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1. What is the total of consolidated operating expenses? 2. What is the total of consolidated cost of goods sold? 3. What is the consolidated

1. What is the total of consolidated operating expenses? 2. What is the total of consolidated cost of goods sold? 3. What is the consolidated total of noncontrolling interest appearing in the balance sheet? 4. What is the consolidated total for equipment (net) at December 31, 2018?

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Required Information On January 1, 2018, Pride, Inc. acquired 80% of the outstanding voting common stock of Strong Corp. for $364,000. There is no active market for Strong's stock. Of this payment, $28,000 was allocated to equipment (with a five-year life) that had been undervalued on Strong's books by $35,000. Any remaining excess was attributable to goodwill, which has not been impaired As of December 31, 2018, before preparing the consolidated worksheet, the financial statements appeared as follows: Pride, Inc. Strong Corp. Revenues Cost of goods sold 420, 000 $ 280, 006 Operating expenses (196, 000) (112, 000) (28, 000) (14, 060) Net income 196, 000) $ 154, 000 Retained earnings, 1/1/18 420, 000 $ 210, 000 Net income ( above ) 196, 000 154, 000 Dividends paid Retained earnings, 12/31/18 6 616, 000 $ 364, 000 Cash and receivables 294, 000 $ 126, 000 Inventory 210, 000 154, 000 Investment in Strong Corp 364, 000 Equipment (net ) 616, 000 420,000 Total assets $ 1, 484, 000 $ 700, 000 Liabilities 588, 000 $ 196, 000 Common stock 280, 060 140, 000 Retained earnings, 12/31/18 (above) 616, 900 364, 000 Total liabilities and stockholders' equity $ 1, 484, 000 $ 700, 000 During 2018. Pride bought inventory for $112.000 and sold it to Strong for $140.000. Only half of the inventory purchase price had been remitted to Pride by Strong at year-end. As of December 31, 2018, 60% of these goods remained in the company's possession

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