Sales

Cost of goods sold

Operating expenses

dividend income

net income attributable to noncontrolling interest

inventory

noncontrolling interest in subsidiary, 12/31/18

Connect https: ? search p 5-29 Savec Help Save & Exit Submit Check my work ProFom acquired 6O percent of ClipRite on June 30, 2017, for $1,140.000 in cash. Based on ClipRite's acquisition-date fair value, an unrecorded intangible of S40(XXX) was recognized and is being ?? mortized at the rate of $15 0O0 per year. No gondwill was recognlzed in the acquisltion. The noncontrolling Interest falr value was assessed at $760,000 at the acquisltlon date. The 2018 financial statements are as follows: 10 S (900,000 S 1000,000 150, 00 Cost of goods sold operating axpansea Dividend ircone eBook References Ratairod carnings, 1/1/19 at ircona Dividands daclarad 2,300,000) (163, uuu? 1950, 000 200, 000 $(3,263,0001 s(1,070,000) ltebdinededruings, Invent-ory ixed assets 12/31/18 390, d00 1, 140, 000 2,000,000 700,000) 3, 330, 000 800, 000 Total Liabilitie Retaired earnina, 12/31/1e 1,100, 000 250,000 S 2,050, 000 5 580, 000 400, 000 (2,263,0001,070, 000 s ?667, 0 00 1 400,000 ClipRile sold ProForm ivenlory coslig S79,000 dig he lasl six onlhs ol 2017 for $190,000. Al year-e, 30 percen renined. ClipRite sells ProForm inventory costing $750.00() during 2018 for $350,000. At year end, 10 percent is left, with these facts, determine the consolidatedl balances for the following: Prev 1 of 1 Next 7:16 5 10/2018 Connect https: ? search p 5-29 Savec Help Save & Exit Submit Check my work ProFom acquired 6O percent of ClipRite on June 30, 2017, for $1,140.000 in cash. Based on ClipRite's acquisition-date fair value, an unrecorded intangible of S40(XXX) was recognized and is being ?? mortized at the rate of $15 0O0 per year. No gondwill was recognlzed in the acquisltion. The noncontrolling Interest falr value was assessed at $760,000 at the acquisltlon date. The 2018 financial statements are as follows: 10 S (900,000 S 1000,000 150, 00 Cost of goods sold operating axpansea Dividend ircone eBook References Ratairod carnings, 1/1/19 at ircona Dividands daclarad 2,300,000) (163, uuu? 1950, 000 200, 000 $(3,263,0001 s(1,070,000) ltebdinededruings, Invent-ory ixed assets 12/31/18 390, d00 1, 140, 000 2,000,000 700,000) 3, 330, 000 800, 000 Total Liabilitie Retaired earnina, 12/31/1e 1,100, 000 250,000 S 2,050, 000 5 580, 000 400, 000 (2,263,0001,070, 000 s ?667, 0 00 1 400,000 ClipRile sold ProForm ivenlory coslig S79,000 dig he lasl six onlhs ol 2017 for $190,000. Al year-e, 30 percen renined. ClipRite sells ProForm inventory costing $750.00() during 2018 for $350,000. At year end, 10 percent is left, with these facts, determine the consolidatedl balances for the following: Prev 1 of 1 Next 7:16 5 10/2018