Question: Accounting - consolidation (please explain) Based on this info, on the consolidated balance sheet, what is the amount of retained earnings and noncontrolling interest? The

Accounting - consolidation (please explain)

Based on this info, on the consolidated balance sheet, what is the amount of retained earnings and noncontrolling interest?

The answers are respectively 294,000 and 18,000, but I don't know how to get them.

ThanksAccounting - consolidation (please explain) Based on this info, on the consolidated

Wilhelm Corporation Kaiser Company Item Debit Credit Debit Credit $140,000 $200,000 Current Assets Depreciable Assets 350,000 250,000 Investment in Kaiser Company Stock 162,000 27,000 10,000 Depreciation Expense 95,000 60,000 Other Expenses 20,000 Dividends Declared 10,000 $118,000 $80,000 Accumulated Depreciation 100,000 80,000 Current Liabilities Long-Term Debt 100,000 50,000 100,000 50,000 Common Stock 150,000 100,000 Retained Earnings 250,000 110,000 Sales Income from Subsidiary 36,000 $854,000 $854,000 $470,000 $470,000 Wilhelm Corporation Kaiser Company Item Debit Credit Debit Credit $140,000 $200,000 Current Assets Depreciable Assets 350,000 250,000 Investment in Kaiser Company Stock 162,000 27,000 10,000 Depreciation Expense 95,000 60,000 Other Expenses 20,000 Dividends Declared 10,000 $118,000 $80,000 Accumulated Depreciation 100,000 80,000 Current Liabilities Long-Term Debt 100,000 50,000 100,000 50,000 Common Stock 150,000 100,000 Retained Earnings 250,000 110,000 Sales Income from Subsidiary 36,000 $854,000 $854,000 $470,000 $470,000

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!