TAKE HOME QUESTION Listed below is a worksheet containing the financial statements Tiger for the year ending December 31, 2022; for its two 80%-owned subsidiaries, Lion and Panther, on December 31,...

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Answered 2 days AfterNov 12, 2021

Answer To: TAKE HOME QUESTION Listed below is a worksheet containing the financial statements Tiger for the...

Rochak answered on Nov 14 2021
125 Votes
2021 consol bs worksheet
    Balance sheets December 31, 2021
        Tiger    Lion            Consolidated
        12/31/21
    12/31/21            12/31/21
    Cash    70,000    30,000            94,000
    Accounts receivable    94,220    45,000            130,220
    Inventory    44,880    51,950            86,440
    Investments in subsidiary    64,000    - 0
    Plant and equipment net    75,000    140,000            187,000
        348,100    266,950            497,660
    Accounts payable    50,000    81,800            115,440
    Accrued liabilities    19,000    2,150            20,720
    Long term debt    140,000    80,000            204,000
            - 0
    Common stock    30,000    20,000            30,000
    Paid in capital    24,000    13,000            24,000
    Retained earnings    85,100    70,000            85,100
    Minority Interest                    18,400
        348,100    266,950            497,660
        - 0    - 0
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2022 Consol bs and is worksheet
    December 31, 2022
        Year    Year    June - Dec            CONSOLIDATED
        Tiger    Lion    Panther            CONSOLIDATED
    Income statement
    Revenues    96,000    152,800    121,000            369,800
    less Cost of...
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