Remaining Time: 55 minutes, 40 seconds. Question Completion Status Cick Submit to complete this assessment. Question 6 1 points Question 6 of 6 Following are two Tl consolidation entries prepared by Khalid in an upstream transfer when (a) the subsidiary is wholly owned and (b) the subsidiary is partially owned (80%). The goods are transferred at cost in the amount of $200,000. (a)-TI (subsidiary is wholly owned) Sales Cost of Goods Sold (b)-IL (subsidiary 80% owned) Sales Cost of Goods Sold Required: Give your comments on the answer. for the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac BIVS Paragraph Arial 10pt x x 8 8 0 - 200,000 200,000 160,000 160,000 5 ALI X BB Activate Windows