Punda purchased two blocks of stock of Sunda. Information concerning these purchases follows:
Required:
a. Analyze the Investment account as of 1/1/05, and update it through 5/1/05. Use the parent company concept.
b. Prepare all consolidation entries at 5/1/05.

Question

Punda purchased two blocks of stock of Sunda. Information concerning these purchases follows:
  Required:
a. Analyze the Investment account as of 1/1/05, and update it through 5/1/05. Use the parent company concept.
b. Prepare all consolidation entries at 5/1/05.

Quizplus · Accepted Answer

The Answer of Punda purchased two blocks of stock of Sunda. Information concerning these purchases follows:
  Required:
a. Analyze the Investment account as of 1/1/05, and update it through 5/1/05. Use the parent company concept.
b. Prepare all consolidation entries at 5/1/05.

Punda Purchased Two Blocks of Stock of Sunda