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

Exercise 16

Worksheet, blocks, control with first block. The following determination and distribution of excess schedule is prepared on January 1, 2012, the date on which Parker Company purchases a 60% interest in Share Company:
1. Prepare an analysis for the second purchase of Share stock by Parker Company on December 31, 2013.
2. Prepare the worksheet necessary to produce the consolidated financial statements of Parker Company and its subsidiary as of December 31, 2015. Include an income distribution schedule.