Assume that you are the accountant of ABC Company. The companys home office is in...
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Assume that you are the accountant of ABC Company. The companys home office is in Dubai and it has only one branch in Abu Dhabi. During 2017 the following transactions and events occurred. Prepare consolidated Income statement, Retained Earnings Statement and Balanced Sheet for ABC Company for the year ended December 31, 2018. You should use 4 column worksheets (Home office, Branch, Elimination and Combination). In the worksheet indicate the amounts as debit or credit.
You need to assume account titles and account balances needed to prepare the worksheets and the financial statements.
Prepare home Office Adjusting and Closing Entries and Branch Closing Entries that should be done 31/12/2018.
please i need to solve this urgently today is due please solve it .(You need to assume account titles and account balances needed to prepare the worksheets and the financial statements)
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