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

Afirm wants to hire a project manager (pm) at a salary of $100,000. 30% of pms have high ability, and 70% of pms have low ability. high ability pms generate $120,000 in revenue and low ability pms generate $80,000 in revenue. in addition to differences in productivity, high and low ability pms have different outside offers. if a high ability pm is not hired by the firm, she can work for another company at a salary of $80,000. if the low ability pm is not hired by the firm, she can work for another company for $70,000. high ability pms are also able to get a project management professional (pmp) certification at a cost of $1,000. low ability pms are unable to get a pmp certification (they would fail the test). the firm is not able to observe a pm’s ability, but is able to observe and verify whether or not the pm has a pmp certificate.(a) draw the extensive form of the game.expert answer