on 36 For upstream sales the total amount of unrealized gains and losses are allocated between controlling and noncontrolling interest shares ed Select one: out of True False question 37 X co, purchased 100% of Y Common stock at 1/1/2020 for $ 300,000 on the same date the y co stock was $ 100,000 and retained earning $120,000 , at acquisition date the net assets of y co. book value was equal to fair value except ( inventory FV more than BV of $26,000) and (land its FV more than BV10,000 ) (Building its FV more than BV by $ 14,000) but ( equipment its FV less than B v by $10,000) if y co. reported $160,000 net income for 31/12/2020 and paid $ 60,000 dividends ut of uestion Other information 1- the y inventory completely sold during 2020 2- the building useful life was 7 years, but equipment 5 years 3- there is no impairment for goodwill during 2020 what is amount of investment in parents co balance sheet on 31/12/2020 Select one: a. 300,000 b. 374,000 c. 426,000 d. 400,000