Question: On December 31 20X8 Banner Corporation acquired 80 percent of

On December 31, 20X8, Banner Corporation acquired 80 percent of Dwyer Company's common stock for $136,000. At the acquisition date, the book values and fair values of all of Dwyer's assets and liabilities were equal. Banner uses the equity method in accounting for its investment. Balance sheet information provided by the companies at December 31, 20X8, immediately following the acquisition is as follows:

Prepare a consolidated balance sheet for Banner at December 31,20X8.
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  • CreatedMay 23, 2014
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