Question
What are the consolidated journal entries for the following: 1. Goodwill allocation between Parent and NCI 2. Ending investment balances of Parent investment in Subsidiary
What are the consolidated journal entries for the following:
1. Goodwill allocation between Parent and NCI
2. Ending investment balances of Parent investment in Subsidiary and NCIs investment in Subsidiary
3. The amount of annual excess amortization and the ending net amount for assets
4. The allocation of Subsidiary net income to Parent and NCI
5. The allocation of dividends declared by the Subsidiary to Parent and NCI
6. Deferred and subsequent recognition of gross profit from intra-entity sales for the consolidation entries needed in preparing the consolidation worksheet
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