Question
Big Bird Ltd owns 61% of Peter Pan Ltd, 49% of Scooby-doo Ltd, and 76% of Sponge Bob Ltd. Below are the individual Balance Sheets
Big Bird Ltd owns 61% of Peter Pan Ltd, 49% of Scooby-doo Ltd, and 76% of Sponge Bob Ltd. Below
are the individual Balance Sheets for Big Bird Ltd, Peter Pan Ltd, Scooby-doo Ltd, Sponge Bob Ltd and
the consolidated Balance Sheet of Big Bird Group Ltd. There are a number of errors in the consolidated
Balance Sheet.
determine what those errors are and to correctly recalculate the consolidated Balance Sheet.
b) the journal entry for Big Bird Ltd to record the work paper investment elimination entries
c) a recalculated classified consolidated Balance Sheet in correct form.
the firs 5 attachments is related to the question , the other 3 attachments is what must be filled
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Accounting
Authors: Lew Edwards, John Medlin, Keryn Chalmers, Andreas Hellmann, Claire Beattie, Jodie Maxfield, John Hoggett
9th edition
1118608224, 1118608227, 730323994, 9780730323990, 730319172, 9780730319177, 978-1118608227
