Business, 06.11.2019 23:31 lyn94

Pie bakery owns 60 percent of slice products companys stock. on jan 1, inventory reported by pie included 20,000 bags of flour purchased from slice at $9 per bag. by december 31, 20x9 all the beginning inventory prucased from slice had been baked into products and sold to customers by pie. there were no transactions between pie and slice during 20x9.both pie and slice price their sales at cost plus 50 percent markup for profit. pie reported income from its baking operations of 300,000, and slice reported net income of 250,000 for 20x9.a. compute gogsb. give the consolidation entriesc. compute amounts reported as consolidated ni and income assigned to the controlling interest in the 20x9 consolidated income statementif someone could me with these, that would be amazing!

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Pie bakery owns 60 percent of slice products companys stock. on jan 1, inventory reported by pie inc...

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