From consolidation entries S, A, I, and D, the balance of Investment in Allie Co. has $724,000 credit at the end of 2018. Prepare Entry *C consolidation worksheet entries for December 31, 2018(t+2). ?

What is the Equity in Allie Co. income balance on Choco's books as of December 31, 2018(t+2), if the initial value method has been applied? ?

Prepare Entry I, consolidation worksheet entries for December 31, 2018(t+2).

From consolidation entry S, A, I, and D, the balance of Investment in Allie Co. has $674,000 credit at the end of 2018. Prepare Entry *C consolidation worksheet entries for December 31, 2018(t+2).

Choco Inc. acquired all of the outstanding common stock of Allie Co. on January 1, 2017(t), for $620,000 cash. Following is the balance sheet for Allie Co. in December 31, 2016. Book Value Fair Value FV-BV Current assets Building (30 years) Equipment (10 years) Total liabilities Net assets Common stock Additional paid in capital Retained earnings 12/31/2016 Total Stockholders' equity Total liabilities and Stockholders' equity Allie (subsidiary) 2017(t+1) $100,000 200,000 300,000 $(140,000) $(140,000) $460,000 $560,000 $(200,000) (150,000) (110,000) $(460,000) $(600,000) Net income Dividends $(70,000) $100,000 260,000 340,000 2018(t+2) Net income $10,000 $(60,000) Dividends $10,000 After Choco's acquisition, Allie Co. didn't had any changes in common stock and additional paid in capital.