7/11
please fix Req.A
please fix ReqA
ed so far. It does not indicate comp $ (471, 800) (107,600) Retained earnings, 1/1/18 Net income (above) Dividends declared Retained earnings, 12/31/18 Current assets Investment in Yarrow Company Investment in Stookey Company Land, buildings, and equipment (net) Total assets Liabilities Common stock Retained earnings, 12/31/18 Total liabilities and equities $ (578,600) $ 382,700 $ (890,000) (388,480) 155,360 $(1,123,840) $ 559,900 891,000 @ 1,175, 100 $ 2,626,000 $(1,802,960) (500,000) (1,123, 040) $(2,626,000) $ (748,200) (249, 480) @ $ (997,680) $ 473, 100 @ 496,000 874,888 $ 1,843, 100 $ (522,700) (322,800) (997 680) $(1,843, 100) @ 508,600 $ 891,300 $ (112,700) (200,000) (578,680) $ (891,380) Note: Parentheses indicate a credit balance. a. Prepare the business combination's 2018 consolidation worksheet: ignore income tax effects. b. Determine the amount of income tax for Travers and Yarrow on a consolidated tax return for 2018. c. Determine the amount of Stookey's income tax on a separate tax return for 2018 d. Based on the answers to requirements b) and (c), what journal entry does this combination make to record 2018 income tax? Answer is not complete. Complete this question by entering your answers in the tabs below. ReA Red Band Reg D Prepare the business combination's 2018 consolidation worksheet; ignore income tax effects. (For accounts where multiple consolidation entries are required, co Return to question (2007 LIVEAU (32,854) (18,148) (716,940) 32,854 18,148 (665,938) (890,000) 342,943 137,648 (1.232.943) (748.200) 885,848 471,000 (471,000) (107.600) (240.400) separempany recome Consolidated net income Net income attributable to NCI (Yarrow) Net income attributable to NCI (Stookey) Net Income attributable to Travers Company Retained earnings, 11/18 Travers Company Yarrow Company Stookey Company Net Income (above) Dividends declared Retained earnings, 12/31/18 Current assets Investment in Yarrow Company Investment in Stookey Company Land, buildings & equipment (net) Copyright Customer ist Total Lisbies Common stock Retained camingu. 12/31/18 (above) Ninterest in Stookey 1/1/18 Nontontrolling interest in Yarrow, 1/1/18 Non controlling interests in subsidiaries Total abilities and equites (388.400) 155,360 (1.123,040) 569.900 891.000 (997.600) 473,100 (578,000) 382,700 156,360 (1,077,583) 1403.900 11.800 342.943 1,233,943 137,64 633,648 1.175,100 495.000 874.000 500,000 130,500 162.400 14,500 11.000 2.626,000 (1.002.960) (500.000) (1.123.040) 1.843.100 1522.700) (922 800) 1997.600) 891,300 (112.700) (200,000) (578.600) 2,567.700 116.000 150.800 4.228.400 (1.638,360) (500.000) (1.743.521) 522,800 OOO 132312 146,965 16.240 (158,412) (137,105) (346 519) (2.626 000 (1.143.100) (891300) 2.838,539 2.838,539 (346.519) (4.228.400 a. Prepare the business combination's 2018 consolidation worksheet; ignore income tax effects. b. Determine the amount of income tax for Travers and Yarrow on a consolidated tax return for 2018. c. Determine the amount of Stookey's income tax on a separate tax return for 2018. d. Based on the answers to requirements (b) and (c), what journal entry does this combination make to record 2018 income tax? Answer is not complete. Complete this question by entering your answers in the tabs below. Reg A Req B and C Reg D b. Determine the amount of income tax for Travers and Yarrow on a consolidated tax return for 2018. c. Determine the amount of Stookey's income tax on a separate tax return for 2018. b. $ 244,680 Income tax payable Income tax payable C 43,040 c. Determine the amount of Stookey's income tax on a separate tax return for 2018. d. Based on the answers to requirements (b) and (c), what journal entry