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Part B 1. Prepare consolidated Income statement, Retained Earnings Statement and Balanced Sheet for ABC Company for the year ended December 31, 2018. You should

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Part B 1. Prepare consolidated Income statement, Retained Earnings Statement and Balanced Sheet for ABC Company for the year ended December 31, 2018. You should use 4 column worksheets (Home office, Branch, Elimination and Combination). In the worksheet indicate the amounts as debit or credit. You need to assume account titles and account balances needed to prepare the worksheets and the financial statements. 2. Prepare home Office Adjusting and Closing Entries and Branch Closing Entries that should be done 31/12/2018 Part B 1. Prepare consolidated Income statement, Retained Earnings Statement and Balanced Sheet for ABC Company for the year ended December 31, 2018. You should use 4 column worksheets (Home office, Branch, Elimination and Combination). In the worksheet indicate the amounts as debit or credit. You need to assume account titles and account balances needed to prepare the worksheets and the financial statements. 2. Prepare home Office Adjusting and Closing Entries and Branch Closing Entries that should be done 31/12/2018

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