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Equity Method Consolidation Worksheet (MODULE 1)

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Equity Method Consolidation Worksheet (MODULE 1)
Complete the following consolidation worksheet assuming that Pubco (1) uses the equity method, (2) all intercompany inventory on hand at 12/31/06 (totaling $21,000) was resold by Subco in 2007 for $31,000. Make year-end adjusting entries in the Pubco or Subco column, as necessary. Show analyses at bottom of this sheet.
Equity Method Consolidation Worksheet (MODULE 1) Complete the following consolidation worksheet assuming that Pubco (1) uses the equity method, (2) all intercompany inventory on hand at 12/31/06 (totaling $21,000) was resold by Subco in 2007 for $31,000. Make year-end adjusting entries in the Pubco or Subco column, as necessary. Show analyses at bottom of this sheet.

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