Question 14 1 pts A physical count of XYZ Company's inventory showed it had finished goods inventory of $250,000. The following items were excluded from this amount: Consignment inventory from $25,000 ABC Company Goods in transit to a $10,000 customer, FOB destination Goods in transit from one of XYZ's suppliers, FOB shipping $12,000 point Obsolete inventory that $ 2,000 cannot be sold Based on this information, XYZ Company should show its ending inventory balance on the balance sheet at: $260,000 $272,000 $275,000 $299,000 Question 15 1 pts On January 1, 2014, Jabba Inc. paid $1,000,000 for a 35% ownership interest in Hutt Corporation. As a result of the purchase, Jabba has significant influence over Hutt. During the calendar year 2014, Hutt reported net income of $300,000 and paid dividends of $30,000. Jabba recorded these transactions using the equity method. What is the ending balance of the Investment in Hutt account on Jabba's statement of financial position at its Dec 31, 2014 year end? 1,094,500 O 1,075,000 1,105,000 1,115,500 Question 21 1 pts Accumulated other comprehensive income includes current year's net income all previous debits and credits to other comprehensive income all previous credits to other comprehensive income