Prepare the consolidated balance sheet in good form

Assignment Help Financial Accounting

Reference no: EM131095720

Acquisitions with Ownership = 100% and BV = FMV

Using the data in theattached spreadsheet perform the accounting required for the acquisition of Little, Inc. by Big, Inc. This is a 100% acquisition where the book value of the assets acquired equals the acquisition price. Within the worksheet, you are to:

1. Select an accounting method (either cost or equity) and explain why you selected this method
2. Perform the required journal entries
3. Complete the consolidation worksheet
4. Prepare the consolidated balance sheet in good form

Requirements:

Complete all work on the spreadsheet it will be your only deliverable.

Clearly identify the requirements being addressed. Show all calculations within the cells of an Excel spreadsheet. This means that you must use formulas and links so that the thought process can be examined. Make good use of comments to convey your thought process as well. No hard coding of solutions. Submit a single MS Excel file.

Attachment:- Acquisition.xlsx

Reference no: EM131095720

Questions Cloud

Would an erp strategy work well for personal trainer : Would an ERP strategy work well for Personal Trainer? Investigate ERP strategiesand products available from Internet vendors and submit a recommendation basedon your research.

Financial services needs of a customer : If you were to consider the financial services needs of a customer over his or her entire lifetime (after college), what specific information would you want to know about a customer?

Describe the structure or system by filling out : Describe the structure or system by filling out the following. Address each point with complete, grammatically correct sentences. Focus or mission of the structure or syste.

Determine the weighted average number of shares outstanding : Determine the weighted average number of shares outstanding for computing the current earnings per share. Round your interim computations and final answer for the number of shares to nearest whole number.

Prepare the consolidated balance sheet in good form : Prepare the consolidated balance sheet in good form. Show all calculations within the cells of an Excel spreadsheet. This means that you must use formulas and links so that the thought process can be examined.

What is the cross-sectional area of the conductor in circuit : What is the cross-sectional area of the conductor in circular mils?

Provide an example of a decision making process : 1. Discussion: When Good Decisions go Bad Provide an example of a decision making process that you were involved in that ended poorly (it could be at work, but it doesn't have to be). Why do you think it went wrong? What happened next? Be sure to ..

Calculate any four ratios for alvin company : For Alvin Company for 2014, calculate any four ratios. Give ratio name, formula, and calculation, state of ratio, and one sentence of explaining each ratio.

Interviewee a respectful and professional inquiry : Conduct your interview. Interviews may be conducted on site (for this the student must send to the potential interviewee a respectful and professional inquiry about the possibility of an interview) or on the phone.

User Account

All Pages