Question: OEMONSTRATION ASSIGNMENT: Chapter 5 , Problem 3 4 Add the following information to the problem: Slice Company owed Pie Corporation $ 1 0 , 0

OEMONSTRATION ASSIGNMENT: Chapter 5, Problem 34
Add the following information to the problem: Slice Company owed Pie Corporation $10,000 on December 31,209.
Reminder from Chapter 5, Problem 33: TV =$128,000;FV=$120,000;BV=$100,000
20X9
Dec 31 Investment in Slice Company
Income from Slice Company ]
31 Cash $20,00075%
Investment in Slice Company
31 Income from Slice Company years
1,500
1,500 Investment in Slice Company
ELIM B Common Stock - Slice Company
Retained Earnings - Slice Company
Income from Slice Company ]
Income to Noncontrolling Interest $36,00025%
Dividends Declared - Slice Company
Investment in Slice Company ]
27,000
27,000
Noncontrolling Interest [$124,000*25%]
\table[[60,000,],[48,000,],[27,000,],[9,000,20,000],[,93,000],[,31,000]]
BV of S=$60,000 CS-S +$48,000 RE-S +$36,000 S NI - $20,000 S DIV
ELIM A Depreciation Expense
\table[[2,000,1,500],[,500],[,],[20,000,],[2,500,4,000],[,13,875],[,4,625]]
ELIM I Accounts Payable - Slice Company
10,000
10,000OEMONSTRATION ASSIGNMENT: Chapter 5, Problem 34
Add the following information to the problem: Slice Company owed Pie Corporation $10,000 on December 31,209.
Reminder from Chapter 5, Problem 33: TV =$128,000;FV=$120,000;BV=$100,000
20X9
Dec 31 Investment in Slice Company
Income from Slice Company ]
31 Cash $20,00075%
Investment in Slice Company
31 Income from Slice Company years
1,500
1,500 Investment in Slice Company
ELIM B Common Stock - Slice Company
Retained Earnings - Slice Company
Income from Slice Company ]
Income to Noncontrolling Interest $36,00025%
Dividends Declared - Slice Company
Investment in Slice Company ]
27,000
27,000
Noncontrolling Interest [$124,000*25%]
\table[[60,000,],[48,000,],[27,000,],[9,000,20,000],[,93,000],[,31,000]]
BV of S=$60,000 CS-S +$48,000 RE-S +$36,000 S NI - $20,000 S DIV
ELIM A Depreciation Expense
\table[[2,000,1,500],[,500],[,],[20,000,],[2,500,4,000],[,13,875],[,4,625]]
ELIM I Accounts Payable - Slice Company
10,000
10,000
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OEMONSTRATION ASSIGNMENT: Chapter 5, Problem 34
Add the following information to the problem: Slice Company owed Pie Corporation $10,000 on December 31,209.
Reminder from Chapter 5, Problem 33: TV =$128,000;FV=$120,000;BV=$100,000
20X9
Dec 31 Investment in Slice Company
Income from Slice Company ]
31 Cash $20,00075%
Investment in Slice Company
31 Income from Slice Company years
1,500
1,500 Investment in Slice Company
ELIM B Common Stock - Slice Company
Retained Earnings - Slice Company
Income from Slice Company
OEMONSTRATION ASSIGNMENT: Chapter 5, Problem 34
Add the following information to the problem: Slice Company owed Pie Corporati
 OEMONSTRATION ASSIGNMENT: Chapter 5, Problem 34 Add the following information to

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