i. The following trial balances as of December 31, 2016, are prepared:
Prepare the worksheet necessary to produce the consolidated financial statements of Barns Company and its subsidiaries for the year ended December 31, 2016. Include the determination and distribution of excess and income distribution schedules. Any excess of cost over book value is attributable to goodwill. All bond discounts are assumed to be amortized on a straightline basis.
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