THANKS in advance!! The following are several figures reported for Allister and...
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THANKS in advance!!
The following are several figures reported for Allister and Barone as of December 31, 2021 Inventory Sales Investment income Cost of goods sold Operating expenses Allister Barone $ 548,888 $ 340,000 1,88e, eee 880,000 not given 540, eee 440, eee 250,000 320, eee Allister acquired 90 percent of Barone in January 2020. In allocating the newly acquired subsidiary's fair value at the acquisition date. Allister noted that Barone had developed a customer list worth $64.000 that was unrecorded on its accounting records and had a five- year remaining life. Any remaining excess fair value over Barone's book value was attributed to goodwill. During 2021, Barone sells inventory costing $134.000 to Allister for $188,000 of this amount, 15 percent remains unsold in Allister's warehouse at year-end. Determine balances for the following items that would appear on Allister's consolidated financial statements for 2021 Amounts Inventory Sales Cost of goods sold Operating expenses Net income attributable to noncontrolling interest
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