how much is the investment income to be reported by Nezuko Company in relation to the joint venture? how much is the share in other comprehensive income of Kamado company to be presented in the 2021 financial statements of Nezuko Company? how much is the dividend income to be reported by Nezuko company

account balance. Assume that nt of downstream intra-entity profits against its share of Sheridan's income. b. Prepare a consolidated worksheet to determine appropriate balances for external financial reporting as of December 31, 2024. Complete this question by entering your answers in the tabs below. Required A Required B Show how Pulaski determined the $409,651 Investment in Sheridan account balance. Assume that Pulaski defi of downstream intra-entity profits against its share of Sheridan's income. Note: Amounts to be deducted should be indicated with a minus sign. Consideration transferred Increase in Sheridan's retained earnings 1/1/23 to 1/1/24 Excess fair value amortization 2023 ending inventory profit deferral Pulaski's equity in earnings of Stinson for 2024 Sheridan 2024 dividends declared to Pulaski Investment account balance 12/31/24 Required A $(20,340) + $362,400 (20,340) $342,060 Required B >

Adjusted Trial Balance Account Title Debit Credit Cash 1,500   Accounts Receivable 1,460   Prepaid Insurance 800   Supplies 900   Equipment 5,500   Accumulated Depreciation-Equipment   550 Accounts Payable   1,300 Wages Payable   760 Owner, Capital   6,550 Owner, Drawing 1,400 Service Revenue   8,900 Wages Expense 3,000   Rent Expense 1,500   Supplies Expense 900   Utilities Expense 600   Depreciation Expense—Equipment    500     18,060 18,060

When a parent company uses the equity method to account for an investment in a subsidiary, why do both the parent’s Net Income and Retained Earnings account balances agree with the consolidated totals?