Bharrat corporation purchased 34% of ferris corporation for $116,000 on january 1. on october 17 of the same year, ferris corporation declared total cash dividends of $28,000. at year-end, ferris corporation reported net income of $76,000. the balance in the bharrat's equity method investments—ferris account at december 31 should be

Which of the following best describes vertical integration? a. produce goods or services previously purchasedb. develop the ability to produce products that complement the original productc. develop the ability to produce the specified good more efficiently than befored. build long term partnerships with a few supplierse. sell products to a supplier or a distributor