(Solved by Humans)-Problems 6-45 and 6-48 consolidation

Paper Details

Can I get homework help for consolidation problems 6-25 and 6-28 per the attached? Document Preview: 2014 2015 -900000 -1030000 610000 650000 100000 120000 0 -30000 40000 40000 -150000 -250000 19000 21000 -131000 -229000 -310000 -381000 -131000 -229000 60000 110000 -381000 -500000 90000 180000 170000 150000 210000 360000 650000 710000 170000 155000 1290000 1555000 -160000 -110000 -410000 -520000 -42000 -61000 -110000 -140000 -187000 -224000 -381000 -500000 -1290000 -1555000 60000 127000 203000 65000 175000 300000 -35000 75000 175000 43000 242850 362000 485400 415000 720000 300000 365000 245000 370000 1800000 2037500 0 166250 3165000 4387000 80000 107000 400000 1200000 1800000 1800000 0 255500 885000 1024500 3165000 4387000 1217500 737500 187500 8750 9750 943500 274000 Problem 6-45 Bolero Company holds 80 percent of the common stock of Rivera, Inc.,and 40 percent of this subsidiary's convertible bonds. The following consolidated finanial statements are for 2014 and 2015: Bolero Company and Condolidated Subsidiary Rivera Revenues Cost of goods sold Depreciation and amortization Gain on sale of building interest expense Consolidated net income to noncontrolling interest to parent company Retained earinings, 1/1 Net income Dividends declared Retained earnings, 12/31 Cash Accounts receivable Inventory Buildings and equipment (net) Databases Total assets Accounts Payable Bonds payable Non controlling interest in Rivera Common stock Additional paid in capital Retained earnings Total liabilities and equities Required: Additional information for 2015 The parent issued bonds during the year for cash. Amortization of databases amounts to $15,000 per year. The parent sold a building with a cost of $80,000 but a $40,000 book value for cash on May 11. The subsidiary purchased equipment on Jul y 23 for $205,000 in cash Late in November, the parent issued stock for cash. During the year, the subsidiary paid dividends of $10,000. Bot parent and subsidiary pay dividends...