advanced accounting

QUESTION 4 During 2019. Parent Co shows a profit of $70,000 and Subsidiary Co (100% owned shows a profit of 540.000. Intra-entity transactions for 2019 and 2020 were as follows: Sales Cost of sales Balance remaining in inventory at Dec 31 2019 40,000 20.000 10 000 2020 80,000 40.000 20.000 The correct amount of consolidated profit for 2020 is: A $115,000 B. 5105,000 C $110,000 D. $120,000 QUESTION 5 Denber Co acquired 60% of the common stock of Kailey Corp on June 30, 2019 For 2019. Kailey reported revenues of 5820.000 and expenses of $610.000 all reflected evenly throughout the year. The annual amount of amortization related to this acquisition was $15,000. What is the effect of including Kalley in consolidated net income for 20197 A $120,000 B 566,000 CS78.700 D. 597 500 E 562 500 QUESTION 6 Click Save and Submit to save and submir. Click Save All Amers to see all a Save As Ars