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Adams Corporation acquired 90 percent of the...

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Accounting

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Adams Corporation acquired 90 percent of the outstanding voting shares of Barstow, Inc, on December 31, 2019. Adams paid a total of $603.000 in cash for these shares. The 10 percent noncontrolling interest shares traded on a dally basis at fair value of $67.000 both before and after Adams's acquisition. On December 31, 2019, Barstow had the following account balances: December 31, 2021, adjusted triai balances for the two companies follow: At year-end, there were no intra-entity receivables or payables Complete this question by entering your answers in the tabs below. cAd. Prepare a consolidation worksheet for Adams Corporation and Barstow, Incy as of December 31, 2021. (For accounts where multiple consolidition antries are required, combine all debit entries into one amount and enter this amount in the debit column of the worksheet. Similarly. combitet all credit entries into one amount and enter this amount in the credit column of the worksheet. Input all amounts as positive values.)

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