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A) Compute consolidated retained earnings as of January 1, 20X5, as it would appear in comparative consolidated financial statements presented at the end of 20X5.

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A) Compute consolidated retained earnings as of January 1, 20X5, as it would appear in comparative consolidated financial statements presented at the end of 20X5.

B) Compute consolidated net income related income to the controlling interest for 20X5.

C) Compute consolidated net income related income to the noncontrolling interest for 20X5.

D) Compute consolidated retained earnings as of December 31, 20X5. At the December 31, 20X5, balance of Ps investment in S is....

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Pissued stock with a par value of $89,000 and a market value of $630,700 to acquire 85 percent of S's common stock on September 30, 20X5. At that date, the fair value of the noncontrolling interest was $111,300. On January 1, 20X5, S reported the following stockholders' equity balances: Common Stock ($10 par value) $210,000 Additional Paid-in Capital 70,000 Retained Earnings 420,000 Total Stockholders' Equity $700.000 S reported net income of $84,000 in 20X5, earned uniformly throughout the year, and declared and paid dividends of $14,000 on June 30 and $35,000 on December 31, 20X5. P accounts for its investment in S using the equity method. P reported retained earnings of $560,000 on January 1, 20X5, and had 20x5 income of $196,000 from its separate operations. P paid dividends of $112,000 on December 31, 20X5

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