P Company owns 70% of S Company's common stocks acquired on January 1, 2016. S regularly sells merchandise to P at 150% of its cost. P's December 31, 2016 and 2017 inventories include goods purchased inter-company of P450,000 and P132,000, respectively. The separate incomes of the affiliates are summarized as follows: (Year 2017) P S Sales 4,800,000 3,200,000 Cost of Sales (2,400,000) (2,000,000) Operating Expenses (1,600,000) (400,000) Separate Incomes 800,000 800,000 What is the consolidated net income attributable to minority interest for 2017? Activate Windows Go to Settings to activate WF Corporation sold equipment to its 80% owned subsidiary, R Corp., on January 1, 2016. F sold the equipment for P110,000 when its book value was P85,000 and it had a 5-year remaining useful life with no expected salvage value. Separate balance sheets for F and R included the following equipment and accumulated depreciation amounts on December 31, 2016. F R Equipment 750,000 300,000 Accumulated Depreciation (200,000) (50,000) Equipment - net 550,000 250,000 What is the consolidated amount for at December 31, 2016? Which of the following items will affect both consolidated net income attributable to parent shareholders and noncontrolling interest in net income? 0 Realized loss on upstream transaction 0 Gain on bargain purchase 0 Dividend income from subsidiary Q Realized gain on downstream transaction