Cadion co. owned a controlling interest in knieval inc. cadion reported sales of $420,000 during 2011 while knieval reported $280,000. inventory costing $28,000 was transferred from knieval to cadion (upstream) during the year for $56,000. of this amount, twenty-five percent was still in ending inventory at year's end. total receivables on the consolidated balance sheet were $112,000 at the first of the year and $154,000 at year-end. no intra-entity debt existed at the beginning or ending of the year. using the direct approach, what is the consolidated amount of cash collected by the business combination from its customers?

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Business

James Andersen

30 May, 01:40

Cadion co. owned a controlling interest in knieval inc. cadion reported sales of $420,000 during 2011 while knieval reported $280,000. inventory costing $28,000 was transferred from knieval to cadion (upstream) during the year for $56,000. of this amount, twenty-five percent was still in ending inventory at year's end. total receivables on the consolidated balance sheet were $112,000 at the first of the year and $154,000 at year-end. no intra-entity debt existed at the beginning or ending of the year. using the direct approach, what is the consolidated amount of cash collected by the business combination from its customers?

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Nylah Wilkinson · Answer 1

Owned A Controlling Interest In Knieval Inc. Cadion Reported Sales Of ... Of this amount, twenty-five percent was still in ending inventory at year's end.