The trial balances of Parker and Sargent companies of Exercise 7 for December 31, 2016, are presented as follows:Parker Company continues to use the cost method.1. Prepare all the eliminations and...

The trial balances of Parker and Sargent companies of Exercise 7 for December 31, 2016, are presented as follows: Parker Company continues to use the cost method. 1. Prepare all the eliminations and adjustments that would be made on the 2016 consolidated worksheet. View Solution:

The trial balances of Parker and Sargent companies of Exercise