Remaining Time: 1 hour, 35 minutes, 21 seconds. Question Completion Status: North Company purchased 100% of...

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Remaining Time: 1 hour, 35 minutes, 21 seconds. Question Completion Status: North Company purchased 100% of Tech Company's equity. The following are North Company and Tech Company's balance sheets before consolidation. North Company Tech Company Cash $ 84,000 $ 40,000 Receivables $ 160,000 $ 90,000 Inventory $ 220,000 $ 130,000 Investment in Tech Comp. 5 390,000 $ Land $ 100,000 $ 60,000 Buildings, net 400,000 $ 110,000 Equipment, net $ 120,000 $ 50,000 Total Assets $ 1,474,000 5 480,000 Accounts Payable $ 160,000 $ 30,000 Long term Liabilities $ 380,000 $ 170,000 Total Liabilities $ $40,000 $ 200,000 Common Stock $ 500,000 $ 40,000 Additional Paid in Capital 5 74,000 $ Retained Earnings $ Total Liabilities and SE $ 360,000 $ 1,474,000 5 240,000 480,000 When North Company prepares its consolidated financial statements, which of the following accounts will NOT be eliminated as part of the consolidation process Long term Liabilities for Tech Company Click Save and Submit to save anal submit. Chick Sove All Anmeers to see oll anneers Save All Answers Save and Submit Remaining Time: 1 hour, 35 minutes, 21 seconds. Question Completion Status: North Company purchased 100% of Tech Company's equity. The following are North Company and Tech Company's balance sheets before consolidation. North Company Tech Company Cash $ 84,000 $ 40,000 Receivables $ 160,000 $ 90,000 Inventory $ 220,000 $ 130,000 Investment in Tech Comp. 5 390,000 $ Land $ 100,000 $ 60,000 Buildings, net 400,000 $ 110,000 Equipment, net $ 120,000 $ 50,000 Total Assets $ 1,474,000 5 480,000 Accounts Payable $ 160,000 $ 30,000 Long term Liabilities $ 380,000 $ 170,000 Total Liabilities $ $40,000 $ 200,000 Common Stock $ 500,000 $ 40,000 Additional Paid in Capital 5 74,000 $ Retained Earnings $ Total Liabilities and SE $ 360,000 $ 1,474,000 5 240,000 480,000 When North Company prepares its consolidated financial statements, which of the following accounts will NOT be eliminated as part of the consolidation process Long term Liabilities for Tech Company Click Save and Submit to save anal submit. Chick Sove All Anmeers to see oll anneers Save All Answers Save and Submit