P Company purchased 90% of the outstanding common stock of S Company on January 1, 2015. S Company's stockholders' equity at various dates was: The workpaper entry to establish reciprocity under the cost method in the preparation of a consolidated statements workpaper on December 31, 2017 should include a credit to P Company's retained earnings of:

Question

P Company purchased 90% of the outstanding common stock of S Company on January 1, 2015. S Company's stockholders' equity at various dates was:  The workpaper entry to establish reciprocity under the cost method in the preparation of a consolidated statements workpaper on December 31, 2017 should include a credit to P Company's retained earnings of:

Quizplus · Accepted Answer

The Answer of P Company purchased 90% of the outstanding common stock of S Company on January 1, 2015. S Company's stockholders' equity at various dates was:  The workpaper entry to establish reciprocity under the cost method in the preparation of a consolidated statements workpaper on December 31, 2017 should include a credit to P Company's retained earnings of:

P Company Purchased 90% of the Outstanding Common Stock of S