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Pistol Corporation acquired 7 0 percent of Scope Corporation's voting stock on May 1 8 , 2 0 1 . The companies reported the following
Pistol Corporation acquired percent of Scope Corporation's voting stock on May The companies reported the following data with respect to intercompany sales in
and x:
Pistol reported operating income excluding income from its investment in Scope of $ and $ in and respectively. Scope reported net income of $
and $ in and respectively.
Required:
Compute consolidated net income for
Note: Use cells A and H from the given information to complete this question.
Compute the inventory balance reported in the consolidated balance sheet at December for the transactions shown.
Note: Use cells and from the given information to complete this question.
Compute the amount included in consolidated cost of goods sold for X relating to the transactions shown.
Note: Use cells A and H from the given information to complete this question.
Compute the amount of income assigned to the controlling interest in the consolidated income statement.
Note: Use cells A and H from the given information to complete this question.
Please show computations for the yellow cells by using cells from A to H
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