This preview shows pages 1–3. Sign up to view the full content.
This preview has intentionally blurred sections. Sign up to view the full version.View Full Document
Unformatted text preview: E4-1E4-2E4-111.ccd2.dab3.ddc4.bcc5.ad6.aE4-3Common stock200,000 Additional paid in capital300,000 Retained earnings100,000 Investment in Broadway600,000 E4-4Common stock20,000 Retained earnings37,000 Differential43,000 Investment in Brown100,000 Inventory5,000 Buildings and equipment20,000 Goodwill18,000 Differential43,000 Eliminating entries are not made on either company's books; not posted to either company's general ledAs such, there is no permanent effect, and eliminating entries need to be redone "from scratch" every pE4-5Common stock120,000 Retained earnings240,000 Differential35,000 Investment in Thorne395,000 Land36,000 Goodwill19,000 Buildings20,000 Differential35,000 E4-6Common stock80,000 Retained earnings130,000 Differential260,000 Investment in Conger470,000 Land20,000 Buildings180,000 Goodwill60,000 Differential260,000 E4-10a.140,000  - Bring the acquiree's assets into the consolidated entib.60,000  - Acquiree's net identifiable assets:c.550,000 80,000 d.46,000 ...
View Full Document
This note was uploaded on 04/12/2011 for the course ACC 5120 taught by Professor Weimer during the Fall '10 term at Wayne State University.
- Fall '10