In 2012, parent reports Cost of Goods Sold of $4,000,000. Its 90% o subsidiary reports Cost of Goods Sold of $1,000,000 in 2012. During 2011 subsidiary had $60,000 of unrealized gains on intercompany sales to its par 2012, the subsidiary had sold $200,000 of goods to its parent and had $30 unrealized gains. How much is consolidated cost of goods sold in 2012. wned (6) of O 7,) Same facts as problem 19. Assume in 2012 the subsidiary had net income oe 2012 S150,000. What is the noncontrolling interest in subsidiary net income in of the investment on January 8, Adams owns 80% of Williams and the carrying value 1, 2012 is $600,000. On that date Adams sells half of its shares for $250,000. y journal entry is recorded at that date. 9. Same facts as #21 except that Adams sells 20% of its investment for $150,000 reducing its ownership to 60%. What Journal entry is recorded by Williams at that date. 10, Harry purchases 80% of David by paying $50 a share for 40,000 of David. The remaining 10,000 shares of David are held by minority shareholders and are worth $40 per share both before and after the acquisition. Assume that 100% of the FVNAA of David at date of acquisition is $2,200,000. a. Calculate goodwil b. How much goodwill is allocated to the controlling interest and how much to the noncontrolling interest