Question: please answer the below Use the foliowingt dati for Problems 11=16 Oa January 1 , Jarel acqured 80 percent of the outsianding woting stock of



Use the foliowingt dati for Problems 11=16 Oa January 1 , Jarel acqured 80 percent of the outsianding woting stock of Suacer tie 4261 pud cash considemation. The remaining 20 percent of Suarez had an scquilylition-date fair value of trojico) On Januery I. Suarez. Dosncsecd cuuipment (five-year remaining life) thai was weincrentual ina ify These formulas, although not recorded on Suarez's financial recritds, were estimeicd its hav ab 20-year future life. As of December 31, the fitancial etatements appeared as follows: 13. What is the total of comsolidared expenses? a. $30,000 b. $36,000 c. $97,500 d. $39,000 14. What is the consolidated total of noncontrolling interest appearing on the balance sheet? a. 585,500 b. $83,100 c. $87,000 d. 570,500 15. What is the consolidated total for equipment (net) at December 31 ? a. $735,000 b. $740,000 c. $760,000 d. $765,000 16. What is the consolidated total for inventory at December 31 ? a. $240,000 b. $248,000 c. 5250,000 d. $260,000 Use the foliowing deta for Problems 1116 : considention. The remaining 20 percent of Suarez had an acquisition-date fair value of fromon On January 1. Suarez posscssed equioment (five-year remaining life) thai was teticrvilued wi ith books by $25,000. Suares also had developed several secret formulas that farel nsscswed ai 350, in0. These formulas, aithough not recorded on Suarez's financial records, vere estimatod (i) have of 20-year future life. As of December 31, the financial statements apoeared as follows: 11. What is the total of consoiddated reventies? a. $500,0.00 b. $460.000 c. $420,000 d. $400,000 12. What is the total of consolidated cost of goods sold? a. $140,000 b. $152,000 c. $132,000 d. $145,000 13. What is the toral of consolidared expenses? a. $30,000 b. $36,000 c. $37,500 d. $39,000 14. Whar is the consolidated total of noncontrolling interest appearing on the balance sheet? a. $85,500 b. $83,100 c. $87,000 d. $70,500 15. What is the consolidared total for equipment (net) at December 31 ? a. $735,000 b. $740,000 c. $760.000 d. $765,000 16. What is the consolidated total for inventory at December 31 ? a. $240,000 b. $248,000 c. $250,000 d. $260,000
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