Accounting Consolidation Working Paper, Noncontrolling Interest, Intercompany Merchandise Transactions Parent Company acquired 65% of the B C D E F G H K M N Consolidated Eliminations (1-3) (E) (R) (0) (N) Balances 1 Consolidation Working Paper, Noncontrolling I Required: A) Calculate the initial goodwill arising from this acquisition, and its allocation to the controlling and noncontrolling interests. B) Prepare a schedule computing’s Parent’s equity in net income of Subsidiary and noncontrolling interest in net income for 2020. C) Prepare a working paper to consolidate the trial balances of Parent and Subsidiary at December 31, 2020. Please show all work.
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