Poole Company owns a 90% interest in Solumbra Company.The consolidated income statement drafted by the controller of Poole Company appeared as follows:
Required:
Prepare a corrected consolidated income statement for Poole Company and Slocum Company for the year ended December 31, 2014.

Question

Poole Company owns a 90% interest in Solumbra Company.The consolidated income statement drafted by the controller of Poole Company appeared as follows:  
Required:
Prepare a corrected consolidated income statement for Poole Company and Slocum Company for the year ended December 31, 2014.

Quizplus · Accepted Answer

The Answer of Poole Company owns a 90% interest in Solumbra Company.The consolidated income statement drafted by the controller of Poole Company appeared as follows:  
Required:
Prepare a corrected consolidated income statement for Poole Company and Slocum Company for the year ended December 31, 2014.

Poole Company Owns a 90% Interest in Solumbra Company