Investment account and beginning retained earnings

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Reference no: EM13908852

On January 1, 2009 Herbert acquired all of the outstanding stock of Rambis for $500,000. Annual excess amortization of $20,000 resulted from this acquisition. Rambits reported Net Income of $8,000 in 2009 and $100,000 in 2010, and paid $32,000 dividends in 2009 and $40,000 dividends in 2010. a. what is the adjustment to Herbert’s Investment account and beginning Retained Earnings (i.e. entry *C) on a 2011 consolidation worksheet? ( uses the equity method) b. what is the adjustment to Herbert’s Investment account and beginning Retained Earnings (i.e. entry *C) on a 2011 consolidation worksheet? ( uses the partial equity method) c. what is the adjustment to Herbert’s Investment account and beginning Retained Earnings (i.e. entry *C) on a 2011 consolidation worksheet? ( uses the initial value method)

Reference no: EM13908852

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