Answer:
C. Inventory.
Explanation:
Inventory would be credited, because the company has sold it's inventory, and it is gone, so whatever goes out is always credited.
Answer:
The answer for what will be credited in the consolidated worksheet for 2021 is option B) cost of goods sold
Explanation:
The cost method is a type of accounting used for investments. This method is used when the investor exerts little or no influence over the investment that it owns.
The investor reports the cost of the investment as an asset. When dividend income is received, it is immediately recognized on the income statement.
If bond uses the cost method to account for its equity investment in Esquivel, costs of goods sold will be credited in the consolidated worksheet for 2021?
