100% purchase, goodwill, worksheet. On December 31, 2011, Adam Company purchases 100% of the common stock of Sampson Company for $475,000 cash. On this date, any excess of cost over book value is attributed to accounts with fair values that differ from book values. These accounts of Sampson Company have the following fair values: 11eb5b63_564c_9013_bcf8_2dfcec54be47_SM1534_00 The following comparative balance sheets are prepared for the two companies immediately after the purchase: 11eb5b63_564c_9014_bcf8_abf8849d7f31_SM1534_00 1. Prepare the value analysis schedule and the determination and distribution of excess schedule for the investment in Sampson Company. 2. Complete a consolidated worksheet for Adam Company and its subsidiary Sampson Company as of December 31, 2011.

Advanced Accounting 11th Edition by Paul Fischer,William Tayler, Rita Cheng

النسخة 11الرقم المعياري الدولي: 978-0538480284

Advanced Accounting 11th Edition by Paul Fischer,William Tayler, Rita Cheng

النسخة 11الرقم المعياري الدولي: 978-0538480284

تمرين 29

100% purchase, goodwill, worksheet. On December 31, 2011, Adam Company purchases 100% of the common stock of Sampson Company for $475,000 cash. On this date, any excess of cost over book value is attributed to accounts with fair values that differ from book values. These accounts of Sampson Company have the following fair values:

The following comparative balance sheets are prepared for the two companies immediately after the purchase:

1. Prepare the value analysis schedule and the determination and distribution of excess schedule for the investment in Sampson Company.
2. Complete a consolidated worksheet for Adam Company and its subsidiary Sampson Company as of December 31, 2011.

التوضيح

موثّق

1.
It is given that the fair value of c...