Refer to this data for questions 4-7 Peanut Butter Company routinely receives goods from its 80%-owned subsidiary, Sinnamon Corporation. In 20X4, Sinnamon sold merchandise that cost $70,000 to Peanut Butter for $90,000Hall of this merchandise remained in Peanut Butter's December 31, 20X4 inventory. This inventory was sold in 2005. During 20X5. Sinnamon sold merchandise that cost $150,000 to Peanut Butter for $210,000, One-third of the 2005 merchandise inventory remained in Peanut Butter's December 31, 20x5 inventory Selected income statement information for the two affiliates for the year 20x5 was as follows: Sinnamon $400,000 Sales Revenue Peanut Butter $500,000 350,000 50.000 260.000 Cost of Goods Sold Other Expenses Separate Net Incomes 70.000 _$70.000 $100.000 Contolidated cost of goods sold for at butter and Sinnamon for 20x5 was -Fagurttion Select one O $110.000 Ob $300,000 Oc5380,000 Od $420,000 e $610,000 5 What amount of untered profit was in Peanut Butter's inventory at the end of 20x5% Select one a $60,000 ut of 30 qurbon Ob 510.000 OC $20,000 Od: $70,000 O $30,000 5 WitPoinut Butter income from Sinnamon in 20x57 Select one 556.000 536.000 oc $32.000 Od $40.000 O. 548.000 7 What was the non-controlling interest share on the comolidated income statement for 20657 Select on D$10.000 $12.000 Oc$14,000 d $8,000 De $9.000 Refer to this data for questions 4-7 Peanut Butter Company routinely receives goods from its 80%-owned subsidiary, Sinnamon Corporation. In 20X4, Sinnamon sold merchandise that cost $70,000 to Peanut Butter for $90,000Hall of this merchandise remained in Peanut Butter's December 31, 20X4 inventory. This inventory was sold in 2005. During 20X5. Sinnamon sold merchandise that cost $150,000 to Peanut Butter for $210,000, One-third of the 2005 merchandise inventory remained in Peanut Butter's December 31, 20x5 inventory Selected income statement information for the two affiliates for the year 20x5 was as follows: Sinnamon $400,000 Sales Revenue Peanut Butter $500,000 350,000 50.000 260.000 Cost of Goods Sold Other Expenses Separate Net Incomes 70.000 _$70.000 $100.000 Contolidated cost of goods sold for at butter and Sinnamon for 20x5 was -Fagurttion Select one O $110.000 Ob $300,000 Oc5380,000 Od $420,000 e $610,000 5 What amount of untered profit was in Peanut Butter's inventory at the end of 20x5% Select one a $60,000 ut of 30 qurbon Ob 510.000 OC $20,000 Od: $70,000 O $30,000 5 WitPoinut Butter income from Sinnamon in 20x57 Select one 556.000 536.000 oc $32.000 Od $40.000 O. 548.000 7 What was the non-controlling interest share on the comolidated income statement for 20657 Select on D$10.000 $12.000 Oc$14,000 d $8,000 De $9.000
