MIKKO OYJ AND SUBSIDIAR

CONSOLIDATION WORKPAP
For the year ended December 3
Jenna OYJ (90%
DEBITS Mikko OYJ
owned subsidiary)
Cash $ 1,000.00 $ 800.00
Accounts Receivable $ 1,200.00 $ 400.00
Inventory $ 1,400.00 $ 800.00
Land $ 600.00 $ 300.00
Equipment-net $ 1,900.00 $ 1,400.00
Building-net $ 3,000.00 $ 2,000.00
Investment in Jenna OYJ $ 2,790.00 $ -
Cost of Sales $ 5,000.00 $ 3,500.00
Other Expenses $ 1,000.00 $ 800.00
Dividends $ 500.00 $ 200.00

Non-controlling interest shares $ - $ -

Goodwill $ - $ -
TOTAL $ 18,390.00 $ 10,200.00
CREDITS

Accounts Payable $ 1,300.00 $ 1,000.00

Common Stock $ 6,000.00 $ 2,000.00
Retained Earnings $ 3,290.00 $ 1,000.00
Sales $ 7,300.00 $ 6,000.00
Gain on sale of equipment $ - $ 200.00
Gain on sale of building $ 500.00 $ -

Non-controlling interest Dec 31

Non-controlling interest Jan 1
Consolidated net income
Consolidated retained earnings
TOTAL $ 18,390.00 $ 10,200.00
 MIKKO OYJ AND SUBSIDIARY
CONSOLIDATION WORKPAPERS
For the year ended December 31, 2014
Adjustments & Eliminations Consolidated Consolidated Consolidated
Debit Credit Profit/Loss Retained Earnings Statements
$ 1,800.00
$ 1,600.00
$ 2,200.00
$ 900.00
$ 50.00 $ 200.00 $ 3,150.00
$ 500.00 $ 4,500.00
$ 180.00 $ 2,970.00 $ -
$ 200.00 $ 8,300.00
$ 50.00 $ 1,750.00
$ 20.00 $ 500.00

$ 193.00 $ 193.00
$ 460.00 $ 460.00
$ 14,610.00

$ 2,300.00
$ 2,000.00 $ 6,000.00
$ 1,000.00 $ 3,290.00
$ 13,300.00
$ 200.00
$ 500.00

$ 20.00 $ 173.00 $ 463.00

$ 310.00
$ 3,057.00 $ 3,057.00
$ 5,847.00 $ 5,847.00
$ 14,610.00