Deferred Tax Workpaper by lkr18886

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									(P10-27)
a.
                                Acme Powder Corporation and Brown Company
                                   Consolidated Balance Sheet Workpaper
                                   For the Year Ended December 31, 20X9

                                     Acme Powder       Brown              Eliminations
           Item                       Corporation     Company        Debits          Credits

 Cash                                     44,400        20,000
 Accounts Receivable                     120,000        60,000
 Inventory                               170,000       120,000

 Land                                     90,000        30,000
 Buildings and Equipment                 500,000       300,000

 Investment in Brown Company Stock       280,000
 Deferred Tax Asset

                                                -            -
                                        1,204,400      530,000

 Accumulated Depreciation                180,000        80,000
 Accounts Payable                         70,000        20,000
 Wages Payable                            80,000        30,000
 Bonds Payable                           200,000             -
 Common Stock                            100,000       150,000
 Retained Earnings                       574,400       250,000



 Noncontrolling Interest
                                                -            -               -                 -
                                        1,204,400      530,000               -                 -




                            Acme Powder Corporation and Subsidiary
                                 Consolidated Balance Sheet
                                    Decmeber 31, 20X9

ASSETS                                                                             $           -




                                          P10-27                                          Page 1

								
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