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Prepare consolidation spreadsheet for intercompany sale of land - Equity method account for its Equity Investment. Financial statements of the parent and its subsidiary for
Prepare consolidation spreadsheet for intercompany sale of land - Equity method account for its Equity Investment. Financial statements of the parent and its subsidiary for the year ended December 31, 2019 are presented in d. below. a. Show the computation to yield the $45,000 of Income (loss) from subsidiary reported by the parent for the year ended December 31,2019 Note: Use a negative sign with an answer to indicate a reduction in the computation. b. Show the computation to yield the $477,000 Equity Investment account balance reported by the parent on December 31, 2019. Note: Use a negative sign with an answer to indicate a reduction in the computation. c. Prepare the consolidation entries for the year ended December 31, 2019. d. Prepare the consolidation spreadsheet for the year ended December 31, 2019. Use negative signs with answers in the Consolidated column for Cost of goods sold, Operating expenses and Dividends. Prepare consolidation spreadsheet for intercompany sale of land - Equity method account for its Equity Investment. Financial statements of the parent and its subsidiary for the year ended December 31, 2019 are presented in d. below. a. Show the computation to yield the $45,000 of Income (loss) from subsidiary reported by the parent for the year ended December 31,2019 Note: Use a negative sign with an answer to indicate a reduction in the computation. b. Show the computation to yield the $477,000 Equity Investment account balance reported by the parent on December 31, 2019. Note: Use a negative sign with an answer to indicate a reduction in the computation. c. Prepare the consolidation entries for the year ended December 31, 2019. d. Prepare the consolidation spreadsheet for the year ended December 31, 2019. Use negative signs with answers in the Consolidated column for Cost of goods sold, Operating expenses and Dividends
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