does this combination make to record 2018 income tax? Answer is not complete. Complete this question by entering your answers in the tabs below. Req A Reg B and C Req D Based on the answers to requirements (b) aid (c), what journal entry does this combination make to record 2018 income tax? (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) No Transaction Debit Credit 1 1 General Journal Deferred income tax-Asset Income tax expense --Current Income tax payable 944 286,776 287,720 (388,400) (249,400) (107,600) (32,854) (18,148) (716,940) 32,854 18,148 (665,938) (890,000) 342,943 137,648 (1.232,943) (748,200) 885,848 471,000 Separate company net income Consolidated net income Net income attributable to NCI (Yarrow) Net income attributable to NCI (Stookey) Net income attributable to Travers Company Retained earnings, 1/1/18: Travers Company Yarrow Company Stookey Company Net income (above) Dividends declared Retained earings, 12/31/18 Current assets Investment in Yarrow Company Investment in Stookey Company Land, buildings, & equipment (net) Copyright Customer list Total assets Liabilities (471,000) (107,600) (249,400) (388,400) 155,360 (1,123,040) 569,900 891,000 (997,600) 473,100 (578,600) 382,700 155,360 (1,077,583) 1,403,900 11,800 342,943 1,233,9421 137.648 633,648 496.000 874,000 1,175,100 508,600 130,500 14,500 11,600 162,400 2,626,000 (1,002,960) (500,000) (1,123,040) 1.843,100 (522,700) (322,800) (997.600) 891,300 (112,700) (200,000) (578,600) 2,557,700 116,000 150,800 4,228,400 (1,638,360) (500,000) (1,743,521) 522,800 90 Common stock Retained earnings, 12/31/18 (above) NCI interest in Stookey 1/1/18 Noncontrolling interest in Yarrow, 1/1/18 Noncontrolling interests in subsidiaries Total liabilities and equities 132,312 146,965 16.240 (158,412) (137,105) (346,519) (2.620,000) (1.843, 100) (891,300) 2,838,539 2,838,539 (346,519) (4.228.400) ed so far. It does not indicate comp $ (471, 800) (107,600) Retained earnings, 1/1/18 Net income (above) Dividends declared Retained earnings, 12/31/18 Current assets Investment in Yarrow Company Investment in Stookey Company Land, buildings, and equipment (net) Total assets Liabilities Common stock Retained earnings, 12/31/18 Total liabilities and equities $ (578,600) $ 382,700 $ (890,000) (388,480) 155,360 $(1,123,840) $ 559,900 891,000 @ 1,175, 100 $ 2,626,000 $(1,802,960) (500,000) (1,123, 040) $(2,626,000) $ (748,200) (249, 480) @ $ (997,680) $ 473, 100 @ 496,000 874,888 $ 1,843, 100 $ (522,700) (322,800) (997 680) $(1,843, 100) @ 508,600 $ 891,300 $ (112,700) (200,000) (578,680) $ (891,380) Note: Parentheses indicate a credit balance. a. Prepare the business combination's 2018 consolidation worksheet: ignore income tax effects. b. Determine the amount of income tax for Travers and Yarrow on a consolidated tax return for 2018. c. Determine the amount of Stookey's income tax on a separate tax return for 2018 d. Based on the answers to requirements b) and (c), what journal entry does this combination make to record 2018 income tax? Answer is not complete. Complete this question by entering your answers in the tabs below. ReA Red Band Reg D Prepare the business combination's 2018 consolidation worksheet; ignore income tax effects. (For accounts where multiple consolidation entries are required, co Return to question (2007 LIVEAU (32,854) (18,148) (716,940) 32,854 18,148 (665,938) (890,000) 342,943 137,648 (1.232.943) (748.200) 885,848 471,000 (471,000) (107.600) (240.400) separempany recome Consolidated net income Net income attributable to NCI (Yarrow) Net income attributable to NCI (Stookey) Net Income attributable to Travers Company Retained earnings, 11/18 Travers Company Yarrow Company Stookey Company Net Income (above) Dividends declared Retained earnings, 12/31/18 Current assets Investment in Yarrow Company Investment in Stookey Company Land, buildings & equipment (net) Copyright Customer ist Total Lisbies Common stock Retained camingu. 