Homework Help Save &Exit Problem 6-47 (LO 6-5) Bolero Company holds 70 percent of the...
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Homework Help Save &Exit Problem 6-47 (LO 6-5) Bolero Company holds 70 percent of the common stock of Rivera, Inc., and 30 percent of this subsidiary's convertible bonds. The following consolidated financial statements are for 2017 and 2018: (950,000) 3,080,000) Cost of goods sold Depreciation and anoreleation Gain on sale of bailding Interest expense Consolidated net income to noncontrolling interest 620,000 110,000 660,000 140,000) (170,0001 to parent company Retained earnings1/ Net income Dividends declared (270,000 (141,000)(239,000 (320,000) (391,000 (141, 000) (239, 000) Retained earnings, 12/31 Accounts receivable Buildings and equipment (net) (391,000) (510,000) 100,000 190,000 220,000 60.000 200,000 160,000 380,000 740,000 Total assets Accounts payable Bonds payable Noncontrolling interest in Rivera 1,360,000 1,645,000 (62,000)130,0001 (420,000) 52,000 (138,000 197,000) 540,000 (71,000) (150,000) (244,000) Additional paid-in eapital Retained earnings Total 1iabilities and equities 360,000) 511.645,000)
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