Question

Determine the consolidated balance for each of the following accounts as of December 31, 2024: goodwill, equipment (net), common stock, buildings (net), dividends declared.

a) Goodwill - Accuμlated depreciation
b) Common stock - Retained earnings
c) Equipment (net) - Buildings (net)
d) Dividends declared - Operating income

Answer 1

To determine the consolidated balance for each of the mentioned accounts, more specific information about the transactions and events is needed.

Step-by-step explanation:

In order to determine the consolidated balance for each of the accounts as of December 31, 2024, we need more specific information about the transactions and events related to each account. The provided information includes assets and liabilities of a bank, which is not directly related to the accounts mentioned in the question.

Goodwill is an intangible asset that represents the excess of the purchase price over the fair value of the net assets acquired in a business combination. To determine the consolidated balance for Goodwill, we need to know the relevant transactions and adjustments that occurred during the period.

The same applies to the other accounts mentioned in the question (equipment (net), common stock, buildings (net), dividends declared). Without specific information about the transactions and events related to these accounts, it is not possible to determine their consolidated balances as of December 31, 2024.