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Prepare the C, E, A, and D consolidating entries. For the E entry, use Stockholder's equity for the summary amount, for the A and D
Prepare the C, E, A, and D consolidating entries.
For the E entry, use Stockholder's equity for the summary amount, for the A and D entries, use the AAP Assets for the summary amount.
Assume the following facts relating to a 90% owned subsidiary company: \begin{tabular}{|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline \multicolumn{13}{|c|}{ Assume the following facts relating to a 90% owned subsidiary company: } \\ \hline \multicolumn{2}{|c|}{ BOY Stockholder's Equity } & & 900,000 & 810,000 & 90,000 & Book Value & C & Equity Income & 18,000 & & C & (17,000) \\ \hline 117,900 & & & 18,000 & & & & & 1 & & & & \\ \hline \end{tabular} Assume the following facts relating to a 90% owned subsidiary company: \begin{tabular}{|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline \multicolumn{13}{|c|}{ Assume the following facts relating to a 90% owned subsidiary company: } \\ \hline \multicolumn{2}{|c|}{ BOY Stockholder's Equity } & & 900,000 & 810,000 & 90,000 & Book Value & C & Equity Income & 18,000 & & C & (17,000) \\ \hline 117,900 & & & 18,000 & & & & & 1 & & & & \\ \hline \end{tabular}Step by Step Solution
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