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Data Parent's share of subsidiary 100% FV of Sub's assets FV of Sub's liabilities Current assets 59,000 Current liabilities 24,000 Non current assets 45,000 ASSETS

Data
Parent's share of subsidiary 100%
FV of Sub's assets FV of Sub's liabilities
Current assets 59,000 Current liabilities 24,000
Non current assets 45,000
ASSETS LIABILITIES AND STOCKHOLDERS' EQUITY
Parent Subsidiary Eliminate Consolidate Parent Subsidiary Eliminate Consolidate
Current Assets 143,000 56,000 Current liabilities 147,000 32,000
Investment in Subsisdiary 80,000 Minority Interest
Goodwill
Non-Current assets 182,000 49,000 Common stock 258,000 73,000
TOTAL ASSETS 405,000 105,000 TOTAL LIAB & STOCK EQ 405,000 105,000
Elimination Entry
Debit Credit
Totals
image text in transcribed
advanced accounting, can each section for journal entry be completed?
Insert Draw Home Page Layout Formulas Data Review View a Garamond 11 ' ' X % Conditional Formatting Format as Table Cell Styles Paste Number B 1 a-A URE v Office Update To keep up-to-date with security updates, fixes, and improvements, choose Check for Updates. 128 fx B D A E F G H K 100% FV of Sub's liabilities Current liabilities 24,000 59.000 45.000 ASSETS Parent Subsidiary Eliminate Consolidate LIABILITIES AND STOCKHOLDERS' EQUITY Parent Subsidiary Eliminate Consolidate 143,000 56,000 Current liabilities 147,000 32,000 80,000 Minority Interest 182,000 49,000 Common stock 258,000 73,000 Data Parent's share of subsidiary FV of Sub's assets Current assets 5 Non current assets 6 7 8 9 10 Current Assets 11 12 Investment in Subsidiary 13 14 Goodwill 15 16 Non-Current assets 17 18 19 TOTAL ASSETS 20 21 22 Elimination Entry 23 24 25 26 27 28 29 30 31 32 Totals 33 34 405,000 105.000 TOTAL LIAB & STOCK EQ 405,000 105,000 Debit Credit PROB2 PROB3 PROB6 PROB7 PROB10 + Ready Insert Draw Home Page Layout Formulas Data Review View a Garamond 11 ' ' X % Conditional Formatting Format as Table Cell Styles Paste Number B 1 a-A URE v Office Update To keep up-to-date with security updates, fixes, and improvements, choose Check for Updates. 128 fx B D A E F G H K 100% FV of Sub's liabilities Current liabilities 24,000 59.000 45.000 ASSETS Parent Subsidiary Eliminate Consolidate LIABILITIES AND STOCKHOLDERS' EQUITY Parent Subsidiary Eliminate Consolidate 143,000 56,000 Current liabilities 147,000 32,000 80,000 Minority Interest 182,000 49,000 Common stock 258,000 73,000 Data Parent's share of subsidiary FV of Sub's assets Current assets 5 Non current assets 6 7 8 9 10 Current Assets 11 12 Investment in Subsidiary 13 14 Goodwill 15 16 Non-Current assets 17 18 19 TOTAL ASSETS 20 21 22 Elimination Entry 23 24 25 26 27 28 29 30 31 32 Totals 33 34 405,000 105.000 TOTAL LIAB & STOCK EQ 405,000 105,000 Debit Credit PROB2 PROB3 PROB6 PROB7 PROB10 + Ready

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