Looking to calculate the adjusting/eliminating journal entry while consolidating SBW and its subsidiary CDL. SBW owns 90%

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Looking to calculate the adjusting/eliminating journal entry while consolidating SBW and its subsidiary CDL. SBW owns 90% of shares in CDL that were purchased in 2018.

Preparing consolidated books for 2022.

In 2020 CDL sold 1/2 the land that existed at acquisition for a profit of $147,000. The remaining land from the acquisition is sitll held by CDL.

Related Book For answer-question

Intermediate Accounting

ISBN: 978-0324592375

17th Edition

Authors: James D. Stice, Earl K. Stice, Fred Skousen

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Posted Date: May 10, 2024 12:02 PM

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Looking to calculate the adjusting/eliminating journal entry while consolidating SBW and its subsidiary CDL. SBW owns 90%

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Intermediate Accounting

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