69. A parent owns 80% of its subsidiary, and sells merchandise to its subsidiary at a 25% markup on cost. The subsidiary's ending inventory includes $750,000 purchased from the parent. The subsidiary's beginning inventory includes $825,000 purchased from the parent. What is the effect of the above on the parent's equity in net income of the subsidiary for the current year? a. P15,000 increase b. P12,000 increase 70 Yukor Co 27597 C. P15,000 decrease d. no effect ont of the voting common stock of Ontario Corn on January 1

Help for parts D, E,F

4

Pizza Factory Company owns 100% controlling interest in its long held subsidiary; The Sugar Company and they use the Equity Method.                               Pizza Factor sells inventory to Sugar Company for a 25% Gross Profit.                   During 2019 and 2020, intercompany sales amounted to:                      Intercompany Sales:                       2019                                 840,000                       2020                                 930,000                                                 At the end of 2019, Sugar Company had one-fifth of the goods purchased that year from Pizza Factory in its ending inventory.        At the end of 2020, Sugar Company's 2020 ending inventory contained one-fourth of that year’s purchases from Pizza Factory.        There were no intercompany sales prior to 2019.                                             Prepare in general journal form all entries necessary on the consolidated statements…

4. Jackson company owns 80% of Canton corporation's common stock during October canceled merchandise to Jackson for $250,000 at December 31, 40% of the merchandise remains in Jackson's inventory gross profit percentage is 120% for Jackson and 30% for Canon the amount of intra- entity gross profit in inventory at December 31 That should be eliminated in the consolidation process is a. Zero b. $24,000, c. $75,000 d. $30,000