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QUESTIONS 11-16!!!

Use the following data for Problems 11-16: On January 1, Jarel acquired 80 . percent of the outstanding voting stock of Suarez for 5260,000 cash consideration. The remaining 20 percent of Suarez had an acquisition-date fair value of 565,000On January 1, Suarez possessed equipment (five-year temaining life) that was undervalued on its books by $25,000. Suarez also had doveloped several secret fommulas that Jasel assessed at $50.000. Those formulas, although not recorded on Suarez's financial records, were estirmated io have a 20 year future tife As of December 31, the financial statements appeared as follows Included in the preceding statements, Jarel sold inventory costing $60,000 to Suarez for $100,000. Of these goods, Suarez still owns 60 percent on Decembe 11. What is the total of consolidated revenues? a 5500,000 b $460,000 c. 5420.000 d $400,000 (.0 5.2,5-3 12. What is the total of consolidated cost of goods sold? a. $140.000 b. $152,000 0.5132 .000 d. 5145.000 10313 (Chapter 3) 13 What is the fotal of consolidated expenses? a. $30,000 b. $36,000 c. 537,500 d. $39,000 L. 5.5 14. What is the consolidated total of noncontroling interest appearing on the balance sheet? a 585.500 b. 583,100 c 567,000 d570500 15. What is the consolidated total for equipment (net) at December 31 ? a $735.000 b. $740.000 c. $760,000 d $765,000 LO53 16. What is the consolidated total for inventory at December 31 ? a. $240,000 b. $248,000 c. 5250.000 d. $260,000