Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

NAME CWID# S's 20 X4 total dividends (of $400 ) were allocated $320 to P and $80 to the Non-controlling interest. The difference between P's

NAME CWID# S's 20 X4 total dividends (of $400 ) were allocated $320 to P and $80 to the Non-controlling interest. The difference between P's Income from S and P's share of S's allocated dividends was $2,182.4 while the dividends was $520.6 It is now12/31/20X4. Complete the consolidation worksheet found below (and on the next page). YOU MAY USE WORD OR EXCEL !!! Assume that P used the complete equity method properly. Consolidated balances must articulate with the other related amounts in order to earn full credit. Calculations (almost solely) relate to the totals and/or subtotals within the worksheet. (There may be extra worksheet rows.) 12//31//20X4 P Dr(Cr) S Dr(Cr) bar(" Dr ") Cr Consol Dr(Cr) Current assets $16,000 $6,000

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions