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A) In the consolidation work paper the eliminating entries are recorded. The records make
the entries not to change. The remaining balances are supposed to be recorded in the
books of the company. For every time that the statements are prepared the remaining
balances that are reported on the books of the company. This marks the starting points of
the records that are stated. Therefore, all the entries that are necessary should be entered
during every time in the consolidation work paper.
B) For the prior acquisitions that make the application of FASB 141R, then there is
assignation to the shareholders that are non-controlling. This is done during the beginning
of assignation. During this start the value of the figures matching the net assets are
recorded. This net assets should be subsidiary. The recording should be done in the work
paper. This entry is made in order to eliminate stakeholders’ equity balances at the
beginning. This also includes the investment balance of the beginning account. The
acquisition is done after the effective date of FASB 141R. The no...