consolidation_practice - Sales COGS Op. Exp. Div. Income...

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P S Dbr Cr NCI Consolidated Totals Sales $(584,000) $(350,000) $(934,000) COGS $194,000 $195,000 $389,000 Op. Exp. $246,000 $65,000 $311,000 Div. Income $(16,000) $(16,000) Separate company NI $(160,000) $(90,000) $(250,000) Cons. NI NCI in Stone's Income $- Pebble's interest in cons. Income $(250,000) R/E, 1/1 Pebble $(700,000) $(700,000) R/E, 1/1 Stone $(350,000) $(350,000) NI (above) $(160,000) $(90,000) $(250,000) Div. Paid $70,000 $20,000 $90,000 R/E, 12/31 $(790,000) $(420,000) $(1,210,000) Cash & Rec. $196,000 $101,000 $297,000 Inventory $100,000 $90,000 $190,000 Investment in Stone $504,000 $504,000 $680,000 $390,000 $1,070,000 Trademarks $100,000 $144,000 $244,000 Goodwill $- Total Assets $1,580,000 $725,000 $2,305,000 Liabilities $(470,000) $(105,000) $(575,000) C/S $(320,000) $(200,000) $(520,000) R/E, 12/31 (above) $(790,000) $(420,000) $(1,210,000) NCI in Stone, 1/1 NCI in Stone, 12/31 $- Total liabilities and equities $(1,580,000) $(725,000) $(2,305,000)
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This note was uploaded on 11/30/2010 for the course ACCT acct 4330 taught by Professor Gamble during the Spring '10 term at University of Houston.

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consolidation_practice - Sales COGS Op. Exp. Div. Income...

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