ACCOUNTING-.Prepare a worksheet to consolidate the separate 2013 financial statements
Question # 00117346
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Updated on: 10/14/2015 12:08 PM Due on: 11/13/2015
- a.Prepare a worksheet to consolidate the separate 2013 financial statements for Gibson and Keller.
- b.How would the consolidation entries in requirement (a) have differed if Gibson had sold a building with a $60,000 book value (cost of $140,000) to Keller for $100,000 instead of land, as the problem reports? Assume that the building had a 10-year remaining life at the date of transfer.
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Solution: ACCOUNTING-.Prepare a worksheet to consolidate the separate 2013 financial statements