(Module 2 only) Consolidation Worksheet: Equity Method Use the information provided in Prob lem 2-3 but assume...
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(Module 2 only) Consolidation Worksheet: Equity Method Use the information provided in Prob¬
lem 2-3 but assume that the parent uses the equity method.
1 Analyze the parent’s Investment account for 2006 (work backward to do so).
2 Prepare all consolidation entries as of 12/31/06.
3 Prepare a consolidation worksheet at 12/31/06.
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