80%, equity method worksheet, several adjustments, third year. Refer to the preceding common information for Paulcraft's acquisition of Switzer's common stock. Assume that Paulcraft pays $440,000 for 80% of Switzer common stock. Paulcraft uses the simple equity method to account for its investment in Switzer. Paulcraft and Switzer have the following trial balances on December 31, 2013: 11eb5b63_56d6_0b4d_bcf8_b574d78bc282_SM1534_00 11eb5b63_56d6_0b4e_bcf8_ab8622e1674b_SM1534_00 1. Prepare a value analysis and a determination and distribution of excess schedule for the investment in Switzer. 2. Complete a consolidated worksheet for Paulcraft Corporation and its subsidiary Switzer Corporation as of December 31, 2013. Prepare supporting amortization and income distribution schedules.

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 44

80%, equity method worksheet, several adjustments, third year. Refer to the preceding common information for Paulcraft's acquisition of Switzer's common stock. Assume that Paulcraft pays $440,000 for 80% of Switzer common stock. Paulcraft uses the simple equity method to account for its investment in Switzer. Paulcraft and Switzer have the following trial balances on December 31, 2013:

1. Prepare a value analysis and a determination and distribution of excess schedule for the investment in Switzer.
2. Complete a consolidated worksheet for Paulcraft Corporation and its subsidiary Switzer Corporation as of December 31, 2013. Prepare supporting amortization and income distribution schedules.

التوضيح

موثّق

Determination and Distribution of Excess...