Elimination and adjustment entries Requirement of making such kind of entries is to eliminate the subsidiary share in the books of holding and also to record the transaction in the books of accounts. To calculate: Prepare consolidated worksheet for elimination and adjustments for the year end December 31 , 2016 .

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Chapter 3, Problem 3B.1.3AE

To determine

Elimination and adjustment entries

Requirement of making such kind of entries is to eliminate the subsidiary share in the books of holding and also to record the transaction in the books of accounts.

To calculate:

Prepare consolidated worksheet for elimination and adjustments for the year end December 31, 2016 .

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