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Pirate Corporation acquired 85 percent of Ship Company’s vot…

Pirate Corporation acquired 85 percent of Ship Company’s voting shares of stock in 20X7. During 20X8, Pirate purchased 50,000 circuit boards for $15 each and sold 28,000 of them to Ship for $20 each. Ship sold all of the units to unrelated entities prior to December 31, 20X8, for $30 each. Both companies use perpetual inventory systems. Which worksheet consolidating entry is needed in preparing consolidated financial statements for 20X8 to remove all effects of the intercompany sale?

According to stasis theory, why might it be difficult for th…

According to stasis theory, why might it be difficult for the following people to debate matters of policy?Person #1: Homelessness is primarily a supply-and-demand issue resulting from poor access to affordable housing. Person #2: Homelessness is primarily a health issue resulting from physical and mental illness, disability, and abuse. Person 3: Homelessness is primarily an income inequality issue resulting from loss of employment or low-paying employment making people unable to pay for essentials like housing.