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Could someone help me with 14 and 15? Thank you! 2. On the consolidated income statement, what amount should be reported as sales revenue? $1,700,000

image text in transcribedCould someone help me with 14 and 15? Thank you!
2. On the consolidated income statement, what amount should be reported as sales revenue? $1,700,000 b. $1,170,000 1,400,000 $1,550,000 3. On the consolidated income statement, what amount should be eliminated from cost of goods sold? $250,000 b. $200,000 C. $400,000 d. $350,000 14. owns 100% of the common stock of situations will cause to report Earnings from S of less than $100,000 EXCEPT reports net income for the year 2018 ors 100,000 EACH ofthe foll The purchase price paid by included a patent not recorded by E sold product downstream during the year, some of which was left in inventory at year-end No increase in fair market value of depreciable assets was in the purchase price. Some of the goodwill included in the purchase price was impaired during the year 15. Paris Company had sales revenue for 2018 of S2.500 000 including sales of$800,000 to its 80% owned subsidiary, Seattle, Inc. Seattle had sales revenue of S1,200,000 including sales of $350,000 to Paris. What amount of sales revenue will appear on the consolidated income statement? a. $4,620,000 b. S3,250,000 $2,710,000 o$2.550,000 Use the following information to answer the next 4 questions. Pare Company bought 5% of the common stock of Slice, Inc. at its share of underlying book value. Balance sheet data just after the combination is as follows. Pare Company Slice, Inc. Total Assets Sales 2,50200 Liabilities Common stock Retained earnings200.000 $120,000 100,000 560,000 30,000 n 6. How much is reported as consolidated total assets? a. $690,000 b. $570,000. C c.)$510,000. d. $540,000. 17. What amount is reported as common stock in the consolidated balance sheet? a. $150,000 $100,000 c. $130,000, d. $180,000. 18. In a consolidated balance sheet at the date of combination, the non-controlling interest share of equity should reported as a. $105,000 5,000. c $30,000. 9. How much is reported as total owners' equity in the consolidated balance sheet? b. $420,000. $3 c. $390,000, $330,000. C5 P5 so 70

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