Within the two files attached, one contains the instructions and the other contains the template to complete the work. I will be attentive to any questions and do my best to answer them.
1) Prepare the following consolidation and equity accounting entries for Purple Co. and its subseries and Associate for the year ended 31 December
1) Prepare the following consolidation and equity accounting entries for Purple Co. and its subseries and Associate for the year ended 31 December 20X5. CJE1: Elimination of investment in Yellow Co.; Dr. share capital (Yellow Co.) $ 3,120,000 Dr. Retained Earnings (Yellow Co.) $ 3,510,000 Dr. Goodwill $ 1,560,000 Cr.