Player Company acquired 70 percent ownership of Scout Company's voting shares on January 20x2. During 2035. Player purchased inventory for $24.000 and sold the full amount to Scout Company for $34000. On December 31, 2005, Scout's ending Inventory included $6,800 of tems purchased from Player Also in 20x5, Scout purchased Inventory for $56,000 and sold the nesto Player for $86,000 Player included $21.500 of its purchase from Scout in ending inventory on December 31, 2005 Summary income statement data for the two companies revealed the following P. Tales 6371,00 $ 210,000 Inten tren cost 32.00 Cot da so 27.000 3120,000 other experien 33,000 Totale BOGOT et te 1110,00 357.000 0.000 Required: a Compute the amount to be reported as sales in the 20x5 consolidated income statement Cated to Compute the amount to be reported a cost of goods sold in the 20x5 consolidated income statement. (Do not round intermediate calculations.) Cinco What amount of income will be assigned to the no controlling shareholders in the 2015 consolidated income statemeve? (Do not round intermediate calculations.) 6 Compute the amount to be reported as cost of goods sold in the 20x5 consolidated income statement (Do not round Intermediate calculations.) Cuad COGS c. What amount of income will be assigned to the noncontrolling shareholders in the 20x5 consolidated income statement? (Do not round intermediate calculations.) d. What amount of income will be assigned to the controlling interest in the 20x5 consolidated Income statement? (Do nor round Intermediate calculations.) Income to come interest Player Company acquired 70 percent ownership of Scout Company's voting shares on January 20x2. During 2035. Player purchased inventory for $24.000 and sold the full amount to Scout Company for $34000. On December 31, 2005, Scout's ending Inventory included $6,800 of tems purchased from Player Also in 20x5, Scout purchased Inventory for $56,000 and sold the nesto Player for $86,000 Player included $21.500 of its purchase from Scout in ending inventory on December 31, 2005 Summary income statement data for the two companies revealed the following P. Tales 6371,00 $ 210,000 Inten tren cost 32.00 Cot da so 27.000 3120,000 other experien 33,000 Totale BOGOT et te 1110,00 357.000 0.000 Required: a Compute the amount to be reported as sales in the 20x5 consolidated income statement Cated to Compute the amount to be reported a cost of goods sold in the 20x5 consolidated income statement. (Do not round intermediate calculations.) Cinco What amount of income will be assigned to the no controlling shareholders in the 2015 consolidated income statemeve? (Do not round intermediate calculations.) 6 Compute the amount to be reported as cost of goods sold in the 20x5 consolidated income statement (Do not round Intermediate calculations.) Cuad COGS c. What amount of income will be assigned to the noncontrolling shareholders in the 20x5 consolidated income statement? (Do not round intermediate calculations.) d. What amount of income will be assigned to the controlling interest in the 20x5 consolidated Income statement? (Do nor round Intermediate calculations.) Income to come interest
