M Inbo M Wel in Tang julia PRE Gha Billy Pres M Inbo M Rest Ever Intrc Info in Link f Now 3 1X [Sol C Seal C A) U C Prok C On. C On. C P C C Que * Seal + C edugen.wileyplus.com/edugen/student/mainfr.uni N i Apps M Gmail YouTube Maps WileyPLUS - Cour.. WileyPLUS WileyPLUS WileyPLUS: MyWileyPLUS | Help | Contact Us | Log Out WileyPLUS Jeter, Advanced Accounting, 6e ADVANCED ACCOUNTING (405-406 Grace Period: 1 days left | Register Now Home Read, Study & Practice Assignment Gradebook Downloadable eTextbook Assignment > Open Assignment CALCULATOR MESSAGE MY INSTRUCTOR FULL SCREEN PRINTER VERSION 1 BACK NEXT Problem 4-10 Poco Company purchased 80% of Solo Company's common stock on January 1, 2012, for $248,800. On December 31, 2012, the companies prepared the following trial balances: Poco Solo Cash $162,700 $127,300 Inventory 211,500 195,300 Investment in Solo Company 402,960 -0- Land 76,400 151,600 Cost of Goods Sold 417,700 124,600 Other Expense 100,000 79,000 Dividends Declared 30,200 15,200 Total Debits $1,401,460 $693,000 Accounts Payable $154,100 $35,600 Common Stock 203,800 151,600 Other Contributed Capital 59,600 34,300 Retained Earnings, 1/1 49,400 60,000 Sales 768,240 411,500 Equity in Subsidiary Income 166,320 -0- Total Credits $1,401,460 $693,000 Prepare a consolidated statements workpaper on December 31, 2012. Any difference between book value and the value implied by the purchase price relates to goodwill. (List items that increase retained earnings first. ) Poco Company and Subsidiary Consolidated Statements Workpaper For the Year Ended December 31, 2012 Poco Sold Eliminating Entries Noncontrolling Consolidated License Agreement | Privacy Policy. | 2000-2020 John Wiley & Sons, Inc. All Rights Reserved. A Division of John Wiley & Sons, Inc. Version 4.24.19.4 avascript:void(0)M Inbc M Wel in Tan julia PRE Gha Billy | Pres M Inbc |M Res Eve Intro Info in Link f Nov Wile 1 X [Sol C Sea C A) L C Prol C On C On C P C C Que Sea + C edugen.wileyplus.com/edugen/shared/assignment/test/qprint.uni N Apps M Gmail YouTube Maps WileyPLUS - Cour... WileyPLUS WileyPLUS Total Credits $1,401,460 $693,000 Prepare a consolidated statements workpaper on December 31, 2012. Any difference between book value and the value implied by the purchase price relates to goodwill. (List items that increase retained earnings first.) Poco Company and Subsidiary Consolidated Statements Workpaper For the Year Ended December 31, 2012 Poco Solo Eliminating Entries Noncontrolling Consolidated Company Company Dr. Cr. Interest Balance Income Statement Retained Earnings Statement Balance Sheet TotalM Inbc M Wel in Tan julia PRE Gha Billy Pres M Inbc |M Res > Eve > Intro > Info in Link f Nov Wile 1X * [Sol C Sea C A) L C Prol C On C On C P C C Que Sea + C edugen.wileyplus.com/edugen/shared/assignment/test/qprint.uni N Apps M Gmail YouTube Maps WileyPLUS - Cour... WileyPLUS WileyPLUS Retained Earnings Statement Balance Sheet Total Noncontrolling Interest 1/1 Noncontrolling Interest 12/31 Questi Copyright @ 2000-2020 by John Wiley & Sons, Inc. or related companies. All rights reserved

edugen.wileyplus.com/edugen/student/mainfr.uni Inbo Welc in Tanc julia PRE Gha Billy Pres Inbo Resu Ever Intro Info Link f Now [Sol C Sea CA) U Prok On. C On P C C Que Sear h N Apps Gmail YouTube Maps WileyPLUS - Cour... WileyPLUS WileyPLUS WileyPLUS Jeter, Advanced Accounting, 6e Home Read, Study & Practice Assignment Gradebook Downloadable eTextbook Assignment > Open Assignment Problem 4-10 Poco Company purchased 80% of Solo Company's common stock on January 1, 2012, for $248,800. On December 31, 2012, the companies prepared the following trial balances: Poco Solo Cash $162,700 $127,300 Inventory Investment in Solo Company Land Cost of Goods Sold 211,500 195,300 402,960 -0- 76,400 151,600 417,700 124,600 Other Expense 100,000 79,000 Dividends Declared 30,200 15,200 Total Debits $1,401,460 $693,000 Accounts Payable $154,100 $35,600 Common Stock 203,800 151,600 Other Contributed Capital 59,600 34,300 Retained Earnings, 1/1 Sales 49,400 60,000 768,240 411,500 Equity in Subsidiary Income Total Credits 166,320 $1,401,460 -0- $693,000 WileyPLUS: MyWiley PLUS | Help | Contact Us | Log Out ADVANCED ACCOUNTING (405-406) Grace Period: 1 days left | Register Now CALCULATOR MESSAGE MY INSTRUCTOR FULL SCREEN PRINTER VERSION BACK NEXT Prepare a consolidated statements workpaper on December 31, 2012. Any difference between book value and the value implied by the purchase price relates to goodwill. (List items that increase retained earnings first.) Poco CommAKU Poco Company and Subsidiary Consolidated Statements Workpaper For the Year Ended December 31, 2012 Eliminating Entries Solo CommANU License Agreement | Privacy Policy | 2000-2020 John Wiley & Sons, Inc. All Rights Reserved. A Division of John Wiley & Sons, Inc. Noncontrolling Tutavast Consolidated ---- javascript:void(0) Version 4.24.19.4