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  1. business
  2. accounting
  3. b. prepare a summary of intercompany bond transact

b. Prepare a summary of intercompany bond transactions including the gain or loss for each...

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Accounting

b. Prepare a summary of intercompany bond transactions including the gain or loss for each
company (before- tax) as well as the effect on the consolidated entity. (5 marks)
c. Prepare a summary of the intercompany interest revenues and expenses (before-tax).(5
marks)
d. Prepare a detailed calculation of consolidated net income for 2023.(10 marks)
e. Prepare Pro's consolidated income statement for the year ended December 31,2023. Show
the allocation of consolidated net income between the controlling and noncontrolling
shareholders. (15 marks)
f. Prepare a detailed calculation of consolidated retained earnings as at January 1,2023.(5 i. Prepare a calculation of noncontrolling interest as at December 31,2023.(10 marks)
j. Prepare Pro's Consolidated Balance Sheet as at December 31,2023.(10 marks)
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