What method is Palmer using to account for its investment in Stevens? How can you tell?
B. Prepare in general journal form the workpaper entry to allocate and depreciate the difference between book value and the value implied by the purchase price in the December 31, 2011, consolidated statements wallpaper.
C. Prepare a consolidated financial statements workpaper for the year ended December 31, 2013.
D. Prepare in good form a schedule or t-account showing the calculation of the controlling and noncontrolling interest in consolidated net income for the year ended December 31, 2013.