Copy of problem_3-25

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

This preview shows pages 1–2. Sign up to view the full content.

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

This preview has intentionally blurred sections. Sign up to view the full version.

View Full Document
This is the end of the preview. Sign up to access the rest of the document.

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)...
View Full Document

## This note was uploaded on 04/05/2010 for the course ACCY 260 taught by Professor Yu during the Spring '10 term at Ferrum.

### Page1 / 2

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

This preview shows document pages 1 - 2. Sign up to view the full document.

View Full Document
Ask a homework question - tutors are online