The December 31, 2021 Consolidated Trial Balance of a Parent
Question 97
Question 97
Essay
The December 31, 2021 consolidated trial balance of a parent and its subsidiary is shown below. Current assets Property, net Intangible assets, net Goodwill Liabilities Capital stock Retained earnings, beginning Accumulated other comprehensive income, beginning Treasury stock Noncontrolling interest Dividends Sales revenue Cost of sales Operating expenses Other comprehensive income Noncontrolling interest in net income Noncontrolling interest in other comprehensive income Total $6,000150,00025,00095,000(233,955)(15,000)(20,000)(700)800(3,000)1,000(500,000)390,000105,000(300)1505$0 Required Present the consolidated statement of income and comprehensive income, and the consolidated balance sheet, in good form.
Correct Answer:
Verified
None...
View Answer
Unlock this answer now Get Access to more Verified Answers free of charge