$\mathrm{}\mathrm{}$The balance sheets of the companies immediately after the acquisition showed the amount Problem Company & $130,00070,000210,00090,00070,00040,000)$ Investment Dairy $390,000220,000270,0001\mathrm{.}070,000420,00080,00040,000$ Long Term Stock $200,000100,000400,00060\mathrm{.}000$ & $ $420\mathrm{.}000$ The fair value of the interest at the date of acquisition was determined to be $$30,000.$ The full amount of the book is assigned to land held by Solution the date of acquisition Solution owed Problem $$8,000$ plus $$900$ accrued interest Solution had the accrued interest but Problem had not.

 Required Prepare and complete a consolidated balance sheet worksheet 

Answer rating: 100% (QA)

To prepare a consolidated balance sheet worksheet we need to consolidate the balances of the Problem ... View the full answer