amortization of $17,900 results from this transaction. On the date of the takeover, Herbert reported retained earnings of $455,000, and Rambis reported a $290,000 balance. Herbert reported internal net income of $55,000 in 2017 and $74,900 in 2018 and declared $10,000 in dividends each year Rambis reported net income of $25,500 in 2017 and $45,400 in 2018 and declared $5,000 in dividends each year 75 points a. Assume that Herbert's internal net income figures above do not include any income from the subsidiary . If the parent uses the equity method, what is the amount reported as consolidated retained earnings on December 31, 2017? . What would be the amount of consolidated retained earnings on December 31, 2017, if the parent had applied either the initial value or partial equity method for internal accounting purposes? b. Under each of the following situations, what is the Investment in Rambis account balance on Herbert's books on January 1, 2018 The parent uses the equity method. The parent uses the partial equity method . The parent uses the initial value method. c. Under each of the following situations, what is Entry 'C on a 2018 consolidation worksheet? . The parent uses the equity methood The parent uses the partial equity method The parent uses the initial value method. Answer is not complete Complete this question by entering your answers in the tabs below Required A Required B Required C Assume that Herbert's internal net income figures above do not include any income from the subsidiary If the parent uses the equity method, what is the amount reported as consolidated retained earnings on December 31, 20157 amount of consolidated retained earnings on December 31, 2015, if the parent had applied either the initial value or partial equity method for internal accounting purposes? Show less& Consolidatod rotained earnings (quity method) Consolidaled rotained earnings (initial value method) 605,000 621.300 Consolidated retained earnings (partial equity method) 01,000 Required B > 2 a. Assume that Herbert's internal net income figures above do not include any income from the subsidlary . If the parent uses the equity method, what is the amount reported as consolidated retained earnings on December 31, 20177 What would be the amount of consolidated retained earnings on December 31, 2017, if the parent had applied either the initia value or partial equity method for internal accounting purposes? 75 points b. Under each of the following situations, what is the Investment in Rambis account balance on Herbert's books on January 1, 2018 The parent uses the equity method. The parent uses the partial equity method. The parent uses the initial value method. c. Under each of the following situations, what is Entry 'C on a 2018 consolidation worksheet? . The parent uses the equity method. The parent uses the partial equity methood The parent uses the initial value method. Answer is not complete Complete this question by entering your answers in the taies below Required A Required B Required C following situations, what is the Investment in Rambis account balance on Herbert's books on January 1 2018? The parent uses the equity method. The parent uses the partial equity method. The parent uses the initial value method. Show less Investment s 605,000 621,300 601,000 Equity method Partial equity method Initial value method 2 a. Assume that Herbert's internal net income figures above do not include any income from the subsidiary If the parent uses the equity method, what is the amount reported as consolidated retained earnings on December 31, 2017? What would be the amount of consolidated retained earnings on December 31, 2017, if the parent had applied either the initial value or partial equity method for internal accounting purposes? ts b. Under each of the following situations, what is the Investment in Rambis account balance on Herbert's books on January 1, 2018? The parent uses the equity method . The parent uses the partial equity method. . The parent uses the initial value method. c. Under each of the following situations, what is Entry C on a 2018 consolidation worksheet? . The parent uses the equity method The parent uses the partial equity method. The parent uses the initial value method. & Answer is not complete. Complete this question by entering your answers in the tabs below. Required A Required B Required C Under each of the following situations, what is Entry "C on a 2018 consolidation worksheet? (If no entry is required for a transaction/event, select No journal entry required" in the first account field.) The parent uses the equity method. The parent uses the partial equity method. The parent uses the initial value method. Show less & No Accounts Debit Credit 1January 01,2018 No jounal entry required No journal entry required expense Amortization expense Herbert dividends Herbert income amortization of $17,900 results from this transaction. On the date of the takeover, Herbert reported retained earnings of $455,000, and Rambis reported a $290,000 balance. Herbert reported internal net income of $55,000 in 2017 and $74,900 in 2018 and declared $10,000 in dividends each year Rambis reported net income of $25,500 in 2017 and $45,400 in 2018 and declared $5,000 in dividends each year 75 points a. Assume that Herbert's internal net income figures above do not include any income from the subsidiary . If the parent uses the equity method, what is the amount reported as consolidated retained earnings on December 31, 2017? . What would be the amount of consolidated retained earnings on December 31, 2017, if the parent had applied either the initial value or partial equity method for internal accounting purposes? b. Under each of the following situations, what is the Investment in Rambis account balance on Herbert's books on January 1, 2018 The parent uses the equity method. The parent uses the partial equity method . The parent uses the initial value method. c. Under each of the following situations, what is Entry 'C on a 2018 consolidation worksheet? . The parent uses the equity methood The parent uses the partial equity method The parent uses the initial value method. Answer is not complete Complete this question by entering your answers in the tabs below Required A Required B Required C Assume that Herbert's internal net income figures above do not include any income from the subsidiary If the parent uses the equity method, what is the amount reported as consolidated retained earnings on December 31, 20157 amount of consolidated retained earnings on December 31, 2015, if the parent had applied either the initial value or partial equity method for internal accounting purposes? Show less& Consolidatod rotained earnings (quity method) Consolidaled rotained earnings (initial value method) 605,000 621.300 Consolidated retained earnings (partial equity method) 01,000 Required B > 2 a. Assume that Herbert's internal net income figures above do not include any income from the subsidlary . If the parent uses the equity method, what is the amount reported as consolidated retained earnings on December 31, 20177 What would be the amount of consolidated retained earnings on December 31, 2017, if the parent had applied either the initia value or partial equity method for internal accounting purposes? 75 points b. Under each of the following situations, what is the Investment in Rambis account balance on Herbert's books on January 1, 2018 The parent uses the equity method. The parent uses the partial equity method. The parent uses the initial value method. c. Under each of the following situations, what is Entry 'C on a 2018 consolidation worksheet? . The parent uses the equity method. The parent uses the partial equity methood The parent uses the initial value method. Answer is not complete Complete this question by entering your answers in the taies below Required A Required B Required C following situations, what is the Investment in Rambis account balance on Herbert's books on January 1 2018? The parent uses the equity method. The parent uses the partial equity method. The parent uses the initial value method. Show less Investment s 605,000 621,300 601,000 Equity method Partial equity method Initial value method 2 a. Assume that Herbert's internal net income figures above do not include any income from the subsidiary If the parent uses the equity method, what is the amount reported as consolidated retained earnings on December 31, 2017? What would be the amount of consolidated retained earnings on December 31, 2017, if the parent had applied either the initial value or partial equity method for internal accounting purposes? ts b. Under each of the following situations, what is the Investment in Rambis account balance on Herbert's books on January 1, 2018? The parent uses the equity method . The parent uses the partial equity method. . The parent uses the initial value method. c. Under each of the following situations, what is Entry C on a 2018 consolidation worksheet? . The parent uses the equity method The parent uses the partial equity method. The parent uses the initial value method. & Answer is not complete. Complete this question by entering your answers in the tabs below. Required A Required B Required C Under each of the following situations, what is Entry "C on a 2018 consolidation worksheet? (If no entry is required for a transaction/event, select No journal entry required" in the first account field.) The parent uses the equity method. The parent uses the partial equity method. The parent uses the initial value method. Show less & No Accounts Debit Credit 1January 01,2018 No jounal entry required No journal entry required expense Amortization expense Herbert dividends Herbert income