Advanced Accounting (Looseleaf)
Advanced Accounting (Looseleaf)
12th Edition
ISBN: 9780077632595
Author: Hoyle
Publisher: MCG
Question
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Chapter 3, Problem 15P

a.

To determine

  • Find the amount reported as consolidated retained earnings on December 31, 2014 if the parent uses the equity method.
  • Determine whether the amount of consolidated retained earnings change if the parent had applied either the initial value or partial equity method for internal accounting purposes.

b.

To determine

Find the Investment in Company R’s account on Company H’s books on January 1, 2015 if:

  • The parent uses the equity method.
  • The parent uses the partial equity method.
  • The parent uses the initial value method

c.

To determine

Provide Entry *C on a 2015 consolidation worksheet:

  • The parent uses the equity method
  • The parent uses the partial equity method
  • The parent uses the initial value method

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