Consolidation Working Paper, Three years after Consolidation After Several Years Using Cost Methodin thousands
Required
Note: Provide all answers in thousands.
a Prepare PlanetTwo's journal entry or entries during to report its investment in Stage Networks, on its own books.
Note: If no entry is required, select NA no debit entry is required" and NA no credit entry is required' as your answers.
b Prepare the working paper eliminating entries necessary to consolidate the accounts of PlanetTwo Communications and Stage Networks at December
Required
Prepare the working paper eliminating entries necessary to consolidate the financial statements of Adams and Baker at December
Enter answers using all zeros do not abbreviate answers to millions or thousandsacquisition
measurement period, the earnings contingency declined to a fair value of zero and the acquisition price was appropriately adjusted. Both companies have a June yearend.
At June GOC's total stockholders' equity was $ million, as follows in millions:
