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hi i need help with this asap. thanks. please help to get working worksheets as requested Prepare the corresponding consolidating worksheets based on the following
hi i need help with this asap. thanks. please help to get working worksheets as requested
Prepare the corresponding consolidating worksheets based on the following facts. Companies involved: Parent and Sub. Date of acquisition: Jan. 1, Date of the worksheets ou must repare: December 31, Percentage of common shares of S owned b P Price paid b p At the time of acquisition these were some values concerning S: Common stock Aditional paid-in capital Retained earnin s Inventories Other current assets Plant & equipment, remaining life: Land Long term liabilities; remaining life: Intangibles amortization: Intercompany transactions: Upstream inventory sales % in ending inventory Gross profit rate on sales Upstream building, sale, Dec. 31 Sold for Book value at time of sale Remaining life: % of S bonds purchased by P, Jan. 1 Price paid BV at that date Remaining life: Maturity value of acquired bonds Re uired: Years 10 6 5 8 5 126,000 8.40% 42.00% 840,000 840,000 554 FMV.BV 672,000) (252,000) 252,000 114,597 12.10% 60.48% 107,100 10.08% 50.40% 600/0 a. b. c. Comg lete the worksheets for 20X4-6, by calculating the Controlling and Non-controlling shares of Income from S were arrived at in X5 and Prepare separate schedules for year ends X5 and reconcile the Investment account with S's stockholders' equity. repare schedules for year ends X5 and X6, reconcile the endin Noncontrollinglnterest with S's stockholders'equi
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