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Post Delivery Service acquired at book value 8 0 percent of the voting shares of Script Real Estate CompanyOn that date, the fair value of
Post Delivery Service acquired at book value percent of the voting shares of Script Real Estate CompanyOn that date, the fair value of the noncontrolling interest was equal to percent of Script's book value. Script Real Estate reported common stock of and retained earnings of $ During X Post Delivery provided courier services for Script Real Estate in the amount of $Also during x Script Real Estate purchased land for $ sold the land to Post Delivery Service for $ that Post Delivery could build a new transportation centerPost Delivery reported of operating income from delivery operations in x Script Real Estate reported net income of $ and paid dividends of in x Required: aCompute consolidated net income for X b Prepare all journal entries recorded by Post Delivery Service related to its investment in Script Real Estate assuming Post uses the fully adjusted equity method in accounting for the investment Note: If no entry is required for a transaction event, select No journal entry required in the first account field. View transaction list
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