Attached file and 4 PDF that are instructions in order to do problem. Document Preview: XXXXXXXXXX1545000 XXXXXXXXXXPECOS COMPANY AND SUARO COMPANYConsolidated WorksheetFor the Year Ended December...

Attached file and 4 PDF that are instructions in order to do problem.


Sheet1 PECOS COMPANY AND SUARO COMPANY Consolidated Worksheet For the Year Ended December 31, 2010 INITIAL VALUE METHOD Consolidation EntriesConsolidated Pecos SuaroDebitCreditTotals Revenues Operating expenses(E) Amortization of intangibles Goodwill impairment loss Income of Suaro(I) Net income Retained earnings—Pecos, 1/1(*C) Retained earnings—Suaro, 1/1(S) Net income (above) Dividends paid(I) Retained earnings, 12/31 Cash Receivables Inventory Investment in Suaro(S) (A) (*C) Consolidated Worksheet (continued) Land(A) Equipment (net) Software(A)(E) Other intangibles Brand name(A) Goodwill(A) Total assets3,089,100 Liabilities Common stock(S) Retained earnings (above) Total liabilities and equity1,545,0001,545,000-3,089,100 Shaded items were provided on the Consolidated Information Worksheet Sheet2 Sheet3