During year 7, Brother company sold inventory, which cost it $8,000, to its subsidiary, sister company, for $12,000. At the end of year 7, sister had $6,000 of the intercompany goods still on its books. The balance had been resold to the intercompany unaffiliated customers for $12,000. Which one of the following is the amount of ending inventory that should be eliminated for consolidated statements? $8,000 $6,000 $4,000 $12,000 During year 7, Brother company sold inventory, which cost it $8,000, to its subsidiary, sister company, for $12,000. At the end of year 7, sister had $6,000 of the intercompany goods still on its books. The balance had been resold to the intercompany customers for $12,000. Which one of the following is the amount of intercom pany sales that should be eliminated for 200X consolidated statements? $18,000 $27,000 $12,000 $24,000 For consolidated purpose, what effects will be intercompany sale of fixed asset at a profit or at aloss have on depreciation expense recognized by the buying affiliate? At a profit At a loss Overstate Understate Overstate Overstate Understate Understate Scroll, Inc., a wholly owned subsidiary of pirn, inc., began operations on january 1, year 5. The following information is from the condensed year 5 income statements of pirn and scroll