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Accounting homework help. 130,000 retained earnings and the fair market value...

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Accounting

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130,000 retained earnings and the fair market value of the building is $40,000. The equipment has a 5 year remaining live (no salvage) and the builidng has a 10 year remaining life (no salvage) REQUIRED; USING WHICHEVER METHOD YOU LIKE (INITIAL VALUE, PARTIAL EQUITY OR FULL EQUITY) MAKE THE JOURNAL ENTRIES OBAMA DOES IN 2016 DUE TO ITS INVESTMENT IN BIDEN (YOU CAN IGNORE THE PURCHASE; JUST THOSE AFTER JANUARY STH) PREPARE THE WORKSHEET ENTRIES NEEDED DECEMBER 31 PREPARE A CONSOLIDATED INCOME STATEMENT FOR 2016 PREPARE A CONSOLATED BALANCE SHEET FOR DECEMBER 31 2016. 130,000 retained earnings and the fair market value of the building is $40,000. The equipment has a 5 year remaining live (no salvage) and the builidng has a 10 year remaining life (no salvage) REQUIRED; USING WHICHEVER METHOD YOU LIKE (INITIAL VALUE, PARTIAL EQUITY OR FULL EQUITY) MAKE THE JOURNAL ENTRIES OBAMA DOES IN 2016 DUE TO ITS INVESTMENT IN BIDEN (YOU CAN IGNORE THE PURCHASE; JUST THOSE AFTER JANUARY STH) PREPARE THE WORKSHEET ENTRIES NEEDED DECEMBER 31 PREPARE A CONSOLIDATED INCOME STATEMENT FOR 2016 PREPARE A CONSOLATED BALANCE SHEET FOR DECEMBER 31 2016

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