Question: instead of posting the incorrect answer for the 4th time please get me someone who isn't a moron Power Products Corporation, which sells a broad

 instead of posting the incorrect answer for the 4th time please

get me someone who isn't a moron Power Products Corporation, which sells

instead of posting the incorrect answer for the 4th time please get me someone who isn't a moron

Power Products Corporation, which sells a broad line of home detergent products, owns 75 percent of the stock of Scrub Soap Company. During 20x8, Scrub sold soap products to Power Products for $180,000, which it had produced for $120,000. Power Products sold $150,000 of lis purchase from Scrub in 208 and the remainder in 209. In addition, Power Products purchased $240,000 of inventory from Scrub in 209 and resold $90,000 of the ltems before year-end. Scrub's cost to produce the items sold to Power Products in 209 was $160,000 Required: 0. Prepare the worksheet consolidation entries needed for December 31,209, to remove the effects of the intercompany inventory transters in 208 and 209 Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. b. Compute the amount of income assigned to noncontrolling shareholders in the 208 and 209 consolidated income statements if Scrub repolted ne income of 4350,000 for 208 and $120,000 for 209

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