Consolidation Worksheet (Continuation of Problem 5-5) Poz Inc., a calendar-year reporting com pany, acquired 100% of Soz
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Consolidation Worksheet (Continuation of Problem 5-5) Poz Inc., a calendar-year reporting com¬
pany, acquired 100% of Soz Inc.’s outstanding common stock at a cost of $210,000 on 12/31/05.
The analysis of Poz’s Investment account as of the acquisition date follows:
1. Update the analyses of the Investment account through 12/31/06.
2. Prepare all consolidation entries as of 12/31/06.
3. Prepare a consolidation worksheet at 12/31/06. (The parent’s retained earnings as of 1/1/06 were $200,000.)
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