consolidation_practice_(answers)

consolidation_practice_(answers) - Sales COGS Op.Exp....

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 P   S  Dbr Cr NCI Consolidated Totals Sales (584,000.00) (350,000.00) 90,000.00  (844,000.00) COGS 194,000.00  195,000.00  12,000.00  10,000.00  90,000.00  301,000.00  Op. Exp. 246,000.00  65,000.00  8,000.00  319,000.00  Div. Income (16,000.00) 16,000.00  0.00  Separate company NI (160,000.00) (90,000.00) (224,000.00) Cons. NI NCI in Stone's Income (16,000.00) 16,000.00  Pebble's interest in cons. Income (208,000.00) R/E, 1/1 Pebble (700,000.00) 59,200.00  (759,200.00) R/E, 1/1 Stone (350,000.00) 10,000.00  340,000.00  0.00  NI (above) (160,000.00) (90,000.00) (208,000.00) Div. Paid 70,000.00  20,000.00  16,000.00  4,000.00  70,000.00  R/E, 12/31 (790,000.00) (420,000.00) (897,200.00) 196,000.00  101,000.00  20,000.00  277,000.00  Inventory 100,000.00  90,000.00  12,000.00  178,000.00  Investment in Stone 504,000.00  59,200.00  51,200.00  432,000.00  80,000.00  0.00  680,000.00  390,000.00  1,070,000.00 
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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_(answers) - Sales COGS Op.Exp....

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