| Nora NIM | rama dase F Tee Nasyrah oor, SE RET a - | | Mata Funak _Reuntan kegangon lengtan Tt eee i a Recod equity - method income + 4 30.000 ¥ O70 b) Toumay entes recoded by |e i ss Investmen! in corn corroretion Stoce eed aeviderids from corn cortorati¢n © 8 25000 * 080 income fom corn Corroration — 63.190 1 —| "ee in cern corporation stock G3 120 | | eaotd equity mietted income (8 600c0 + $ 18.900) x 0/80 | napmmie rom corn Corporation 8.00 vesmont ia con coreration stock “8.000 ce dnrerertiat eétated 40 trademark (3 S000 /s years) * 0180 Scanned with CamScanner©) Eltminating entries Book vale calculations nn nee Original book value + Net income = Dividends Ending book vawe Basic elimination enty Common stack Retatned Farat Income from Bark @ Mer NI oF Bare —___ Drvidenls: dectared Investment th Bark ¢o. NCI in A oF Bark @. "Brees vatae (diprerential ) caicuiarions + __Enaing baie Fimortvaed value reclassification enkty + " : = | (maine eo Income From Bare co 2100 5 tel in NI OF Bane @. 00 Excess vowe (distereniial’) reciassisici Buildings ond equipment ~~ flecurmulated deprecation — \avestment in Bare “NC in NA OF Barr co. Scanned with CamScannerBoor vale antctnations Wl parpre cae por el Original peor ratue (24 009 536.000 + Nat Income 19.180 62.120 > Drvidenels (5000) (20.000) Ending book valve “90 SH Basic elimination entrg Common stock Retained earnings Income from com ap Nel ia N| oF corn CorP Dividends dectared Ievestrnent on corn cor? NG in NM oF com corr Excess value (di jal) cateylahons Na + Purple core aes Freese value (drferentiai) eclassifeation ent ee 20.000 ~Investenent in Gora fe Nal in NA oF om Scanned with CamScanner| y= a4 ile oF subsidiary stare ce : “ ee Z | . + a) Boor value a oy i ee Retained | Petoined earnings Income from ENC ©. NCL in NI oF ENC Scanned with CamScanner+b) Prepare a consolidation wirersheet for 2084 fem | Ene | Elimination Entries | ‘onsordated ont @. + or Income statement Saves 00.0% | \70.000 450.000 Gain on syle oF ENC Stock (0c) 6 10.000 0 less + - coos y10.049 | (100.000) (x10.0c0) = Deprecation exvense | (70.000) | (15.000) (36 020) > orher erpenise (21-0005) | (25.000) (46.000) lacome From ENC co. (9.000 o 16-000 ° Consoudated net tneome 57-000 | 30009 | 26.00 oO |, 9.000 | NCI ia Net Jacome 12,000 (12.000) | Coneroling (neerest in NT 57.000 | 30.000 | 40.000 0 47.000 | | Statement o¢ Retarred Earnings | | | Beginning barane 390.00 | 130.000 | 130000 320.000 | | Net Income. stao | 300 | 406] 0 41-000 | Less + dividends dectared | (190%) | ('0.000) woo | (oc) | | Ending batance “wezego | 150.000 | (0.000 | 10000 | 352.000 | | Bola sheet : | ash * : 3.000 | 35000 65.000 | Aecour receivable | roam | s0000 10.000 | Inventory. 170.000 | 100.000 220.000 « } Building ond equipment 650000 | 239-000 890.000 Less + Accumulated depré — | (it0.000) | (5.000) (766.00) | Investment i Enea 162.000 ° 162.000 0 | Total Assets 662-000 | 320.000 | 0 (62.000 | 1.020.000 | | "| Recount Payable i 50.005 | 70000 7p.000 | Bonds feyable 200000 | 30.200 230.000 Gmrmon stock 300.008 | 100-090 | 100.000 700.000 Additional paid in- cavital 50.000 20-000 10.000 | 19.000 0.000 Retained Earnings 367.000 | 140.000 | 170.000 | 0.000 | 352.000 NCI in NA OFENC C0. 