Advanced Financial Accounting
Advanced Financial Accounting
11th Edition
ISBN: 9780078025877
Author: Theodore E. Christensen, David M Cottrell, Cassy JH Budd Advanced Financial Accounting
Publisher: McGraw-Hill Education
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Chapter 5, Problem 5.3C
To determine

Introduction: Pro-rata consolidation is a method used for the consolidation of joint ventures. In this method, income, expenses, assets, and liabilities are included proportionately to the firm’s percentage participation in the joint venture.

A memo offering recommendations on use of equity method or pro rata method of consolidation.

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