As an expert accountant answer the following separate questions:

Questions:

1. On October 15^th, 2020 A paid $1,500,000 cash to purchased 90% of Bs net FMV of assets which equal to $1,000,000. What we called the 10% remaining balance of the net assets and in which financial statement it will appear (2.5 Points)

2. Jalal subsidiary corporation purchase goods from Rami subsidiary corporation cost $50,000. What is the type of this transaction? Why? (2.5 Points)

3. Calculate the Parent company from the subsidiarys net income if a 90%-owned subsidiary; purchased a land from parent Company at selling price $100,000, (cost of land $80,000). During the next year, the subsidiary Company sold the land at $110,000. Net income for subsidiary Company for 2 years was: $50,000; and $40,000, respectively. (2.5 Points)