parent CGS + Sub CGS - Intra entity transfer - 2017 deferred gross profit + present year gross profit


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Parkette, Inc., acquired a 60 percent interest in Skybox Company type of several years ago. Throughout 2017, Skybox sold inventory costing $160,000 to Parkette for $200,000. A total of 18 percent of this inventory was not offered to outsiders till 2018. During 2018, Skybox offered inventory costing $297,500 to Parkette for $350,000. A full of 30 percent of this inventory was not marketed to outsiders till 2019. In 2018, Parkette reported price of items offered of $607,500 while Skybox reported $450,000. What is the consolidated cost of products marketed in 2018?
Top Company kind of holds 90 percent of Bottom Company"s prevalent stock. In the current year, Top reports sales of $800,000 and also expense of goods sold of $600,000. For this exact same duration, Bottom has sales of $300,000 and also expense of products offered of $180,000. Throughout the existing year, Top sold merchandise to Bottom for $100,000. The subsidiary still possesses 40 percent of this inventory at the present year-finish. Top had actually establiburned the transport price based upon its normal gross profit rate. What are the consolidated sales and also cost of goods sold?
Top Company holds 90 percent of Bottom Company"s prevalent stock. In the current year, Top reports sales of $800,000 and also expense of goods sold of $600,000. For this exact same duration, Bottom has sales of $300,000 and also expense of items sold of $180,000. During the current year, Bottom offered merchandise to Top for $100,000. The parent still possesses 40 percent of this inventory at the existing year-finish. Bottom had actually establiburned the carry price based upon its normal gross profit rate. What are the consolidated sales and also price of items sold?
Angela, Inc., holds a 90 percent interest in Corby Company. During 2017, Corby offered inventory costing $77,000 to Angela for $110,000. Of this inventory, $40,000 worth was not marketed to outsiders till 2018. Throughout 2018, Corby offered inventory costing $72,000 to Angela for $120,000. A total of $50,000 of this inventory was not offered to outsiders until 2019. In 2018, Angela reported separate net revenue of $150,000 while Corby"s net income was $90,000 after excess amortizations. What is the nonregulating interemainder in the 2018 revenue of the subsidiary?
prevalent stock Retained revenue (Ret Earn 1/1+NI-unrealized GP) Investment in sub (C/S + R/E * CI%) NCI (difference)
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