Make the journal entry for big bird ltd to record the work

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Reference no: EM132724998

Big Bird Ltd owns 61% of Peter Pan Ltd, 49% of Scooby-doo Ltd, and 76% of Sponge Bob Ltd. Below are the individual Balance Sheets for Big Bird Ltd, Peter Pan Ltd, Scooby-doo Ltd, Sponge Bob Ltd and the consolidated Balance Sheet of Big Bird Group Ltd. There are a number of errors in the consolidated Balance Sheet.

Question 1: Determine what those errors are and to correctly recalculate the consolidated Balance Sheet.

Question 2: the journal entry for Big Bird Ltd to record the work paper investment elimination entries

Question 3: a recalculated classified consolidated Balance Sheet in soft copy in correct form.

Reference no: EM132724998

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