OEMONSTRATION ASSIGNMENT: Chapter $5,$ Problem $34$

Add the following information to the problem: Slice Company owed Pie Corporation $$10,000$ on December $31,209.$

Reminder from Chapter $5,$ Problem $33$: TV $=$$$128,000$;$FV=$$$120,000$;$BV=$$$100,000$

$20$X$9$

Dec $31$ Investment in Slice Company

Income from Slice Company $]$

$31$ Cash $$20,00075\%$

Investment in Slice Company

$31$ Income from Slice Company years

$1,500$

$1,500$ Investment in Slice Company

ELIM B Common Stock $-$ Slice Company

Retained Earnings $-$ Slice Company

Income from Slice Company $]$

Income to Noncontrolling Interest $$36,00025\%$

Dividends Declared $-$ Slice Company

Investment in Slice Company $]$

$27,000$

$27,000$

Noncontrolling Interest $[$$$124,000*25\%]$

$\backslash$table$[[60,000,],[48,000,],[27,000,],[9,000,20,000],[,93,000],[,31,000]]$

$BV$ of $S=$$$60,000$ CS$-$S $+$$$48,000$ RE$-$S $+$$$36,000$ S NI $-$ $$20,000$ S DIV

ELIM A Depreciation Expense

$\backslash$table$[[2,000,1,500],[,500],[,],[20,000,],[2,500,4,000],[,13,875],[,4,625]]$

ELIM I Accounts Payable $-$ Slice Company

$10,000$

$10,000$OEMONSTRATION ASSIGNMENT: Chapter $5,$ Problem $34$

Add the following information to the problem: Slice Company owed Pie Corporation $$10,000$ on December $31,209.$

Reminder from Chapter $5,$ Problem $33$: TV $=$$$128,000$;$FV=$$$120,000$;$BV=$$$100,000$

$20$X$9$

Dec $31$ Investment in Slice Company

Income from Slice Company $]$

$31$ Cash $$20,00075\%$

Investment in Slice Company

$31$ Income from Slice Company years

$1,500$

$1,500$ Investment in Slice Company

ELIM B Common Stock $-$ Slice Company

Retained Earnings $-$ Slice Company

Income from Slice Company $]$

Income to Noncontrolling Interest $$36,00025\%$

Dividends Declared $-$ Slice Company

Investment in Slice Company $]$

$27,000$

$27,000$

Noncontrolling Interest $[$$$124,000*25\%]$

$\backslash$table$[[60,000,],[48,000,],[27,000,],[9,000,20,000],[,93,000],[,31,000]]$

$BV$ of $S=$$$60,000$ CS$-$S $+$$$48,000$ RE$-$S $+$$$36,000$ S NI $-$ $$20,000$ S DIV

ELIM A Depreciation Expense

$\backslash$table$[[2,000,1,500],[,500],[,],[20,000,],[2,500,4,000],[,13,875],[,4,625]]$

ELIM I Accounts Payable $-$ Slice Company

$10,000$

$10,000$

$8$:$49$

$40$

$4$ Safari

Expert$-$verified

Step $\frac{1}{2}$

To upload multiple pictures when asking a question on Chegg, follow these steps:

Begin by clicking on the image upload option.

Choose and upload your first image from your gallery.

Without clicking the "submit question" button, click on the image again.

This action will redirect you to the gallery once more.

Select and upload another image.

Repeat the process for each additional image you want to upload.

Once you have uploaded all the desired images, you can proceed to submit your question.

Explanation

What would you like to do next?

Review similar questions

Send to an expert $\frac{20}{20}$

You have $20$ expert questions left. Renews on Apr $7$

$8$:$49$

$40$

$4$ Safari

Expert$-$verified

Step $\frac{1}{2}$

To upload multiple pictures when asking a question on Chegg, follow these steps:

Begin by clicking on the image upload option.

Choose and upload your first image from your gallery.

Without clicking the "submit question" button, click on the image again.

This action will redirect you to the gallery once more.

Select and upload another image.

Repeat the process for each additional image you want to upload.

Once you have uploaded all the desired images, you can proceed to submit your question.

Explanation

What would you like to do next?

Review similar questions

Send to an expert $\frac{20}{20}$

You have $20$ expert questions left. Renews on Apr $7$

OEMONSTRATION ASSIGNMENT: Chapter $5,$ Problem $34$

Add the following information to the problem: Slice Company owed Pie Corporation $$10,000$ on December $31,209.$

Reminder from Chapter $5,$ Problem $33$: TV $=$$$128,000$;$FV=$$$120,000$;$BV=$$$100,000$

$20$X$9$

Dec $31$ Investment in Slice Company

Income from Slice Company $]$

$31$ Cash $$20,00075\%$

Investment in Slice Company

$31$ Income from Slice Company years

$1,500$

$1,500$ Investment in Slice Company

ELIM B Common Stock $-$ Slice Company

Retained Earnings $-$ Slice Company

Income from Slice Company

OEMONSTRATION ASSIGNMENT: Chapter $5,$ Problem $34$

Add the following information to the problem: Slice Company owed Pie Corporati