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

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Answer 1

Question

Chapter 3, Problem 7.1E

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

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Answer 2

Question

Chapter 3, Problem 7.1E

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

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Answer 3

Question

Chapter 3, Problem 7.1E

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

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Answer 4

Question

Chapter 3, Problem 7.1E

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

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Answer 5

Chapter 3, Problem 7.1E

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

Answer 6

Chapter 3, Problem 7.1E

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

Answer 7

Chapter 3, Problem 7.1E

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

Answer 8

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Answer 9

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Answer 10

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Answer 11

Ch. 3 - Prob. 1UTI Ch. 3 - Prob. 2UTI Ch. 3 - Prob. 3UTI Ch. 3 - Prob. 4UTI Ch. 3 - Prob. 5UTI Ch. 3 - Prob. 6UTI Ch. 3 - Prob. 7UTI Ch. 3 - Prob. 1E Ch. 3 - Prob. 2E Ch. 3 - Prob. 3.1E

Solution Summary: The author explains how Parker acquired 80% of common stock of Sargent Company for 3,75,000 whereas fair value of acquiring company was 2,50,000.

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