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Big Co acquired of the common Stock of Little Co . on 1 / 1 / 2 2 for . Little's bock value on that

Big Co acquired of the common Stock of Little Co. on 1/1/22 for . Little's bock value on that date was . Little had the following misvalued/unreported assets and liabilities: Land, undervalued by Inventory, FIFO basis, undervalued by Equipment, 10 year life, undervalued by Customer list, 2 year life, valued at but unreported on balance sheet. Any remaining differential is attributed to goodwill Big Co uses the EQUITY METHOD to account for their investment in Little In 2022, Little reported earnings of and paid dividends of In 2023 Little reported earnings of and paid dividends of . The trial balances for , and are given below. Required: Prepare elimination entries at and complete the "Consolidation at acquisition" worksheet 1. Prepare elimination entries at and complete the "Consolidation at acquisition" worksheet 2. Prepare elimination entries at and complete the "Consolidation at acquisition" (12/31/23) worksheet 3. Prepare elimination entries at and complete the "Consolidation at acquisition" (12/31/22) worksheet You HAVE to "work down" the Big and Little columns in the worksheet to get the ending R/E values to plug into the worksheeT

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