Use the data provided in Exercise 8-2. Required: A. Prepare the workpaper eliminating entries needed for a

Question:

Use the data provided in Exercise 8-2.

Required:

A. Prepare the workpaper eliminating entries needed for a consolidated statements work-paper on December 31, 2011.

B. Determine the amount of noncontrolling interest that would be reported on the consolidated balance sheet on December 31, 2011.

Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...