The following are several figures reported for Allister and Barone as of December 31, 2021: Allister Barone $ 510,000 $310,000 Inventory Sales Investment income Cost of goods sold Operating expenses 1,020,000 820,000 not given 510,000 410,000 235,000 305,000 Allister acquired 90 percent of Barone in January 2020. In allocating the newly acquired subsidiary's fair value at the acquisition date, Allister noted that Barone had developed a customer list worth $80,000 that was unrecorded on its accounting records and had a five-year remaining life. Any remaining excess fair value over Barone's book value was attributed to goodwill. During 2021, Barone sells inventory costing $131,000 to Allister for $182,000. Of this amount, 15 percent remains unsold in Allister's warehouse at year- end. Determine balances for the following items that would appear on Allister's consolidated financial statements for 2021: Inventory Sales Cost of goods sold Operating expenses Net income attributable to noncontrolling interest Amounts $ 812,350 $ 1,658,000

The following are several figures reported for Allister and Barone as of December 31, 2021:     Allister Barone Inventory $ 580,000 $ 380,000 Sales   1,160,000   960,000 Investment income not given     Cost of goods sold   580,000   480,000 Operating expenses   270,000   340,000     Allister acquired 90 percent of Barone in January 2020. In allocating the newly acquired subsidiary's fair value at the acquisition date, Allister noted that Barone had developed a customer list worth $72,000 that was unrecorded on its accounting records and had a six-year remaining life. Any remaining excess fair value over Barone's book value was attributed to goodwill. During 2021, Barone sells inventory costing $138,000 to Allister for $196,000. Of this amount, 20 percent remains unsold in Allister's warehouse at year-end.   Determine balances for the following items that would appear on Allister's consolidated financial statements for 2021:

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The following are several figures reported for Allister and Barone as of December 31, 2021:     Allister Barone Inventory $ 600,000 $ 400,000 Sales   1,200,000   1,000,000 Investment income not given     Cost of goods sold   600,000   500,000 Operating expenses   280,000   350,000     Allister acquired 90 percent of Barone in January 2020. In allocating the newly acquired subsidiary's fair value at the acquisition date, Allister noted that Barone had developed a customer list worth $76,000 that was unrecorded on its accounting records and had a five-year remaining life. Any remaining excess fair value over Barone's book value was attributed to goodwill. During 2021, Barone sells inventory costing $140,000 to Allister for $200,000. Of this amount, 15 percent remains unsold in Allister's warehouse at year-end.   Determine balances for the following items that would appear on Allister's consolidated financial statements for 2021: Inventory  Sales Cost of Goods Sold…

The following are several figures reported for Allister and Barone as of December 31, 2021:     Allister Barone Inventory $ 500,000 $ 300,000 Sales   1,000,000   800,000 Investment income   not given     Cost of goods sold   500,000   400,000 Operating expenses   230,000   300,000     Allister acquired 90 percent of Barone in January 2020. In allocating the newly acquired subsidiary’s fair value at the acquisition date, Allister noted that Barone had developed a customer list worth $78,000 that was unrecorded on its accounting records and had a four-year remaining life. Any remaining excess fair value over Barone’s book value was attributed to goodwill. During 2021, Barone sells inventory costing $130,000 to Allister for $180,000. Of this amount, 10 percent remains unsold in Allister’s warehouse at year-end.   Determine balances for the following items that would appear on Allister’s consolidated financial statements for 2021: What is cost of goods sold?

Following are several figures reported for Allister and Barone as of December 31, 2021:   Allister Barone Inventory $   500,000 $300,000 Sales  1,000,000  800,000 Investment income not given    Cost of goods sold 500,000  400,000 Operating expenses 230,000  300,000   Allister acquired 90 percent of Barone in January 2020. In allocating the newly acquired subsidiary’s fair value at the acquisition date, Allister noted that Barone had developed a customer list worth $78,000 that was unrecorded on its accounting records and had a 4-year remaining life. Any remaining excess fair value over Barone’s book value was attributed to goodwill. During 2021, Barone sells inventory costing $130,000 to Allister for $180,000. Of this amount, 10 percent remains unsold in Allister’s warehouse at year-end.   Required: Determine balances for the following items that would appear on Allister’s consolidated financial statements for 2021: Inventory  Sales…

The following are several figures reported for Poyer and Sutter as of December 31, 2024: Sutter $ 250,000 700,000 Items Inventory Sales Investment income Cost of goods sold Operating expenses Poyer $ 450,000 900,000 450,000 205,000 350,000 275,000 Poyer acquired 90 percent of Sutter in January 2023. In allocating the newly acquired subsidiary's fair value at the acquisition date, Poyer noted that Sutter had developed a unpatented technology worth $68,000 that was unrecorded on its accounting records and had a five-year remaining life. Any remaining excess fair value over Sutter's book value was attributed to an indefinite-lived trademark. During 2024, Sutter sells inventory costing $125,000 to Poyer for $170,000. Of this amount, 15 percent remains unsold in Poyer's warehouse at year-end. Required: Determine balances for the following items that would appear on Poyer's consolidated financial statements for 2024: Note: Input all amounts as positive values. a. Inventory b. Sales c. Cost…

The following are several figures reported for Allister and Barone as of December 31, 2021 Allister Barone $ 600,000 $ 400,000 1,200,000 1,000,000 not given 600,000 280,000 Inventory Sales Investment income Cost of goods sold Operating expenses 500,000 350,000 Allister acquired 90 percent of Barone in January 2020. In allocating the newly acquired subsidiary's fair value at the acquisition date Allister noted that Barone had developed a customer list worth $76,000 that was unrecorded on its accounting records and had a five- year remaining life. Any remaining excess fair value over Barone's book value was attributed to goodwill. During 2021, Barone sells inventory costing $140,000 to Allister for $200,000. Of this amount, 15 percent remains unsold in Allister's warehouse at year-end Determine balances for the following items that would appear on Allister's consolidated financial statements for 2021 4 Inventory Sales Cost of goods sold Operating expenses Net income attributable to…

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