1. What is the control premium paid by Carson to aquire 80 percent of voting shares of...
Question:
2. What is the goodwill of Gardena at acquisition?
3.What is the amount of Non-Controlling Interest at acquisition (1/1/2020)?
4. The working paper entry to eliminate any dividend earned from Gardena Corporation during 2020 (consolidation JE D)
5. The working paper entry to eliminate Carson’s investment in Gardena at December 31, 2020 (consolidation JE S and A)
6. What is the consolidated balance for investment at December 31, 2020?
7. What is the consolidated balance for equiy in income of Gardena at December 31, 2020?
8. What is the consolidated balance for dividend declared at December 31, 2020?
9. What is the net income attributable to noncontrolling interests of Gardena at December 31, 2020?
10. What is the net income attributable to controlling interests of Gardena at December 31, 2020?
11. What is the amount of Non-Controlling Interest at December 31, 2020?
12. What is the consolidated balance for additional paid in capital at December 31, 2020?
13. What is the consolidated balance for common stock at December 31, 2020?
14. Suppose Carson used the initial value method to record its investment in Gardena in 2020.
The working paper entry to eliminate the difference in accounting methods between equity method and the initial value method in 2021? (Consolidated Journal Entry *C)
15. Suppose Carson used the partial equity method to record its investment in Gardena in 2020.
The working paper entry to eliminate the difference in accounting methods between equity method and the partial equity method in 2021? (Consolidated Journal Entry *C)
Auditing and Assurance Services
ISBN: 978-0077862343
6th edition
Authors: Timothy Louwers, Robert Ramsay, David Sinason, Jerry Straws