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There is no more additional information about this question. I post everything for this question. you are right i send you the additional information Bolero
There is no more additional information about this question. I post everything for this question.
you are right i send you the additional information
Bolero Company holds 70 percent of the common stock of Rivera, Inc., and 30 percent of this subsidiary's convertible bonds. The following consolidated financial statements are for 2020 and 2021 (credit balances indicated by parentheses): Bolero Company and Consolidated Subsidiary Rivera 2020 Revenues (885,000) Cost of goods sold 607,000 Depreciation and amortization 97,000 Gain on sale of building Interest expense 37,000 Consolidated net income (144,000) to noncontrolling interest 16,000 to parent company (128,000) Retained earnings, 1/1 $ (307,000) Net income (128,000) Dividends declared 57,000 Retained earnings, 12/31 $ (378,000) Cash $ 87,000 Accounts receivable 164,000 Inventory 207,000 Buildings and equipment (net) 647,000 Databases 164,000 Total assets $ 1,269,000 Accounts payable $ (147,000) Bonds payable (407,000) Noncontrolling interest in Rivera (39,000) Common stock (114,000) Additional paid-in capital (184,000) Retained earnings (378,000) Total liabilities and equities $(1,269,000) 2021 $(1,015,000 647,000 114,000 (27,000) 37,000 (244,000) 18,000 $ (226,000) $ (378,000) (226,000) 107,000 $ (497,000) $ 164,000 147,000 354,000 711,000 152,000 $ 1,528,000 $ (114,000) (514,000) (48,000) (137,000) (218,000) (497,000) $ (1,528,000) Additional Information for 2021Step by Step Solution
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