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Consolidation Eliminating Entries, First Year for its investment in Slattery on its own books. a . Calculate the goodwill reported for this acquisition, and its
Consolidation Eliminating Entries, First Year
for its investment in Slattery on its own books.
a Calculate the goodwill reported for this acquisition, and its allocation to Packer and to the noncontrolling interest in Slattery.
b Calculate equity in net loss for reported by Slattery, and the noncontrolling interest in Slattery's net loss for reported on the consolidated income statement.
Note: Use negative signs with answers that reduce net income amounts
c Prepare eliminating entries CER and N necessary to consolidate the separate trial balances of Packer and Slattery at December
d At what amount is the noncontrolling interest in Slattery reported on the December consolidated balance sheet?
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