If the sale referred to above was a downstream sale, the total sales revenue reported in the consolidated income statement for 2014 would be
A) $870,000.
B) $880,000.
C) $920,000.
D) $970,000.
A
Explanation: A) 2014 combined sales $920,000
Less: 2014 intercompany sales (50,000)
Consolidated sales $870,000
Business
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