Chapter 5, Problem 5.5E

Balance Sheet Worksheet
Problem Company owns 90 percent of Solution Dairy’s stock. The balance sheets of the twocompanies immediately the Solution acquisition showed the following amounts:

The Pair value of thenoncontrolling interest at the date of acquisition was determined to be $30,000. The full amount of the increase over book value is assigned to kind held by Solution. At the date of acquisition, Solution owed Problem $8,000 plus $900 accrued interest. Solutionhad recorded the accrued interest, but Problem had not.
Required
Prepare and complete a consolidated balance sheet worksheet.