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
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
Financial Accounting
14th Edition
ISBN:9781305088436
Author:Carl Warren, Jim Reeve, Jonathan Duchac
Publisher:Carl Warren, Jim Reeve, Jonathan Duchac
Chapter15: Investments And Fair Value Accounting
Section: Chapter Questions
Problem 28E
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![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](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fe88169c0-30d3-4ce7-87d2-02ed6898810e%2Fca6d912e-ab02-46b7-baa6-77f3e5f527d4%2Fvix4evj_processed.jpeg&w=3840&q=75)
Transcribed Image Text: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
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