I paid for a membership after seeing a document online that had answers and explanations. I definitely got ripped off because after opening the document, it's completely blank of all the answers. Click Bait Switch. I'm definitely cancelling my membership. How terrible.

[QUESTION]

REFER TO: 05-04

24.What is the total of consolidated revenues?

A)$700,000.

B)$644,000.

C)$588,000.

D)$560,000.

E)$840,000.

[QUESTION]

REFER TO: 05-04

25.What is the total of consolidated operating expenses?

A)$42,000.

B)$47,600.

C)$53,200.

D)$49,000.

E)$35,000.

[QUESTION]

REFER TO: 05-04

26.What is the total of consolidated cost of goods sold?

A)$196,000.

B)$212,800.

C)$184,800.

D)$203,000.

E)$168,000.

REFER TO: 05-04

27.What is the consolidated total of noncontrolling interest appearing in the balance sheet?

A)$100,800.

B)$97,440.

C)$93,800.

D)$120,400.

E)$117,040.

REFER TO: 05-04

28.What is the consolidated total for equipment (net) at December 31, 2018?

A)$952,000.

B)$1,058,400.

C)$1,069,600.

D)$1,064,000.

E)$1,066,800.

REFER TO: 05-04

29.What is the consolidated total for inventory at December 31, 2018?

A)$336,000.

B)$280,000.

C)$364,000.

D)$347,200.

E)$349,300.

[QUESTION]

30.Which of the following statements is true regarding an intra-entity transfer of land?

A) A loss is always recognized but a gain is deferred in a consolidated income statement.

B) A loss and a gain are deferred until the land is sold to an outside party.

C) A loss and a gain are always recognized in a consolidated income statement.

D) A gain is always recognized but a loss is deferred in a consolidated income statement.

E) Recognition of a gain or loss is deferred by adjusting stockholders' equity through comprehensive income.