A subsidiary sells merchandise to its parent at a markup of 25% on cost. In 2020, the parent paid $500,000 for merchandise received from the subsidiary. By year-end 2020, the parent has sold $400,000 of the merchandise to outside customers for $450,000, but still holds the other $100,000 in its ending inventory. Which statement is true concerning how this information should be reported on the 2020 consolidated financial statements?

Consolidated sales should be $450,000.

The consolidated ending inventory balance should be $100,000.

Consolidated cost of goods sold should be $400,000.

Consolidated cost of goods sold should be $720,000.

answer; i do believe that the correct answer is (6) points in georgia;

1) the stages a new product goes through from beginning to end, i.e., the stages that a product passes through from introduction through growth, maturity, and decline. 2) the time from initial research and development to the time at which sales and support of the product to customers are withdrawn. 3) the period of time during which a product can be produced and marketed profitably.

                                          hope it

answer(d) the growth of consumption is likely to remain sluggish even as the economy begins to recover.;

true basically. have an awesome day ya'll.