Chapter 3 Homework 1. Davis acquires 100% of Ramos on January 1, 2009. Ramos will be operated as a separate subsidiary. Davis will use the equity method to account for its investment in Ramos. In 2013, $200,000 and pays dividends of $75,000. At acquisition date, Davis has a building with a book book value of $800,000 and fair value of $900,000. Both buildings have a remaining useful life a. Prepare consolidation worksheet "D" to reflect the necessary adjustment for dividends C. Prepare worksheet entry "A" at December 31, 2013 (assume there is no goodwill). of 10 d. How much is consolidated buildings at December 31, 2013