Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Accounting - consolidation (please explain) Based on this info, on the consolidated balance sheet, what is the total stockholder's equity and controlling interest income? The
Accounting - consolidation (please explain)
Based on this info, on the consolidated balance sheet, what is the total stockholder's equity and controlling interest income?
The answers are respectively 412,000 and 164,000, but I don't know how to get them.
Wilhelm Corporation Kaiser Company Item Debit Credit Debit Credit $140,000 $200,000 Current Assets Depreciable Assets 350,000 250,000 Investment in Kaiser Company Stock 162,000 27,000 10,000 Depreciation Expense 95,000 60,000 Other Expenses 20,000 Dividends Declared 10,000 $118,000 $80,000 Accumulated Depreciation 100,000 80,000 Current Liabilities Long-Term Debt 100,000 50,000 100,000 50,000 Common Stock 150,000 100,000 Retained Earnings 250,000 110,000 Sales Income from Subsidiary 36,000 $854,000 $854,000 $470,000 $470,000 Wilhelm Corporation Kaiser Company Item Debit Credit Debit Credit $140,000 $200,000 Current Assets Depreciable Assets 350,000 250,000 Investment in Kaiser Company Stock 162,000 27,000 10,000 Depreciation Expense 95,000 60,000 Other Expenses 20,000 Dividends Declared 10,000 $118,000 $80,000 Accumulated Depreciation 100,000 80,000 Current Liabilities Long-Term Debt 100,000 50,000 100,000 50,000 Common Stock 150,000 100,000 Retained Earnings 250,000 110,000 Sales Income from Subsidiary 36,000 $854,000 $854,000 $470,000 $470,000Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started