177 PROBLEMS 175 179 Powns a controlling interest in Company's 180 Financial statements for and Company who they 151 You will notice that there are mistakes IN2 13 Income Statement Copy 184 Sales SC ED 185 Cost of goods sold 278 IN Other expenses 377 187 Income frs I Net Income |||||| IN9 NCT in income 16.00 190 Net income to RE 191 Retained Earnings Sun 192 Beginning RE 479 400 TE 193 Net income 310.00 107 DOO 194 Dividends declared 90 DOO 30 195 Ending RE 700.000 2650 196 Balance Sheet 197 Cash 295 DOO 116 198 Accounts receivable 1650 9700D 10 DOO 199 Inventory 1930 115.000 200 Investment in Company 412.000 201 Goodwill 202 Land 250.000 125 DOO 203 Buildings 245.000 202.000 204 Total assets 1.560.000 655.000 8500 40.000 205 Accounts payable 150.000 206 Other liabilities 625 000 100,000 100 000 207 Common stock 150.000 208 Other contributed capital 265.000 209 Retained earnings 210 NCI in net assets 655.000 211 Total liabilities & equity 10.00 100.000 150.000 265.000 700.000 1.560.000 212 213 REQUIRED 214 Describe the mistakes you see in the climating entries. 215 216 217 218 219 220 221 222 223 224 225 226 227 228 177 PROBLEMS 175 179 Powns a controlling interest in Company's 180 Financial statements for and Company who they 151 You will notice that there are mistakes IN2 13 Income Statement Copy 184 Sales SC ED 185 Cost of goods sold 278 IN Other expenses 377 187 Income frs I Net Income |||||| IN9 NCT in income 16.00 190 Net income to RE 191 Retained Earnings Sun 192 Beginning RE 479 400 TE 193 Net income 310.00 107 DOO 194 Dividends declared 90 DOO 30 195 Ending RE 700.000 2650 196 Balance Sheet 197 Cash 295 DOO 116 198 Accounts receivable 1650 9700D 10 DOO 199 Inventory 1930 115.000 200 Investment in Company 412.000 201 Goodwill 202 Land 250.000 125 DOO 203 Buildings 245.000 202.000 204 Total assets 1.560.000 655.000 8500 40.000 205 Accounts payable 150.000 206 Other liabilities 625 000 100,000 100 000 207 Common stock 150.000 208 Other contributed capital 265.000 209 Retained earnings 210 NCI in net assets 655.000 211 Total liabilities & equity 10.00 100.000 150.000 265.000 700.000 1.560.000 212 213 REQUIRED 214 Describe the mistakes you see in the climating entries. 215 216 217 218 219 220 221 222 223 224 225 226 227 228