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

Exercise 22

Block purchase, control with first block. Barker Corporation purchases a 60% interest in Hardwood Company on January 1, 2011, for $150,000. On that date, Hardwood Company has the following stockholders' equity:
Prepare a determination and distribution of excess schedule for the January 1, 2011, acquisition and analysis of the 20% acquisition on January 1, 2013. Prepare the consolidated balance sheet of Barker Corporation and subsidiary Hardwood Company on December 31, 2015.