At year-end, there were no intra-entity receivables or payables. Required: Prepare a worksheet to...
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At yearend, there were no intraentity receivables or payables. Required: Prepare a worksheet to consolidate the financial statements of these two companies. For accounts where multiple consolidation entries are required, combine all debit entries into one amount and enter this amount in the debit column of the worksheet. Similarly, combine all credit entries into one amount and enter this amount in the credit column of the worksheet. Input all amounts as positive values. PADRE INCORPORATED, AND SIERRA CORPORATION Consolidated Worksheet For Year Ending December Accounts Padre Consolidation Entries Noncontrolling Consolidated 
At yearend, there were no intraentity receivables or payables.
Required:
Prepare a worksheet to consolidate the financial statements of these two companies.
For accounts where multiple consolidation entries are required, combine all debit entries into one amount and enter this amount in the debit column of the worksheet. Similarly, combine all credit entries into one amount and enter this amount in the credit column of the worksheet. Input all amounts as positive values.
PADRE INCORPORATED, AND SIERRA CORPORATION
Consolidated Worksheet
For Year Ending December
Accounts
Padre
Consolidation Entries
Noncontrolling
Consolidated
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