24. P Corporation has several subsidiaries (A. B. and C) that are included in its consolidated financial statements. In its year end separate balance sheets, P Corporation had the following intercompany balances before eliminations: Credit Debit $ 40,000 Current Receivable due from A Noncurrent Receivable due from B Cash Advance to B Cash Advance from C 100,000 26,000 75,000 40,000 Intercompany Payable to C In its year end consolidated balance sheet, how much should P Corporation report as intercompany b. $51,000 receivables? c. $26,000 d. $0 a. $166,000 25. A parent company should compute consolidated net income for itself and its 80%-owned subsidiary by eliminating which of the following unrealized profits related to intercompany inventory sales made during the current year? [CI = Controlling Interest and NCI = Non- controlling Interest] Downstream a. all unrealized profit b. all unrealized profit c. Cl's share of unrealized profit d. all unrealized profit Upstream all unrealized profit Cl's share of unrealized profit Cl's share of unrealized profit NCI's share of unrealized profit