On january 1, 20x8, parent company acquired 90 percent ownership of subsidiary corporation, at underlying book value. the fair value of the noncontrolling interest at the date of acquisition was equal to 10 percent of the book value of subsidiary corporation. on mar 17, 20x8, subsidiary purchased inventory from parent for $90,000. subsidiary sold the entire inventory to an unaffiliated company for $120,000 on november 21, 20x8. parent had produced the inventory sold to subsidiary for $62,000. the companies had no other transactions during 20x8.required informationbased on the information given above, what amount of sales will be reported in the 20x8 consolidated income statement? $62,000$120,000$90,000$58,000

The east asiatic company (eac), a danish company with subsidiaries throughout asia, has been funding its bangkok subsidiary primarily with u. s. dollar debt because of the cost and availability of dollar capital as opposed to thai baht-denominated (b) debt. the treasurer of eac-thailand is considering a 1-year bank loan for $247,000.the current spot rate is b32.03 /$, and the dollar-based interest is 6.78% for the 1-year period. 1-year loans are 12.04% in baht. a. assuming expected inflation rates of 4.3 % and 1.24% in thailand and the united states, respectively, for the coming year, according to purchase power parity, what would the effective cost of funds be in thai baht terms? b. if eac's foreign exchange advisers believe strongly that the thai government wants to push the value of the baht down against the dollar by5% over the coming year (to promote its export competitiveness in dollar markets), what might the effective cost of funds end up being in baht terms? c. if eac could borrow thai baht at 13% per annum, would this be cheaper than either part (a) or part (b) above?