Haskins acquires 100% of Sells on January 1, 2011. Haskins uses the equity method. It is now December 31, 2014. The following are stockholders equity accounts of Sells on various dates. 1/1/11 1/1/14 12/31/14 Common Stock. 120,000 140,000 160,000 Additional Paid in Capital. 2,000,000 2,300,000 2,500,000 Retained Earnings 100,000 130,000 150,000 a. Prepare consolidation worksheet S at December 31, 2014 b.Assume total Stockholders Equity of Haskins at December 31, 2015 is $6,000,000. How much is consolidated Stockholders equity. c. How would this answer differ if Haskins were using the partial equity method and if there was $10,000 of excess amortization.
Haskins acquires 100% of Sells on January 1, 2011. Haskins uses the equity method. It is now December 31, 2014. The following are
1/1/11 1/1/14 12/31/14
Common Stock. 120,000 140,000 160,000
Additional Paid in Capital. 2,000,000 2,300,000 2,500,000
a. Prepare consolidation worksheet S at December 31, 2014
b.Assume total Stockholders Equity of Haskins at December 31, 2015 is $6,000,000. How much is consolidated Stockholders equity.
c. How would this answer differ if Haskins were using the partial equity method and if there was $10,000 of excess amortization.
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