Question: please explain the figures a. It is now son various account (specily part . UD.JUN 5. Maskins acquires 100% of Sells on January 1, 2011.

 please explain the figures a. It is now son various account
please explain the figures

a. It is now son various account (specily part . UD.JUN 5. Maskins acquires 100% of Sells on January 1, 2011. Haskins uses the equity method. It is December 31, 2014. The following are the stockholders equity accounts of Sells on var dates. 1/1/11 1/1/14 12/31/14 120,000 Common Stock 140,000 160,000 2,300,000 Additional Paid in Capital 2,000,000 2,500,000 Retained Earnings 100,000 130,000 150,000 a. Prepare consolidation worksheet Sat December 31, 2014 b. Assume total Stockholders Equity of Haskins at December 31, 2015 is $6,000,000. He much is consolidated Stockholders equity. c. How would this answer differ if Haskins were using the partial equity method and if was $10,000 of excess amortization. od and if there

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!