Determine the consolidated balances of the inventory account in the year 20x6.

Compute for the consolidated operating expense as of December 31, 20x7

What is the consolidated sales for the year 20x6?

Determine the non-controlling interest in net income in the year 20x6.

AAA acquired a 70% interest in BBB on January 2, 20x1 for $468,000 when BBB net assets had a book value and fair value of $790,000. During 20x1, AAA sold inventory items that cost $780,000 to BBB for $1,040,000 and BBB's inventory at December 31, 20x1 included 1/2 of the merchandise. BBB also sold to AAA an inventory for $15,000 with a cost of $12,500, 70% were sold to unaffiliated customers. AAA reported separate income from its own operation of $585,000 and BBB reported a net loss of P390,000. Compute for the consolidated net income.

Determine the consolidated balances of the cost of goods sold account in the year 20x6.

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Question:  A Company own 90% of the outstanding shares of B Company and 80% of the outstanding shares of C Company. The companies sell goods to each other. For the current year, A sold goods to C for P250,000 at a 40% mark-up. C sold 70% of the goods to B for P250,000. B in turn sold 65% of the goods to outside parties for P300,000.                  1 . Compute for the consolidated cost of sales.   a)   274,120 b)   50,120 c)   59,528 d)   283,528   2 . Compute the consolidated gross profit. a)   149,880 b)   240,472 c)   249,880 d)   140,472

Ute Co. had the following transactions with its 90% owned subsidiary (Cougar) during 20X1:Purchases of inventory materials totaling $755,000 from Cougar Corp. Cougar’s gross profit on the sale was 40%. Ute had $80,000 of this inventory remaining on December 31, 20X1. Before consolidating entries, Ute had consolidated inventory of $805,000. What is the amount of unrealized gain from this transaction at the end of the year December 31, 20X1? Group of answer choices $32,000 271,800 $302,000 36,000