Consolidation Working Paper, Three years after Consolidation After Several Years Using Cost Method$($in thousands$)$

Required

Note: Provide all answers in thousands.

a$.$ Prepare PlanetTwo's journal entry or entries during $2024$ to report its investment in Stage $4$ Networks, on its own books.

Note: If no entry is required, select $"$N$/$A $-$ no debit entry is required" and $"$N$/$A $-$ no credit entry is required' as your answers.

b$.$ Prepare the working paper eliminating entries necessary to consolidate the accounts of PlanetTwo Communications and Stage $4$ Networks at December $31,2024.$

Required

Prepare the working paper eliminating entries necessary to consolidate the financial statements of Adams and Baker at December $31,2022.$

Enter answers using all zeros $($do not abbreviate answers to millions or thousands$).$acquisition

measurement period, the earnings contingency declined to a fair value of zero and the acquisition price was appropriately adjusted. Both companies have a June $30$ year$-$end.

At June $30,2015,$ GOC's total stockholders' equity was $$200$ million, as follows $($in millions$)$: