Question: hello, I need help with this assignment I have added a screenshot for every question and the balance data is in screenshot 220507 which is

hello,

I need help with this assignment I have added a screenshot for every question and the balance data is in screenshot 220507 which is used for all of the questions.

hello, I need help with this assignment I have added a screenshotfor every question and the balance data is in screenshot 220507 whichis used for all of the questions. Pizza Corporation acquired 80 percentownership of Slice Products Company on January 1, 20X1, for $151,000. Onthat date, the fair value of the noncontrolling interest was $37,750, and

Pizza Corporation acquired 80 percent ownership of Slice Products Company on January 1, 20X1, for $151,000. On that date, the fair value of the noncontrolling interest was $37,750, and Slice reported retained earnings of $46,000 and had $95,000 of common stock outstanding. Pizza has used the equity method in accounting for its investment in Slice. Trial balance data for the two companies on December 31, 20X5, are as follows: Pizza Slice Corporation Products Company Item Debit Credit Debit Credit Cash & Receivables $ 86,000 71,000 Inventory 280,000 94,000 Land 89,000 89,000 Buildings & Equipment 507,000 170,000 Investment in Slice Products Company 179,900 Cost of Goods Sold 119,000 46.000 Depreciation Expense 25,000 15,000 Inventory Losses 15,000 5,000 Dividends Declared 39,000 14,000 Accumulated Depreciation 204,000 $ 105,000 Accounts Payable 58,000 19,000 Notes Payable 249,720 99,000 Common Stock 293,000 95,000 Retained Earnings 307.000 85,000 Sales 204,000 101,000 Income from Slice Products Company 24, 180 $ 1,339,900 $ 1,339,900 $504,000 $ 504,000Consolidation Worksheet Entries A B D > Record basic consolidation entry. Note: Enter debits before credits. Event Accounts Debit Credit 1 Common stock 95,000 Retained earnings Income from Slice Products Company NCI in NI of Slice Products Company Dividends declared 14,000 Investment in Slice Products Company NCI in NA of Slice Products Company Record entry Clear entry view consolidation entriesConsolidation Worksheet Entries Record the amortized excess value reclassification entry. Note: Enter debits before credits. Event Accounts Debit Credit 2 Depreciation expense Income from Slice Products Company NCI in NI of Slice Products Company Record entry Clear entry view consolidation entriesb. Prepare all consolidation entries needed to prepare consolidated statements for 20X5. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) view transaction list Consolidation Worksheet Entries Record the entry to eliminate the intercompany accounts. Note: Enter debits before credits. Event Accounts Debit Credit 4 Accounts payable 77,000 Cash and receivables Record entry Clear entry view consolidation entries

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