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Player Company acquired 6 0 percent ownership of Scout Company's voting shares on January 1 , 2 0 2 . During 2 0 5 ,
Player Company acquired percent ownership of Scout Company's voting shares on January During Player purchased inventory for $ and sold the full
amount to Scout Company for $ On December Scout's ending inventory included $ of items purchased from Player. Also in Scout purchased
inventory for $ and sold the units to Player for $ Player included $ of its purchase from Scout in ending inventory on December
Summary income statement data for the two comanies revealed the following:
a Compute the amount to be reported as sales in the X consolidated income statement.
Note: Use cells A and D from the given information to complete this question.
b Compute the amount to be reported as cost of goods sold in the consolidated income statement.
Note: Use cells A and D from the given information to complete this question.
c What amount of income will be assigned to the noncontrolling shareholders in the consolidated income statement?
Note: Use cells A and D from the given information to complete this question.
d What amount of income will be assigned to the controlling interest in the X consolidated income statement?
Note: Use cells A and D from the given information to complete this question.
Please show the compuations for the yellow cells.
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