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20. What is the total of consolidated operating expenses A) $42,000. B) $47,600. C) $53,200. D) $49,000. E) $35,000. 21. What is the total of consolidated cost of goods sold? A) $196,000. B) $212,800. C) $184,800 D) $203,000. E) $168,000. 26. What is the consolidated total of noncontrolling interest appearing in the balance sheet? A) $100,800. B) $ 97,440 C) $93,800. D) $140,400. E) none of the above 27. What is the consolidated total for equipment (net) at December 31, 2018? A) S 952,000. B) $1,058,400. C) $1,069,600. D) $1,064,000. E) $1,066,800. 28. What is the consolidated total for inventory at December 31,2018? A) S336,000. B) $280,000. C) $364,000. D) $347,200 E) $349,300. 29. In the consolidation worksheet for 2017, which of the following accounts would be debited to eliminate the intra-entity transfer of inventory? A) Retained earnings. B) Cost of goods sold. C) Inventory D) Investment in Strickland Company. E) Sales. 30. In the consolidation worksheet for 2017, which of the following accounts would be credited to eliminate the intra-entity transfer of inventory? A) Retained earnings. B) Cost of goods sold. C) Inventory. D) Investment in Strickland Company E) Sales. 31 Dalton Corp. owned 70% of the outstanding common stock of Shrugs Inc. On January 1, 2016, Dalton acquired a building with a ten-year life for $420,000. No salvage value was anticipated and the building was to be depreciated on the straight-line basis. On January 1,2018, Dalton sold this building to Shrugs for $392,000. At that time, the building had a remaining life of eight years but still no expected salvage value. For consolidation purposes, what is the Excess Depreciation (ED entry) for this building for 20187 A) Accumulated Depreciation 7,000 Depreciation expense Depreciation Expense Accumulated Depreciation Accumulated Depreciation Depreciation Expense 7,000 4,900 7,000 4,900 42,000 B) Accumulated Depreciation C) Depreciation Expense D) Depreciation Expense E) Accumulated Depreciation 4,900 7,000 4,900 42,000 20. What is the total of consolidated operating expenses A) $42,000. B) $47,600. C) $53,200. D) $49,000. E) $35,000. 21. What is the total of consolidated cost of goods sold? A) $196,000. B) $212,800. C) $184,800 D) $203,000. E) $168,000. 26. What is the consolidated total of noncontrolling interest appearing in the balance sheet? A) $100,800. B) $ 97,440 C) $93,800. D) $140,400. E) none of the above 27. What is the consolidated total for equipment (net) at December 31, 2018? A) S 952,000. B) $1,058,400. C) $1,069,600. D) $1,064,000. E) $1,066,800. 28. What is the consolidated total for inventory at December 31,2018? A) S336,000. B) $280,000. C) $364,000. D) $347,200 E) $349,300. 29. In the consolidation worksheet for 2017, which of the following accounts would be debited to eliminate the intra-entity transfer of inventory? A) Retained earnings. B) Cost of goods sold. C) Inventory D) Investment in Strickland Company. E) Sales. 30. In the consolidation worksheet for 2017, which of the following accounts would be credited to eliminate the intra-entity transfer of inventory? A) Retained earnings. B) Cost of goods sold. C) Inventory. D) Investment in Strickland Company E) Sales. 31 Dalton Corp. owned 70% of the outstanding common stock of Shrugs Inc. On January 1, 2016, Dalton acquired a building with a ten-year life for $420,000. No salvage value was anticipated and the building was to be depreciated on the straight-line basis. On January 1,2018, Dalton sold this building to Shrugs for $392,000. At that time, the building had a remaining life of eight years but still no expected salvage value. For consolidation purposes, what is the Excess Depreciation (ED entry) for this building for 20187 A) Accumulated Depreciation 7,000 Depreciation expense Depreciation Expense Accumulated Depreciation Accumulated Depreciation Depreciation Expense 7,000 4,900 7,000 4,900 42,000 B) Accumulated Depreciation C) Depreciation Expense D) Depreciation Expense E) Accumulated Depreciation 4,900 7,000 4,900 42,000