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A AND B PLEASE URGENT THANK YOU! Exercise 10-9 (Static) Purchase of Shares at Midyear LO 10-2 Pie Corporation paid $319,500 to acquire 90 percent

A AND B PLEASE URGENT THANK YOU!image text in transcribed

Exercise 10-9 (Static) Purchase of Shares at Midyear LO 10-2 Pie Corporation paid $319,500 to acquire 90 percent ownership of Slice Company on April 1, 20X2. At that date, the fair value of the noncontrolling interest was $35,500. On January 1,202, Slice reported these stockholders' equity balances: Slice's operating results and dividend payments for 202 were as follows: Pie uses the equity method in recording its investment in Slice. Required: a. Prepare the journal entries that Pie recorded in 202 for its investment in Slice. b. Prepare the worksheet consolidation entries needed at December 31,202, to prepare consolidated financial statements. Complete this question by entering your answers in the tabs below. Prepare the journal entries that Pie recorded in 202 for its investment in Slice. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field

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