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Consolidation Working Paper, Three years after acquisition At June 30, 2015, GOC's total stockholders' equity was $120 million, as follows (in millions): year. The acquisition

image text in transcribedimage text in transcribed Consolidation Working Paper, Three years after acquisition At June 30, 2015, GOC's total stockholders' equity was $120 million, as follows (in millions): year. The acquisition date remaining lives of its assets and liabilities are as follows: $6 million in fiscal 2018. ITI and GOC at june 30,2018 , are as follows: a. Prepare a schedule that computes the June 30, 2018, investment in GOC balance and 2018 equity in net income on ITY's books. - Use negative signs with your answers that reduce equity in net income and the investment balance. - Use a negative sign for equity in net loss answers. b. Use a working paper to consolidate the trial balances of ITI and GOC at June 30, 2018. Remember to use negative signs with your credit balance answers in the Dr(Cr) columns. Consolidation Working Paper, Three years after acquisition At June 30, 2015, GOC's total stockholders' equity was $120 million, as follows (in millions): year. The acquisition date remaining lives of its assets and liabilities are as follows: $6 million in fiscal 2018. ITI and GOC at june 30,2018 , are as follows: a. Prepare a schedule that computes the June 30, 2018, investment in GOC balance and 2018 equity in net income on ITY's books. - Use negative signs with your answers that reduce equity in net income and the investment balance. - Use a negative sign for equity in net loss answers. b. Use a working paper to consolidate the trial balances of ITI and GOC at June 30, 2018. Remember to use negative signs with your credit balance answers in the Dr(Cr) columns

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