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Pro Corporation purchased 1 0 , 0 0 0 shares of Schroeder Corporation on January 1 , 2 0 X 3 , at book value.
Pro Corporation purchased shares of Schroeder Corporation on January X at book value. At that date, the fair value of the noncontrolling Interest was equal to percent of Schroeder's book value. On December X Schroeder reported these balance sheet amounts: tableAssetsLiabtittes and Ecultles,cash$Necounts payable,$ Rcaounts Recelvable,ponds gaysble,Tnventoryconndox stode,Dudings and Equiphent,Additlona PaldIn Captal,Less : nccumulated Depreclation,Retalned Earnings,Total Assets,$ Total Liabilities and Equit.,S On January Schroeder issued an additional shares of its $ par value common stock to Nonaffiliated Company for $ per share. Required: a Compute the change in book value of the shares held by Pro as a result of Schroeder's issuance of additional shares. b Prepare the entry to be recorded on Pro's books to recognize the change in book value of the shares it holds, assuming the change in book value is to be treated as an adjustment to additional paid in capital. c Record the consolidation entry needed to prepare a consolidated balance sheet immediately after Schroeder's issuance of additional shares. Answer is not complete. Complete this question by entering your answers in the tabs below. Required A Required Required Compute the change in book value of the shares held by Pro as a result of Schroeder's issuance of additional shares. Note: Do not round the percentage of stock held. Change in book value of shares S
Pro Corporation purchased shares of Schroeder Corporation on January X at book value. At that date, the fair value of the noncontrolling Interest was equal to percent of Schroeder's book value. On December X Schroeder reported these balance sheet amounts:
tableAssetsLiabtittes and Ecultles,cash$Necounts payable,$ Rcaounts Recelvable,ponds gaysble,Tnventoryconndox stode,Dudings and Equiphent,Additlona PaldIn Captal,Less : nccumulated Depreclation,Retalned Earnings,Total Assets,$ Total Liabilities and Equit.,S
On January Schroeder issued an additional shares of its $ par value common stock to Nonaffiliated Company for $ per share.
Required:
a Compute the change in book value of the shares held by Pro as a result of Schroeder's issuance of additional shares.
b Prepare the entry to be recorded on Pro's books to recognize the change in book value of the shares it holds, assuming the change in book value is to be treated as an adjustment to additional paid in capital.
c Record the consolidation entry needed to prepare a consolidated balance sheet immediately after Schroeder's issuance of additional shares.
Answer is not complete.
Complete this question by entering your answers in the tabs below.
Required A
Required
Required
Compute the change in book value of the shares held by Pro as a result of Schroeder's issuance of additional shares.
Note: Do not round the percentage of stock held.
Change in book value of shares
S
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