On May 1, 2015, Pitt Meadows Ltd bought 75% of the shares of Sechelt Inc for $2,500,000.Immediately prior to the purchase their balance sheets were as follows: Required:
A) Prepare Pitt's consolidated balance sheet at the date of acquisition.

Question

On May 1, 2015, Pitt Meadows Ltd bought 75% of the shares of Sechelt Inc for $2,500,000.Immediately prior to the purchase their balance sheets were as follows:  Required:

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The Answer of On May 1, 2015, Pitt Meadows Ltd bought 75% of the shares of Sechelt Inc for $2,500,000.Immediately prior to the purchase their balance sheets were as follows:  Required:

On May 1, 2015, Pitt Meadows Ltd Bought 75% of the Shares