Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jan 02, 2021

prepare the eliminating entries needed at December 31 2009 and prepare the consolidated income statement retained earnings statement and balance sheet as of December 31

prepare the eliminating entries needed at December 31 2009 and prepare the consolidated income statement retained earnings statement and balance sheet as of December 31 2009 using spreadsheet software Microsoft Excel

Step by Step Solution

★★★★★

3.38 Rating (151 Votes )

There are 3 Steps involved in it

Step: 1

1 Preparation of Income Statement The income statement reports net income or loss incurred du... blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Accounting Texts and Cases

Authors: Robert Anthony, David Hawkins, Kenneth Merchant

13th edition

1259097129, 978-0073379593, 007337959X, 978-1259097126

More Books

Students explore these related Accounting questions

Question

Prepare a balance sheet as of June 30, for the J. L. Gregory Company, using the following data: Accounts payable Accounts receivable Accrued expenses Accumulated depreciation 241,000 505,000 107,000...

Answered: 3 weeks ago

Question

The Edwards Lake Community Hospital balance sheet as of December 31, 2016, follows. Required a. Record in general journal form the effect of the following transactions during the fiscal year ended...

Answered: 3 weeks ago

Question

Assume instead that on January 1, 2009, Roberts Corporation acquired 80 percent of the outstanding voting stock of William Company in exchange for $1,200,000 cash. At that time, although William's...

Answered: 3 weeks ago

Question

The Shannon Township Debt Service Fund accumulates resources to pay its $2 million general obligation debt. The debt is payable in equal annual installments of principal over 10 years with 5%...

Answered: 3 weeks ago

Question

How does a diesel engine differ from a gasoline engine?

Answered: 3 weeks ago

Question

Suppose that a company's sales were $1,000,000 four years ago and are $4,000,000 at the end of the four years. Find the geometric mean growth rate of sales.

Answered: 3 weeks ago

Question

Research shows that an eyewitnesss memory for details of crimes can contain signifi cant errors. How might a lawyer useLO 22-1 How do people use language?

Answered: 3 weeks ago

Question

Bristol Manufacturing, Inc., uses the job order cost system of accounting. The following information was taken from the company's books after all posting had been completed at the end of May: a....

Answered: 3 weeks ago

Question

6) Coastal Shores Inc. (CSI) was destroyed by Hurricane Fred on August 5, 2016. At January 1, CSI reported an inventory of $170,000. Sales from January 1, 2016, to August 5, 2016, totaled $480,000...

Answered: 3 weeks ago

Question

There is an array A made of N integers. Your task is to choose as many integers from A as possible so that, when they are put in ascending order, all of the differences between all pairs of...

Answered: 3 weeks ago

Question

Can you answer all the question?Please..........................................................I have attached the question. ACT 412 and 690 Exam 1 Spring 2016...

Answered: 3 weeks ago

Question

A zinc die casting has a critical dimension of 7.500 in when it solidifies in the mold at its melting temperature because 7.500 in is the corresponding mold dimension. What is the value of this part...

Answered: 3 weeks ago

Question

One of your colleagues is planning on changing (ie. altering the numbers) his collected data to make the data "say" what he wants the data to state. His plan is to submit the abstract to a national...

Answered: 3 weeks ago

Question

Assume food delivery firms like Swiggy are making huge profits. Higher profits may attract the entry of new firms into the food delivery industry. Explain what could be the impact of entry on the...

Answered: 3 weeks ago

Question

"This problem has such a simple solution. Why are we spending so much time discussing this? I could have been finishing my work instead of wasting my time here," thought Lamar while attending a...

Answered: 3 weeks ago

Question

Time Dilation: An astronaut travels at a speed of 0.95c away from Earth. The astronaut sends a light signal back to Earth every 1.0 s, as measured by her clock. An observer on Earth notes that these...

Answered: 3 weeks ago

Question

If a device has no default gateway or a bad default gateway, its traffic will be able to leave the LAN.TrueFalse

Answered: 3 weeks ago

Question

On October 1, 2014, the Dow Jones Industrial Average (DJIA) opened at 17,042 points. During that day it lost 237 points. On October 2 it lost 4 points. On October 3 it gained 209 points. Deter-mine...

Answered: 3 weeks ago

Question

Campar Industries, Inc., was a multidivisional firm whose several divisions competed in different countries. This case deals with variance analysis problems in several of the divisions. ALPHA...

Answered: 3 weeks ago

Question

The Giamatti Construction Company primarily builds houses, and rarely is a house only partially completed as of December 31. However, this year Giamatti is also building a motel, which it started in...

Answered: 3 weeks ago

Question

We had to do something different. The company was doing great according to all the performance indicators we monitored, and our managers were earning nice bonuses, but the shareowners weren't...

Answered: 3 weeks ago

Question

The data listed in the following table are from a study by Benignus and others (1981). Blood and brain levels of toluene (a commonly used solvent) were measured in rats following a 3-hour inhalation...

Answered: 3 weeks ago

Question

The following table gives rat body weights (in grams) and latency to seizure (in minutes), following injection of 40 mg/kg of body weight of metrazol. a. Draw a scatter diagram on graph paper, with...

Answered: 3 weeks ago

Question

The accompanying table gives the dry weights (Y) of 11 chick embryos ranging in age from 6 to 16 days (X). Also given in the table are the values of the common logarithms of the weights (Z). a....

Answered: 3 weeks ago

Previous Question Next Question