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The following are several figures reported for Poyer and Sutter as of December 31, 2024: Items Inventory Sales Investment income Cost of goods sold.
The following are several figures reported for Poyer and Sutter as of December 31, 2024: Items Inventory Sales Investment income Cost of goods sold. Operating expenses Poyer $ 560,000 1,120,000 560,000 260,000 Sutter $ 360,000 $920,000 460,000 330,000 Poyer acquired 90 percent of Sutter in January 2023. In allocating the newly acquired subsidiary's fair value at the acquisition date. Poyer noted that Sutter had developed a unpatented technology worth $68,000 that was unrecorded on its accounting records and had a four-year remaining life. Any remaining excess fair value over Sutter's book value was attributed to an indefinite-lived trademark. During 2024, Sutter sells inventory costing $136,000 to Poyer for $192,000. Of this amount, 10 percent remains unsold in Poyer's warehouse at year-end. Required: Determine balances for the following items that would appear on Poyer's consolidated financial statements for 2024: Note: Input all amounts as positive values. a. Inventory b. Sales c. Cost of goods sold d. Operating expenses e. Net income attributable to noncontrolling interest Amounts $ 1,848,000 $ 833,600
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