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expert only please show computation! please dont refer me to another site for charge! if you dont under the problem please dont attempt to solve
expert only please show computation! please dont refer me to another site for charge! if you dont under the problem please dont attempt to solve it, leave it for the experts. thanks
2. Prepare consolidation working paper elimination journal entries (in thousands): 3. Complete Consolidation Working Paper Use negative signs with your credit (Cr) balance answers in the Superbarn and Consolidated Balances columns. Exchange rates: Goodwill arising from the acquisition of Superbarn was impaired by A\$5 million in fiscal 2023. a. Prepare a working paper to consolidate the trial balances of Pathway and Superbarn for fiscal 2023. 1. Translate Superbarn's January 31, 2023 trial balance. Use negative signs with Cr (credit balance) answers. b. Present the consolidated balance sheet and statement of comprehensive income for fiscal 2023 , in good form. Do not use negative signs with your answers in the consolidated statement of comprehensive income below. Do not use negative cione meith unur aneumare in thn rnmenlidated balance sheet below. On February 1, 2022, Pathway Inc., a U.S. company, acquired all of the outstanding shares of Superbarn Supermarkets, an Australian chain, for A\$150 million in cash. Superbarn's assets and liabilities were reported at amounts approximating fair value, but it had previously unrecorded intangible assets (5-year life, straight-line) valued at A\$10 million. Superbarn's functional currency is the Australian dollar (A\$). Pathway uses the complete equity method to record its investment in Superbarn on its own books. The January 31,2023 trial balances of the two companies are below. - Do not use negative signs with any of your answers. - Using the drop-down menu, select the appropriate answer to indicate a translation gain or translation loss Step by Step Solution
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