Question: please show all work 2 points Save Answer Patrick Corporation acquired 80 percent of the outstanding voting stock of Silver Company on January 1, 2020.

 please show all work 2 points Save Answer Patrick Corporation acquired

please show all work

2 points Save Answer Patrick Corporation acquired 80 percent of the outstanding voting stock of Silver Company on January 1, 2020. No excess fair value over book value amortization accompanied the acquisition Patrick sells Silver a building on January 1, 2020, for $116,000, although its book value was only $68,000 on this date. The building had a five-year remaining life and was to be depreciated using the straight-line method with no salvage value. Assume the amount of operating expenses reported in Patrick and Silver Company's 2021 individual financial record is $168,000 and $123,000, respectively. The amount of operating expenses that would appear on consolidated financial statement for 2021 would be. O $277,400 O $281,400 $291,000 $300 600

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