ADVANCED ACCOUNTING
ADVANCED ACCOUNTING
4th Edition
ISBN: 9781618533128
Author: Halsey
Publisher: Cambridge Business Publishers
Question
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Chapter 5, Problem 54P

a.

To determine

Disaggregate and document the AAP 100 percent activity, the AAP controlling interest,

and the AAP non-controlling interest.

b.

To determine

Calculate and organize the profits and losses on intercompany transactions and balances.

c.

To determine

Compute the starting and ending balances of the pre-consolidation Equity Investment

account starting with the equity of the subsidiary 's stockholders.

d.

To determine

Reconstruction of the pre-consolidation activities of the parent Equity Investment T-

account for the year of consolidation.

e.

To determine

Calculate the owners' equity attributable to the starting and ending of non-controlling

interest balances beginning with the owners ' equity of the subsidiary.

f.

To determine

Calculate consolidated net income, controlling interest net income and non-controlling

interest net income.

g.

To determine

Complete the C-E-A-D-I consolidation entries and execute the consolidation worksheet.

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