Jackson and uses the equity method

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Since 2010, Holden has owned 100% of Jackson and uses the equity method to account for its investment in Jackson. Holden has a fiscal year end of December 31 and Jackson has a fiscal year end of October 31. The following information is available: Holden Net Income January 1 - October 31, 2012 $8,000,000 Holden Net Income November 1- December 31, 2012 $2,000,000 Jackson Net Income November 1- December 31, 2011 $200,000 Jackson Net Income January 1, - October 31, 2012 $1,000,000 Jackson Net Income November 1- December 31, 2012 $300,000 Holden is preparing consolidated financial statements for 2012. The last time Jackson issued financial statements was for the year ended October 31, 2011.what is the worksheet entry of holden???

Reference no: EM13922223

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