C 13 G H T N 2 The fair value of the NC Interest was $80,000 urithal dale. Little's book value was $400,000, and all assets and liabilitics had fair valucs equal to book value 1) What is the value in cal 187 5 During 2022 and 2023, Little sold merchandise to Big for subsequent resale. These intercompany sales were as follows: 6 Year Sales price Cost Resold in 2022 Resold in 2023 Resold in 2024 7 2022 100,000 90,000 40% 50% 10% 3 2023 140,000 105,000 n/a 2014 9 10 11 What is the value in cel F19? O What is the value in cel F237 What is the value in cel 317 1 What is the value in cal 897 o What is the value in cel 1117 O What is Ure value in el F45? D What is the value in cal F497 What is the value in cal 527 What is the value in celr577 o What is the value in cel 1657 12 12 At the end of 272 and 2023, the consolidation worksheets below are provided 14 Prepare appropriate elimination entries and complete the worksheets, and answer the questions provided 15 16 17 2022 18 Sales 19 Cost of Goods sold 20 Cother expenses 21 Investment income 22 Net income 23 Incorrelu NC Interes 24 Income to Controling interest Hig Little 500,000 350.000 300,000 200,000 100,CHEXI 15,00 50),400 150,400 75,000 300,000 250,000 150,400 75.000 450, AXI 325, AXN 26 Beginning / 27 Add: Incorne 28 Less: Dividends 29 Ending / 30 31 Inventory 32 Other current assets 13 Investment in Little 34 Cither : Acants 35 36 Liabilities 37 CS 33 RE 39 NC Interest 40 41 80,000 70,000 50,000 40.000 370,400 2500CHXII,IXIO 200,000 150.000 100,000 150,000 450,40X 323,IXIO 0 42 2023 Hig ittin 450,000 325,000 120,000 220,000 120CHXI 5,1X10 15,600 25,600 20.000 150,100 325,000 25,600 20,000 44 Sales 45 Cast of Goods sold 46 (ther expenses 47 Investment income 48 Net income 49 incurne lu NC Interest 30 Income to Controlling interest 51 52 Beginning R/E 53 Add: locurile 34 Less: Dividends 55 Ending 56 57 Inventory 58 Other currenlasses 59 Investment in Little 60 Other NC Assets 61 C2 Liabilities 63 CS 64 RH 65 NC interest 66 4/6, CHXI 345,X 80,000 70.000 50,000 40,000 28. XI 260),CXI 575,XIO 200,000 150.000 100,000 150,000 4E, III | 14 ||| 3 0 0 C 13 G H T N 2 The fair value of the NC Interest was $80,000 urithal dale. Little's book value was $400,000, and all assets and liabilitics had fair valucs equal to book value 1) What is the value in cal 187 5 During 2022 and 2023, Little sold merchandise to Big for subsequent resale. These intercompany sales were as follows: 6 Year Sales price Cost Resold in 2022 Resold in 2023 Resold in 2024 7 2022 100,000 90,000 40% 50% 10% 3 2023 140,000 105,000 n/a 2014 9 10 11 What is the value in cel F19? O What is the value in cel F237 What is the value in cel 317 1 What is the value in cal 897 o What is the value in cel 1117 O What is Ure value in el F45? D What is the value in cal F497 What is the value in cal 527 What is the value in celr577 o What is the value in cel 1657 12 12 At the end of 272 and 2023, the consolidation worksheets below are provided 14 Prepare appropriate elimination entries and complete the worksheets, and answer the questions provided 15 16 17 2022 18 Sales 19 Cost of Goods sold 20 Cother expenses 21 Investment income 22 Net income 23 Incorrelu NC Interes 24 Income to Controling interest Hig Little 500,000 350.000 300,000 200,000 100,CHEXI 15,00 50),400 150,400 75,000 300,000 250,000 150,400 75.000 450, AXI 325, AXN 26 Beginning / 27 Add: Incorne 28 Less: Dividends 29 Ending / 30 31 Inventory 32 Other current assets 13 Investment in Little 34 Cither : Acants 35 36 Liabilities 37 CS 33 RE 39 NC Interest 40 41 80,000 70,000 50,000 40.000 370,400 2500CHXII,IXIO 200,000 150.000 100,000 150,000 450,40X 323,IXIO 0 42 2023 Hig ittin 450,000 325,000 120,000 220,000 120CHXI 5,1X10 15,600 25,600 20.000 150,100 325,000 25,600 20,000 44 Sales 45 Cast of Goods sold 46 (ther expenses 47 Investment income 48 Net income 49 incurne lu NC Interest 30 Income to Controlling interest 51 52 Beginning R/E 53 Add: locurile 34 Less: Dividends 55 Ending 56 57 Inventory 58 Other currenlasses 59 Investment in Little 60 Other NC Assets 61 C2 Liabilities 63 CS 64 RH 65 NC interest 66 4/6, CHXI 345,X 80,000 70.000 50,000 40,000 28. XI 260),CXI 575,XIO 200,000 150.000 100,000 150,000 4E, III | 14 ||| 3 0 0