Test bank of Advanced Accounting by Guerrero & Peralta CHAPTER 20
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Memo entry in the RAOPS, RAOMO, RAOCO and RAOFE.. Memo entry in the RAOPS, RAOMO, RAOCO
(3) To eliminate intercompany gain on sale of equipment debited to Investment account and restore equipment to its original book value. Working Paper Elimination Entries –
(2) To allocate difference... (2) To
Papa’s retained earnings of P120,000 will
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24,400 To record payment of priority liabilities. Accounts
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Prepare a consolidated income statement and a statement of retained earnings for Swift and Subsidiary for the year ended December 31, 2005.. Prepare a consolidated balance sheet
