15000 0915000 350000 0550000 150000 0150000 100000 0700000 250000 0215000 100000

15000
0915000
350000
0550000
150000
0150000
100000
0700000
250000
0215000
100000
000215000
100000
0
0
0
000
0
0
0000
0
0
0
0
0750000
23000
900000
350000
015000
0915000
350000
0550000
150000
0150000
100000
0700000
250000
0215000
100000
000215000
100000
0
0
0
000
0
0
0000
0
0
0
0
0750000
230000207000
6000
0510000
00813000
54000
0150000
250002430000
315000
0850000
90000
0825000
0120000
0109000
030000
0136000
75000
0
0
0
000
01920000
315000
0
0
0Consolidated Statements Workpaper
For the Year Ended December 31 2009
Eliminating Entries
Pillow Company
Satin Company
Dr.
Cr.
Noncontrolling Interest
Consolidated Balance
Income Statement
Sales
Equity in Subsidiary Income
Total Revenue
Cost of Goods Sold
Total Cost and Expense
Net Income
Subsidiary Income prior to acquisition
Net Income to Retained Earnings
Retained Earnings Statement
Retained Earnings 1/1
Pillow Company
Net Income from Above
Dividends Declared
Retained Earnings 12/31
Balance Sheet
Current Assets
Difference b/w Implied & Book Value
Plant and Equipment
Total
Common Stock
Other Contributed Capital
Retained Earnings from Above
1/1 Noncontrolling Interest
12/31 Noncontrolling Interest
Paper Inc. and Subsidiary
Operating Expenses
Investment in Scissor
Paper Inc.
Scissor Company
Cash
Land
Liabilities

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