Prepare the working paper entry

Assignment Help Accounting Basics

Reference no: EM133360221

Question: Paul Corporation paid 582,900 to buy 10%% of Slide Company's common stock on Jan 1, 2013 and paid $468.090 to buy 65% of Slide's stock on December 31. 2013 On December 11, 2013. Slide's stockholders equity was Common Stock at 53090 and Retained Earnings at $670,000. Slide's $7010,000 of reported net assets were fairly stated, with the exception of long-term debt. The book value and fair value of Slide's long term debt were $25000) and $29, 100 respectively. Fair values of Paul's 15% investment in Slide and of the bancontrolling interest were $72,010 and $180,090 respectively on December 31, 2013. Prepare the working paper entry (in journal entry format) for Paul Corporation and subsidiary on December 31,

Reference no: EM133360221

Questions Cloud

How can breakdowns and inadequacies in our healthcare : It might be easier to understand this concept of "quality" and "outcomes" if we relate to the HIM we are exploring. How can breakdowns and inadequacies

What resources are available in your community to assist : What resources are available in your community to assist with concerns such as child abuse and low income single mothers? What are the reporting requirements

Compute the net assets displayed in the governmental : Compute the net assets displayed in the governmental activities column of the government-wide financial statements.

What is corporate communication : What is corporate communication? To answer this question, you should first give a textbook or dictionary definition of this term.

Prepare the working paper entry : Prepare the working paper entry (in journal entry format) for Paul Corporation and subsidiary on December 31

What went into your decision and what did you need to know : What went into your decision? What did you need to know, do, and consider? How did you determine what to do next? What was the outcome? If you had to do it

What is citizen journalism : What is citizen journalism? How has it changed over time? Do you agree with the speaker's perspective (Brian Conley's Ted Talk?)

An analysis for the quality review of the work : An analysis for the quality review of the work - The only thing needed now is your quality review of the work before Angela signs the opinion

What surprised you the most about betty : What surprised you the most about Betty? Explain your response. Betty talks about her mom being put into a nursing home. Do you feel that ageism

User Account

All Pages