3 2 A 4 D 5 ヨ Land Equipment (net) Customer list (net) Buildings (net) Investment in Hill Investment income Investment in Hill Investment in Hill Dividends declared Amortization expense Depreciation expense Buildings (net) Equipment (net) Customer list (net) < Required B Required C < Prev 4 of 5 Next > Return to question If the parent uses the equity method, what consolidation entries would be used on a 2021 worksheet? (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) No Event 1 S Retained earnings Common stock Additional paid-in capital Investment in Hill 2 A Land 3 4 D 5 = Equipment (net) Customer list (net) Buildings (net) Investment in Hill Investment income Investment in Hill Investment in Hill Dividends declared Amartination avannon Accounts Drov of 5 Novt Debit Credit 620,000 36,000 918,000 1,574,000
3 2 A 4 D 5 ヨ Land Equipment (net) Customer list (net) Buildings (net) Investment in Hill Investment income Investment in Hill Investment in Hill Dividends declared Amortization expense Depreciation expense Buildings (net) Equipment (net) Customer list (net) < Required B Required C < Prev 4 of 5 Next > Return to question If the parent uses the equity method, what consolidation entries would be used on a 2021 worksheet? (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) No Event 1 S Retained earnings Common stock Additional paid-in capital Investment in Hill 2 A Land 3 4 D 5 = Equipment (net) Customer list (net) Buildings (net) Investment in Hill Investment income Investment in Hill Investment in Hill Dividends declared Amartination avannon Accounts Drov of 5 Novt Debit Credit 620,000 36,000 918,000 1,574,000
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter13: Investments And Long-term Receivables
Section: Chapter Questions
Problem 24GI
Related questions
Question
Transcribed Image Text:3
2
A
4
D
5
ヨ
Land
Equipment (net)
Customer list (net)
Buildings (net)
Investment in Hill
Investment income
Investment in Hill
Investment in Hill
Dividends declared
Amortization expense
Depreciation expense
Buildings (net)
Equipment (net)
Customer list (net)
< Required B
Required C
< Prev
4 of 5
Next >
Transcribed Image Text:Return to question
If the parent uses the equity method, what consolidation entries would be used on a 2021 worksheet? (If no entry is required
for a transaction/event, select "No journal entry required" in the first account field.)
No
Event
1
S
Retained earnings
Common stock
Additional paid-in capital
Investment in Hill
2
A
Land
3
4
D
5
=
Equipment (net)
Customer list (net)
Buildings (net)
Investment in Hill
Investment income
Investment in Hill
Investment in Hill
Dividends declared
Amartination avannon
Accounts
Drov
of 5
Novt
Debit
Credit
620,000
36,000
918,000
1,574,000
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