Question 22 1 pts On January 1, 2014 Saffron Co. recorded a $40,000 profit on the upstream sale of some equipment that had a remaining four-year life under the straight-line depreciation method. The equipment has no salvage value. Saffron had separate income of $100,000 in 2014. The parent company, Pommel Incorporated, owns 90% of Saffron. Pommel would report investment income from Saffron in 2014 of O $90,000. O $54,000. O $126,000. O $63,000.Question 23 1 pts On January l= 2014 Pommel Corp. recorded a 840,000 prot on the downstream sale of some equipment to its 90% subsidiary= Saffron. The equipment had a remaining fouryear life under the straight-line depreciation method. The equipment has no salvage value Saffron had separate income ofSlUUUU in 201-1- Pommel would report investment income from Saffron in 2014- of {:2- 850:000, -:':':- 5601300. 5541300. 861000. Question 24 Working paper eliminating entries for consolidation should be recorded in: O Subsidiary's book only O Parent's book only O Neither parent nor subsidiary's books O Both parent and subsidiary' books O I do not know.Question 25 1 pts ABC Corporation does not have a significant influence over its 18% investment in Yazd Corporation. If Yazd completed a fiscal year profitably but paid no dividends, how these affect the ABC's accounting books? O Has absolutely no effect on ABC's books O Result in an increased current ratio O Decrease book value per share. O Result in increased earnings per share