I am just missing the Noncontrolling interest and the Total at the end. Help please!
Plaza, Incorporated, acquires percent of the outstanding common stock of Stanford Corporation on January In exchange
for $ cash. At the acquisition date, Stanford's total falr value, Including the noncontrolling interest, was assessed at
$ Also at the acquisition date, Stanford's book value was $
Several Individual items on Stanford's financial records had falr values that differed from their book values as follows:
For Internal reporting purposes, Plaza, Incorporated, employs the equity method to account for this investment. The following account
balances are for the year ending December for both companies.
At yearend, there were no intraentity recelvables or payables.
Required:
Prepare a worksheet to consolidate the financlal statements of Plaza, Incorporated, and Its subsidlary Stanford.
