Blank corporation owns 60% of grand corporation’s voting common stock on December
June 7th, 2024
Blank corporation owns 60% of grand corporation’s voting common stock on December 31, 20X4, blank paid grand $270,000 for dump trucks grand had purchased on January 1, 20X2. Both companies use straight line depreciation. The consolidation entry included in preparing consolidated finacial statement at December 31,20X4,was Worksheet entry Debite Credittrucks 30,000gain on sale of truck s 30000accumulated depreciation 60,000 requiereda. prepare the worksheet consolidation entry needed in preparing the consolidated financial statement at December 31,20X5.