Question 1 Not vet answered Marked out of 1.00 Flag question What are upstream sales? Select one: a. Sales made by a parent to a subsidiary b. Sales made by a subsidiary to a parent c. Sales made by a subsidiary to another subsidiary d. Any sales made from one any company to another Question 2 Not yet answered Marked out of 1.00 P Flag question W co. holds 80% of the common stock of C Company, an investment acquired for $680,000. Immediately following the combination, W net assets have a book value of $1,150,000 and a fair value of $1,390,000. The book value and the fair value of C net assets on the date of combination are $400,000 and $610,000, respectively. Immediately following the combination, a consolidated balance sheet is prepared Based on the information given above, goodwill will be reported in the consolidated balance sheet in the amount of Select one: O a. 270,000 O b. 240,000 c. 150,000 d. 300,000