Determination and distribution of excess income schedule Through this price paid for subsidiary equity is compared with predetermine imbalance which is occurred in the consolidated worksheet because of elimination of in the investment account against the underlying subsidiary equity. To calculate: Prepare consolidated income statement and determination and distribution of excess income schedule for the year end December 31, 2016.

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Chapter 3, Problem 3B.2.1AE

To determine

Determination and distribution of excess income schedule

Through this price paid for subsidiary equity is compared with predetermine imbalance which is occurred in the consolidated worksheet because of elimination of in the investment account against the underlying subsidiary equity.

To calculate:

Prepare consolidated income statement and determination and distribution of excess income schedule for the year end December 31, 2016.

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