Question: Please help answer this problem with a ) prepare a consolidated income statement for the year ended december 3 1 st year 8 b )
Please help answer this problem with a prepare a consolidated income statement for the year ended december st year b prepare the current assets: property, plant and equipment; and intangible assets sections ofthe consolidated balance sheet at december st year c calculate noncontrolling interest on the consolidated balance sheet at December st year d if RAV had used the cost method instead of accounting for its investment in ENS, would RAV net income for Year increase, decrease, or remain the same on i its seperateentity income statement? ii the consolidated income statement? e Prepare the consolidated financial statements using the worksheet approach? Answer all these questions with calculations included with the answer and explanation
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