(1) Record the investment in Sub. (2) Prepare a Value Analysis Schedule. (3) Prepare a Determination and Distribution of excess schedule for the investment in Sub. (4) Prepare all required elimination entries for the December 31, 2020 consolidated worksheet in general journal format. (5) Prepare the income distribution schedules. (6) Complete the consolidated worksheet for Parent and its subsidiary Sub as of December 31, 2020. (7) Prepare the consolidated Income Statement, Statement of Retained Earnings, and Balance sheet as of December 31, 2020.
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(1) Record the investment in Sub. (2) Prepare a Value Analysis Schedule. (3) Prepare a Determination...
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