Question: Please look at the attached case study and consolidation template for information. Question 1: Assuming that Abacus will prepare consolidated financial statements with Three Sisters,

Please look at the attached case study and consolidation template for information.

Question 1:

Assuming that Abacus will prepare consolidated financial statements with Three Sisters, how will the non-controlling interest be initially valued, and how will that value be adjusted during 2017?

Question 2:

Help prepare a consolidated balance sheet and income statement for Abacus Cellars for 2017.

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