108.000 108-000 oral WeabiliF(€S ond equity | 862.020 | 370-000 | p90.000 | 179.000 | 1.020.000 Scanned with CamScannera) Give 40 woresheet elimination entry needed in ereparirg a consolidated! balance sheet Jan 1 | Book valle calculations + Nel + Cart corp =: Gammon + Pddpuid + Retained I g 0.000 + 3 300000 + (30x 40090 chores) 190.000 © s 50000 + [(su5-s10) x 4.000 shares] $520,000 + 3 780000 x (1.000 shares / my.cc0 shares) 's 260.000 @ 7900 « (G.000 share / 24.009 Shares) i Fournal entcy recorded by cra corrocation | (ovestment ra delta corpomtion stock 40-000 ie Additionaf roid tn autiat a 40.000 i : Book value oF Shares held by crart TRL sale # 180.000 # (16 600 / 24-060) § 520.000 ——~ Besore rate $ 600.000 x (16 000 / 20.000) (ae0.0ce) a Increase in Boor valve 5 40.000 do Scanned with CamScanner 31 6691 stock in capita] §—aarnings original book ratve 130.000 480.000 200.000 50.000 | New stare 140.000 ‘40.000 49.000 (40 00) | Frting bxor wine = goo ~«Cgm SSD O00 i Common stock 210.000 | Adattional acl if capita. 190.000 | Retained earnings 350.000 Investment in deta cor? 520000 eae Nel in HA oF detta corr 360.000 =5) Prerare consolidated porarce sheet worksheet as OF the clase OF bystress on son a! Crore pelta Elimination Enkies oe a i Ze] Consolidated Balance sheet Cash suo | 730000 260-000 Account recetvaple 90.000 | 120.0% 210.000 Inventory 180.000 | 200.000 380-000 Buliding and equipment 700.000 | 600.000 1 300.000 Jess + accumulated dere ~| (pao.cc0)| (e200) | (420 000) Investment in delta corp 50.000 o a 520.000 a “Tolal asseis {1310-0 | 930000 0 590.000 | {. 750.00 Recount Payabe 70.000 | 70.00 | 140.000 Amertages Payable 380.000 ‘aes 250000 Taxes payable ef 80,000 Common stoce : 300.000 | 240.000 | 0.000 300.00 Adelitionat paid fa caprtal 220.000 | «o.000 | 130% 220.000 Retarred enrningg 500.000 | 360.000 | 360 aD 500. 000 Ne in NA oF Data corp = 260.000 260.000 Toray liabilities & equity +3400 | 937.000 | 760000 | 260.000 | 1.750.00 | | — ©) Preeare a consolidate balacce sheet as or the core of HuSINES on Jamtiary 1, 20%3 Cratt Cortomation arc subsidiary Conepridated batoace sheet Fanuaey 1, 2085 Current asset = orsh " flcount receviabe Ieventory : Non current agsets Bung anc equiperent Less + aecum.déprecatton Toa assets : Content trabrlties fecount payable anes payable Mortages Fovabie ___$ 280.008 - 10.000 780.000 s 870000 $ 1360-000 (420.000) 680.000 $ 1.750.000 a 80.000 320.000 Scanned with CamScanner zseers * tontroing meerest Le “100.000 50.000 7 13t00_—_35,.000 125.000 WO 000 125.000 175.000 _| Retoned earrings Aevestenent i __ | NG in NA oF Tin xP Common stock : paid Scanned with CamScanner| Toumatentcy recorded by nai stare to kane. tnvestment m “Tin GorPoration b) Perire a consolidated balance sheet work st manufacturing — 132, 2 Euenben EES sated] — We a | Radditionar : Retard comings | Nel 4A oF Tin cnr Total Kabnities 6 equity Scanned with CamScanner