory to Shove. Using the fully adjusted equity method, what amount would be recorded by Push to defer the unrealized gross profit on inventory sales to Shove in 20X1

do u ahve any choices

answerthe above statement is (true);

the answer is "b.the increased supply will create a surplus. "

the essential thought behind price controls is straightforward - utilize the power of law to modify the equilibrium of a market. for instance, the legislature may choose that the steel business needs to survive, and in this way pass a law to set a value floor on steel. this implies all steel sold must offer at or over the floor value, which must be set over the equilibrium cost for it to have any impact. the switch could likewise happen - the administration can choose that steel is excessively costly and set a value roof underneath its equilibrium value, with the goal that all steel must be sold at or beneath that ceiling.