{[ promptMessage ]}

Bookmark it

{[ promptMessage ]}

consolidation_practice_(answers)

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

Info iconThis preview shows pages 1–4. Sign up to view the full content.

View Full Document Right Arrow Icon
 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) Cash & Rec.  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  B&E (net) 680,000.00  390,000.00  1,070,000.00  Trademarks 100,000.00  144,000.00  64,000.00  8,000.00  300,000.00  Goodwill 100,000.00  100,000.00  Total Assets 1,580,000.00  725,000.00  1,925,000.00  Liabilities (470,000.00) (105,000.00) 20,000.00  (555,000.00) C/S (320,000.00) (200,000.00) 200,000.00  (320,000.00) R/E, 12/31 (above) (790,000.00) (420,000.00) (897,200.00) NCI in Stone, 1/1 12,800.00  20,000.00  108,000.00  (140,800.00) NCI in Stone, 12/31 (152,800.00) (152,800.00) Total liabilities and equities (1,580,000.00) (725,000.00) (1,925,000.00)
Background image of page 1

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

View Full Document Right Arrow Icon
P S Dbr Cr NCI Consolidated Totals Sales $(584,000) $(350,000) $90,000 $(844,000) COGS $194,000 $195,000 $12,000 $90,000 $10,000 $301,000 Op. Exp. $246,000 $65,000 $8,000 $319,000 Equity in Earnings of S $(64,000) $64,000 $- Separate company NI $(208,000) $(90,000) $(224,000) Cons. NI NCI in Stone's Income $(16,000) $16,000 Pebble's interest in cons. Income $(208,000) R/E, 1/1 Pebble $(759,200) $(759,200) R/E, 1/1 Stone $(350,000) $10,000 $340,000 $- NI (above) $(208,000) $(90,000) $(208,000) Div. Paid $70,000 $20,000 $16,000 $4,000 $70,000 R/E, 12/31 $(897,200) $(420,000) $(897,200) Cash & Rec. $196,000 $101,000
Background image of page 2
Background image of page 3

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

View Full Document Right Arrow Icon
Background image of page 4
This is the end of the preview. Sign up to access the rest of the document.

{[ snackBarMessage ]}