a $2,200 b $2,800 $3,000 d $3,200 USE THE FOLLOWING INFORMATION IN ANSWERING QUESTIONS...
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a $2,200 b $2,800 $3,000 d $3,200 USE THE FOLLOWING INFORMATION IN ANSWERING QUESTIONS 2 AND 3: Pa during 2016. Selected information from the accounts of Pam and Sun for 2017 are as follows: m Corporation owns 75 percent of the voting common stock of Sun Corporation, acquired at book value Sun Pam $1,800 $1,000 Sales Cost of sales 980 380 Pam sold merchandise to Sun for $100, at a gross profit to Pam of $40. Half of this merchandise remained in Sun's inventory at December 31, 2017. Sun's December 31, 2016, inventory included unrealized profit of $8 on goods acquired from Pam. 2. ina consolidated income statement for Pam Corporation and Subsidiary for the year 2017,consolidated sales should be: a $2,900 b $2,800 c $2,725 d $2,700 3.In a consolidated income statement for Pam Corporation and Subsidiary for the year 2017, consolidated cost of sales should be
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