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Please help me on C,D & F Thank you! b. Calculate and organize the profits and losses on intercompany transactions and balances. begin{tabular}{|l|r|r|} hline Intercompany
Please help me on C,D & F Thank you!
b. Calculate and organize the profits and losses on intercompany transactions and balances. \begin{tabular}{|l|r|r|} \hline Intercompany profit on 1/1/22 & Downstream & Upstream \\ \hline Intercompany profit on 12/31/22 & 0 & 26600 \\ \hline \end{tabular} c. Compute the pre-consolidation Equity Investment account beginning and ending balances starting with the stockholders' equity of the subsidiary. Use a negative sign with your answer to indicate a reduction to net income. d. Reconstruct the activity in the parent's pre-consolidation Equity Investment T-account for the year of consolidation. \begin{tabular}{|l|r|l|} \hline & Equity Investment \\ \hline Equity Investment at 1/1/22 & 0 & 0 \\ \hline Net income & 0 & 0 Dividends \\ \hline BOY upstream inventory profits & 0 & 0 AAP amortization \\ \hline & 0 & 0 EOY upstream inventory profits \\ \hline Equity Investment at 12/31/22 & 0 & 0 \\ \hline \end{tabular} e. Independently compute the owners' equity attributable to the noncontrolling interest beginning and ending balances starting with the owners' equity of the subsidiary. Use a negative sign with your answer to indicate a reduction to net income. f. Independently calculate consolidated net income, controlling interest net income and noncontrolling interest net income. Use a negative sign with your answer to indicate a reduction to net income. g. Complete the consolidating entries according to the C-E-A-D-I sequence. b. Calculate and organize the profits and losses on intercompany transactions and balances. \begin{tabular}{|l|r|r|} \hline Intercompany profit on 1/1/22 & Downstream & Upstream \\ \hline Intercompany profit on 12/31/22 & 0 & 26600 \\ \hline \end{tabular} c. Compute the pre-consolidation Equity Investment account beginning and ending balances starting with the stockholders' equity of the subsidiary. Use a negative sign with your answer to indicate a reduction to net income. d. Reconstruct the activity in the parent's pre-consolidation Equity Investment T-account for the year of consolidation. \begin{tabular}{|l|r|l|} \hline & Equity Investment \\ \hline Equity Investment at 1/1/22 & 0 & 0 \\ \hline Net income & 0 & 0 Dividends \\ \hline BOY upstream inventory profits & 0 & 0 AAP amortization \\ \hline & 0 & 0 EOY upstream inventory profits \\ \hline Equity Investment at 12/31/22 & 0 & 0 \\ \hline \end{tabular} e. Independently compute the owners' equity attributable to the noncontrolling interest beginning and ending balances starting with the owners' equity of the subsidiary. Use a negative sign with your answer to indicate a reduction to net income. f. Independently calculate consolidated net income, controlling interest net income and noncontrolling interest net income. Use a negative sign with your answer to indicate a reduction to net income. g. Complete the consolidating entries according to the C-E-A-D-I sequenceStep by Step Solution
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