Please, need help with the consolidated balance statement, especially the propor

Question

Please, need help with the consolidated balance statement, especially the proportionate consolidation from #3. Our textbook really stinks with examples, and i'm all confused now. i left out the parts of the questions i do understand. The balance sheets of Tiger Inc. and Dover Corporation on December 31, 2009 are given below: Tiger Inc. Dover Corp. Assets Cash $115,000 $ 10,000 Account receivable 50,000 100,000 Inventory 80,000 25,000 Current assets 245,000 135,000 Plant & equipment, net 25,000 100,000 Total $270,000 $235,000 Liabilities and shareholders

Explanation / Answer

WE HAVE: For Proportionate you actually add line by line by your proportion. Equity Method: Decrease in cash, increase in equivalent investment account in associate Acquisition Method: Decrease in cash, increase in asset and liability. Minority interest in equity section. Proportionate Consolidation Method: Decrease in cash, increase in propotionate asset and liability. No minority interest.

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