Question
1 Prepare entry S to eliminate stockholders' equity accounts of subsidiary. 2 Prepare entry A to recognize goodwill portion of the original acquisition fair value.
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1
Prepare entry S to eliminate stockholders' equity accounts of subsidiary.
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2
Prepare entry A to recognize goodwill portion of the original acquisition fair value.
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3
Prepare entry I to eliminate intra-entity income accrual for the current year based on the parent's usage of the partial equity method.
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4
Prepare entry D to eliminate intra-entity dividend transfers.
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5
Prepare entry E.
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6
Prepare entry *C.
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7
Prepare entry S to eliminate beginning of year stockholders' equity accounts of subsidiarythe retained earnings balance has been adjusted for 2017 income and dividends.
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8
Prepare entry A to recognize original goodwill balance.
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9
Prepare entry I to eliminate Intra-entity Income accrual for the current year.
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10
Prepare entry D to eliminate Intra-entity dividend transfers.
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11
Prepare entry E.
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