Question
djust the separate financial statements of Sun Company to reflect the proposed acquisition. Adjust the given Sun's pro forma 2024 financial statements to reflect the
djust the separate financial statements of Sun Company to reflect the proposed acquisition. Adjust the given Sun's pro forma 2024 financial statements to reflect the proposed acquisition (i.e., adjust Parent's forecasted financial statements - Statement of Operations, Statement of Retained Earnings and Balance Sheet) for bond issuance, stock purchase, income from subsidiary, etc.). Support your statements with appropriate work papers and journal entries. 2. Prepare pro forma consolidation worksheet. Prepare a pro forma consolidation worksheet for Sun Company and it's proposed subsidiary Moon Company as of December 31, 2024. Use the adjusted pro forma 2024 financial statements of Sun Company prepared in #1 and the projected 2024 financial statements of Moon company in table 1. Show all consolidation adjusting entries including non controlling interest (NCI) entries.
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