On january 1, 20x8, parent company acquired 90 percent ownership of subsidiary corporation, at underlying book value. the fair value of the noncontrolling interest at the date of acquisition was equal to 10 percent of the book value of subsidiary corporation. on mar 17, 20x8, subsidiary purchased inventory from parent for $90,000. subsidiary sold the entire inventory to an unaffiliated company for $120,000 on november 21, 20x8. parent had produced the inventory sold to subsidiary for $62,000. the companies had no other transactions during 20x8.required informationbased on the information given above, what amount of sales will be reported in the 20x8 consolidated income statement? $62,000$120,000$90,000$58,000

1. all other things equal, according to the law of demand, when the price of a good falls, the demand for the good falls the demand for the good rises the quantity demanded of the good falls the quantity demanded of the good rises 2. when a market is in equilibrium, the quantity of the good that buyers are willing and able to buy exactly equals the quantity that sellers are willing and able to sell cannot be determined is less than the quantity that sellers are willing and able to sell is greater than the quantity that sellers are willing and able to sell 3. which of the following factors does not influence the demand for a good or service? consumer (buyer) income the price of related goods the number of sellers buyer expectations 4. when the number of sellers in a market increases, demand rises supply rises the price rises, all else equal the number of buyers falls

Jewelry manufacturers produce a range of products such as rings, necklaces, bracelets, and brooches. what fundamental economic question are they addressing by offering this range of items?

Aprice control is: question 1 options: a)a tax on the sale of a good that controls the market price.b)an upper limit on the quantity of some good that can be bought or sold.c)a legal restriction on how high or low a price in a market may go.d)control of the price of a good by the firm that produces it.