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The following are selected accounts and balances for Jonah Company and Hill, Incorporated, as of December 3 1 , 2 0 2 4 . Several

The following are selected accounts and balances for Jonah Company and Hill, Incorporated, as of December 31,2024. Several of Jonah's accounts have been omitted. Credit balances are indicated by parenthesesDividends were declared and paid in the same period Revenues Accounts Cost of goods sold Depreciation expense Investment income Retained earnings, 1/1/24 Dividends declared Current assets Land Buildings (net) Equipment (net) Liabilities stock Additional paid-in capital Jonah (610,000)262,000130,000(250,000)104,000 Not given (904,000)96,00040,000 Not given (590,000)36,000204,000690,000286,00082,00016,000152,000210,000246,000(390,000)(310,000)(316,000)(42,000)(52,000)(880,000) Assume that Jonah acquired Hill on January 1,2020, by issuing 7,000 shares of common stock having a par value of $10 per share a fair value of $100 eachOn January 1,2020, the following assets were either under- or overvalued Select Assets Land Buildings Equipment Proprietary Database Direction Undervalued Overvalued Undervalued Appraised Value Value Useful Life 18,60029,600 Years 61,200Years 110,00020 Years Note: The proprietary database was developed internally by Hill Annual Excess Amortizations Accounts Allocation Useful Life Land Buildings 18,600(29,600) years Equipment 61,200years Proprietary Database 110,00020 years (2,960)12,2485,500 Total 14,780 Required : a Determine the December 31,2024, consolidated totals for the accounts given b requirement part (), can the consolidated totals be determined without knowing which method the parent used to account for the subsidiary the parent uses the equity method, what consolidation entries would be used on a 2024 worksheet ?
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