eliminations (consolidated balance Sheet) Cash- B Company Company Eliminations Debit Credit 37,700 17.660 Accounts Receivable- 50,360 33,400 Inventory 38,060 24,550 Investment in B- 118,000 Difference between implied & BV- Plant Assets- ·51,700 108,000 Accumulated Deprecation - (55,100) (17860) Total 340,720 165,750 Current liabilites Note Common Stock. 19840 26,310 Mortgage Note payable - 36,480 А сотрапи 125,500 7 94,000 B Company - Other contributed Capital 141010 A company- 16620 B Company - Retained Earnings 17,890 A company- 28.820 B company - Noncontroung interest - 340,720 165,750 Total-
eliminations (consolidated balance Sheet) Cash- B Company Company Eliminations Debit Credit 37,700 17.660 Accounts Receivable- 50,360 33,400 Inventory 38,060 24,550 Investment in B- 118,000 Difference between implied & BV- Plant Assets- ·51,700 108,000 Accumulated Deprecation - (55,100) (17860) Total 340,720 165,750 Current liabilites Note Common Stock. 19840 26,310 Mortgage Note payable - 36,480 А сотрапи 125,500 7 94,000 B Company - Other contributed Capital 141010 A company- 16620 B Company - Retained Earnings 17,890 A company- 28.820 B company - Noncontroung interest - 340,720 165,750 Total-
Survey of Accounting (Accounting I)
8th Edition
ISBN:9781305961883
Author:Carl Warren
Publisher:Carl Warren
Chapter9: Metric-analysis Of Financial Statements
Section: Chapter Questions
Problem 9.23E: Unusual income statement items Assume that the amount of each of the following items is material to...
Related questions
Question
Help with consolidation sheet for eliminations of debit and credit please. I do know that company A acquired 80% of B. I need help representing the situation for Debit elimination and Credit eliminations of A and B company please.

Transcribed Image Text:eliminations (consolidated balance Sheet)
Cash-
B
Company Company
Eliminations
Debit Credit
37,700
17.660
Accounts Receivable-
50,360
33,400
Inventory
38,060
24,550
Investment in B-
118,000
Difference between implied & BV-
Plant Assets-
·51,700
108,000
Accumulated Deprecation -
(55,100) (17860)
Total
340,720
165,750
Current liabilites
Note
Common Stock.
19840
26,310
Mortgage Note payable
-
36,480
А сотрапи
125,500
7
94,000
B Company -
Other contributed Capital
141010
A company-
16620
B Company -
Retained Earnings
17,890
A company-
28.820
B company -
Noncontroung interest -
340,720
165,750
Total-
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