How to convert parents beginning retained earnings

Reference no: EM133500713

Question: Prepare a worksheet to consolidate the financial information for these two companies. (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.)

Additional comments: How to convert parent's beginning retained earnings to full accrual basis? to get the retained earnings 1/1/15 on the credit side. Please see image on page 13. The provided answer is $250,000

Reference no: EM133500713

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