poco company purchased 85 of the outstanding common stock of serena company on december 31 2009 for 310000 cash

Required:
A. Assume that Poco Company uses the equity method. Prepare in general journal form the entries needed in the preparation of a consolidated statements workpaper on December 31, 2012. Explain why the partial and complete equity methods would result in the same entries in this instance.
B. Assume that Poco Company uses the cost method. Prepare in general journal form the entries needed in the preparation of a consolidated statements workpaper on December 31, 2012.

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