Consolidation Journal Entries

SAIDEP*C
S - Elimination of Subsidiary's Stockholders Equity along with recognition of non controlling interest.
A - Allocation of subsidiary total fair value in excess of book value, unamortized balances
I - Elimination of intra-entity income
D - Elimination of intra-entity dividend payments
E - Recognition of amortization expenses on fair-value allocations
P - Elimination of the intra-entity debt
*C - Adjust parents Retained Earnings from the Partial Equity Method or the Initial Value method to the equity method.

IVM Method Entries:

S:
Common Stock
Retained Earnings 1/1
   Investment in Company
   Noncontrolling Interest in Company

A1 & A2
Buildings
Land
Equipment
Goodwill
   Investment in Company
   Noncontrolling Interest in Company

I:
Dividend Income
   Dividends Paid

D:
No Entry when using IVM method

E:
Depreciation Expense
Amortization Expense
   Buildings
   Equipment

P:
Liabilities
   Current Assets

*C:
Investment in Company
   Retained Earnings, 1/1