Copy of problem_3-25

Copy of problem_3-25 - $30,000.00 Goodwill $ $ $60,000.00...

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Problem 25 Consolidation Worksheet Account Giant Small DR Revenues $(1,175,000.00) $(360,000.00) Cost of goods sold $550,000.00 $90,000.00 Depreciation expense $172,000.00 $130,000.00 $5,000.00 Equity in income of Small $(135,000.00) $- $135,000.00 Net Income $(588,000.00) $(140,000.00) Retained Earnings 1/1/13 $(1,417,000.00) $(620,000.00) $620,000.00 Net Income (above) $(588,000.00) $(140,000.00) Dividends paid $310,000.00 $110,000.00 Retained earnings 12/31/13 $(1,695,000.00) $(650,000.00) Current Assets $398,000.00 $318,000.00 Investment in Small $995,000.00 $- $110,000.00 Land $440,000.00 $165,000.00 $90,000.00 Buildings (net) $304,000.00 $419,000.00 Equipment (net) $648,000.00 $286,000.00
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Unformatted text preview: $30,000.00 Goodwill $- $- $60,000.00 Total Assets $2,785,000.00 $1,188,000.00 Liabilities $(840,000.00) $(368,000.00) $10,000.00 Common Stock $(250,000.00) $(170,000.00) $170,000.00 Retained Earnings (above) $(1,695,000.00) $(650,000.00) Total Liab. and equity $(2,785,000.00) $(1,188,000.00) CR Total $(1,535,000.00) $640,000.00 $307,000.00 $- $(588,000.00) $(1,417,000.00) $(588,000.00) $110,000.00 $310,000.00 $(1,695,000.00) $10,000.00 $706,000.00 $790,000.00 $- $180,000.00 $135,000.00 $695,000.00 $723,000.00 $5,000.00 $959,000.00 $60,000.00 $3,143,000.00 $(1,198,000.00) $(250,000.00) $(1,695,000.00) $(3,143,000.00)...
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This note was uploaded on 04/05/2010 for the course ACCY 260 taught by Professor Yu during the Spring '10 term at Ferrum.

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Copy of problem_3-25 - $30,000.00 Goodwill $ $ $60,000.00...

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