Required: Prepare an acquisition-date consolidated balance sheet for Casey Corporation and its subsidiary Kennedy Corporation. Note: For accounts where multiple consolidation entries are required, combine all debit entries into one amount and enter this amount in the debit column of the worksheet. Similarly, combine all credit entries into one amount and enter this amount in the credit column of the worksheet. Input all amounts as positive values.

Please Do not Give image format

Please provide short answers or by saying YES / NO to the following questions: a) All inter-company sales, purchases, AR, AP and profits are eliminated upon consolidation. b) The entity which has control need to consolidate the financials c) To have control over other business, 49% of the voting rights in the other business are sufficient d) What are the three sections under which cash flow statements are analyzed e) Goodwill can be categorized as a liability.

Compute Measures for DuPont Disaggregation Analysis Use the information below for 2018 for 3M Company to answer the requirements. ($ millions) Sales Net income, consolidated Net income attributable to 3M shareholders Pretax interest expense Assets Total equity Equity attributable to 3M shareholders Net income consolidated S a. Compute return on equity (ROE) from the perspective of a 3M shareholder. Note: 1. Select the appropriate numerator and denominator used to compute ROE from the drop-down menu options. 2. Enter the numerator and denominator amounts to compute ROE Numerator Denominator E Net income consolidated (adjusted) 2018 2017 $32,765 5,363 5,349 S 207 36,500 $37,987 9,848 11,622 9,796 11,563 S + Average total equity 5,349 $ b. Compute the DuPont model component measures for profit margin, asset turnover, and financial leverage. (Perform these computations from a consolidated perspective). Profit Margin (PM) Note: 1. Select the appropriate numerator and denominator used to…

Please don't give image format

Problem Company owns 90 percent of Solution Dairy's stock. The balance sheets of the two companies immediately after the Solution acquisition showed the following amounts: Assets Cash & Receivables. Inventory Land Buildings & Equipment (net) Investment in Solution Dairy Total Assets Liabilities & Stockholders' Equity Current Payables Long-Term Liabilities Common Stock Retained Earnings Total Liabilities & Stockholders' Equity Problem Company $ 149,000 217,000 77,000 396,000 273,600 $ 1,112,600 Solution Dairy $ 76,000 266,600 390,000 380,000 $ 71,000 91,000 60,000 238,000 $ 460,000 $ 28,000 158,000 62,000 212,000 $ 1,112,600 $ 460,000 The fair value of the noncontrolling interest at the date of acquisition was determined to be $30,400. The full amount of the increase over book value is assigned to land held by Solution. At the date of acquisition, Solution owed Problem $13,000 plus $1,500 accrued interest. Solution had recorded the accrued interest, but Problem had not.

(b) Assuming that the exchange of Assets A and B lacks commercial substance, record the exchange for both Tamarisk, Inc. and Vaughn, Inc. in accordance with generally accepted accounting principles. (Do not round intermediate calculations. Round final answer to O decimal places e.g. 58,971. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Account Titles and Explanation Tamarisk, Inc.'s Books Debit Credit Vaughn, Inc.'s Books eTextbook and Media