Question: someone please help me find retained earning asap Determining ending consolidated balances in the second year following the acquisition-Cost method Assume a parent company acquired

Determining ending consolidated balances in the second year following the acquisition-Cost method Assume a parent company acquired a subsidiary on January 1, 2018, for $1,200,000. The purchase price was $650,000 in excess of the subsidiary's $550,000 book value of Stockholders Equity on the acquisition date of this excess purchase price, $250,000 was assigned to Property, plant and equipment with a remaining economic useful life of 10 years, and 5400,000 was assigned to Goodwill. On the acquisition date, the subsidiary reported retained earnings equal to $280,000. The parent uses the cost method of pre- consolidation Equity investment bookkeeping. The financial statements of the parent and its subsidiary for the year ended December 31, 2019, are as follows: Parent Subsidiary Parent Subsidiary Income statement Balance sheet Sales $5.000.000 51.200.000 Assets Cost of goods sold (3.000.000 (700,000) Cash 5800,000 $150.000 Gross profit 2.000.000 500.000 Accounts receivable 7,000,000 340.000 Equity income 40.000 Inventory 1.600.000 500 000 Operating expenses (1.500.000) (400.0001 Equity investment 1.200.000 Net Income $540,000 $100.000 Property, plant & equipment 3.000.000 900.000 Statement of retained earnings 57.600.000 51.890.000 BOY rec ned earnings 1.500.000 600.000 Lablices and stockholders equity Net income 540.000 100.000 Accounts payable $700.000 $140.000 Dividends (200.000) 40.0001 Accrued abiti 900 000 220.000 Ending retained earnings $1.340.000 5660.000 Long-term labies 2.500.000 600.000 Common stock 500.000 120 000 APIC 1160.000 150 000 Reta neden 840.000 650 000 37.600.000 51.890.000 a At what amount will the following accounts appear on the consolidated financial statements? Do not use negative signs with any of your answers. a. Sales $6.200.000 b. Investment income $ 0 Operating expenses $ 1.925.000 d. Inventories $ 2.100.000 e Equity investment $ 0 t Property, plant & equipment net $ 4.100.000 & Goodwill 5 400.000 h Common stock $ 500.000 51.840.000 x Retained eangs
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