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Set Company's stockholders' equity is composed of common stock
and retained earnings only.
Required:
1. Prepare the eliminating entries required for the preparation of a
consolidated statements work paper on December 31, 2014,
assuming the use of the cost method.
2. Prepare the eliminating entries required for the preparation of a
consolidated statements work paper on December 31, 2014,
assuming the use of the equity method.
3. Determine the total non-controlling interest that will be reported
on the consolidated balance sheet on December 31, 2014. How does
the non-controlling interest differ between the cost method and the
equity method?
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