12/31/18 (above) Ninterest in Stookey 1/1/18 Nontontrolling interest in Yarrow, 1/1/18 Non controlling interests in subsidiaries Total abilities and equites (388.400) 155,360 (1.123,040) 569.900 891.000 (997.600) 473,100 (578,000) 382,700 156,360 (1,077,583) 1403.900 11.800 342.943 1,233,943 137,64 633,648 1.175,100 495.000 874.000 500,000 130,500 162.400 14,500 11.000 2.626,000 (1.002.960) (500.000) (1.123.040) 1.843.100 1522.700) (922 800) 1997.600) 891,300 (112.700) (200,000) (578.600) 2,567.700 116.000 150.800 4.228.400 (1.638,360) (500.000) (1.743.521) 522,800 OOO 132312 146,965 16.240 (158,412) (137,105) (346 519) (2.626 000 (1.143.100) (891300) 2.838,539 2.838,539 (346.519) (4.228.400 a. Prepare the business combination's 2018 consolidation worksheet; ignore income tax effects. b. Determine the amount of income tax for Travers and Yarrow on a consolidated tax return for 2018. c. Determine the amount of Stookey's income tax on a separate tax return for 2018. d. Based on the answers to requirements (b) and (c), what journal entry does this combination make to record 2018 income tax? Answer is not complete. Complete this question by entering your answers in the tabs below. Reg A Req B and C Reg D b. Determine the amount of income tax for Travers and Yarrow on a consolidated tax return for 2018. c. Determine the amount of Stookey's income tax on a separate tax return for 2018. b. $ 244,680 Income tax payable Income tax payable C 43,040 c. Determine the amount of Stookey's income tax on a separate tax return for 2018. d. Based on the answers to requirements (b) and (c), what journal entry does this combination make to record 2018 income tax? Answer is not complete. Complete this question by entering your answers in the tabs below. Req A Reg B and C Req D Based on the answers to requirements (b) aid (c), what journal entry does this combination make to record 2018 income tax? (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) No Transaction Debit Credit 1 1 General Journal Deferred income tax-Asset Income tax expense --Current Income tax payable 944 286,776 287,720 (388,400) (249,400) (107,600) (32,854) (18,148) (716,940) 32,854 18,148 (665,938) (890,000) 342,943 137,648 (1.232,943) (748,200) 885,848 471,000 Separate company net income Consolidated net income Net income attributable to NCI (Yarrow) Net income attributable to NCI (Stookey) Net income attributable to Travers Company Retained earnings, 1/1/18: Travers Company Yarrow Company Stookey Company Net income (above) Dividends declared Retained earings, 12/31/18 Current assets Investment in Yarrow Company Investment in Stookey Company Land, buildings, & equipment (net) Copyright Customer list Total assets Liabilities (471,000) (107,600) (249,400) (388,400) 155,360 (1,123,040) 569,900 891,000 (997,600) 473,100 (578,600) 382,700 155,360 (1,077,583) 1,403,900 11,800 342,943 1,233,9421 137.648 633,648 496.000 874,000 1,175,100 508,600 130,500 14,500 11,600 162,400 2,626,000 (1,002,960) (500,000) (1,123,040) 1.843,100 (522,700) (322,800) (997.600) 891,300 (112,700) (200,000) (578,600) 2,557,700 116,000 150,800 4,228,400 (1,638,360) (500,000) (1,743,521) 522,800 90 Common stock Retained earnings, 12/31/18 (above) NCI interest in Stookey 1/1/18 Noncontrolling interest in Yarrow, 1/1/18 Noncontrolling interests in subsidiaries Total liabilities and equities 132,312 146,965 16.240 (158,412) (137,105) (346,519) (2.620,000) (1.843, 100) (891,300) 2,838,539 2,838,539 (346,519) (4.228.400)
