Moving to another question will save this response. Question 2 of 12 > Question 2 2 points Save Answe Parkson Co. holds 75% of the outstanding stock of Zxson Co. Zxson currently owes Parkson $400,000 for inventory acquired over the past few months in preparing consolidated financial statements, what amount of this debt should be eliminated? A. $300,000 B. $0 O C. $400,000 O D. $250000 stion 3 2 points Save Answer Casio Co. paid 2.400.000 to acquire all of the common stock of Nex Corp. on January 1, 2021. Nex's reported earnings for 2012 totaled S432,000, and it paid $120,000 in dividends during the year The amortization of allocations related to the investment was $24,000. Casio's net income, not including the investment, was $3,180,000, and it paid dividends of $900,000. On the consolidated financial statements for 2021 what amount should have been shown for consolidated dividends? A. 5876,000 O B. $99.600 O C. $1,020.000 D. $900.000 Question 4 2 points Save Ang On January 1, 2021. Oayz Company acquired all the outstanding ownership shares of Zeem Company. In assessing Zeem's acquisition-date fair values, Oayz concluded that the carrying value of Zeem's long-term debt (8-year remaining life) was less than its fair value by $22.400. On December 31, 2021, Zeem Company's accounts show interest expense of $14,430 and long-term debt of $390,000. What amounts of interest expense and long-term debt should appear on the December 31, 2021, consolidated financial statements of Dayz and its subsidiary Zeem? Interest expense Long-term debt a $17,230 $412,400 b $17.230 $409,600 . $11,630 $412,400 d. $11,630 $409,600 O A. Option C B. Option D O C. Option A OD. Option B Save Answer Question 6 2 points When Al-Haram Co acquired 75% of the common stock of Lulu Co Lulu Co owned land with a book value of $70.000 and a fair value of $100,000 What is the total amount of excess land allocation at the acquisition date? O A. $30.000 O B. $70,000 O C. $100,000 OD, $170.000