tion 30 The elimination entry under the perpetual inventory system for intercompany sales is a debit to sales and a credit to Cost of goods sold et ered Select one: ed out of True False ag question m 31 out of West, Inc. holds 100 % of the common stock of Coast Company, an investment acquired for $680,000. Immediately following the combination, West's net assets have a book value of $1,150,000 and a fair value of $1,390,000. The book value and the fair value of Coast's net assets on the date of combination are $400,000 and $550,000, respectively. Immediately following the combination, a consolidated balance sheet is prepared Based on the information given above, what will be the amount of total consolidated stockholders' equity be reported in the consolidated balance sheet prepared immediately following the combination question Select one: a. 1,550,000 b. 1,150,000 c. 1,390,000 d. 1700,000