20 yamwered Marie A subsidiary sells merchandise to its parentata markup of 25 on cost in the current year, the parent paid $800.000 for merchandise received from the subsidiary, bly year end the parent had sold 3625.000 of the merchandise to outside customers for $850,000, but still holds the other $175.000 in its ending inventory Which statement is fake concerning the information related to these merchandise sales reported on the consolidated financial statements for the current year? Select one A Eliminating entries on the consolidation working paper reduce cost of rods sold by anet amount of $800.000 O B. Consolidated ending inventory is $140,000 C. Consolidated cost of goods sold is $500.000, D. Consolidated sales are $850.000