Ch04 - Excel templates

# Ch04 - Excel templates - Student Name Class Problem 04-32...

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Student Name: Class: Problem 04-32 FATHER, INC. AND SAM CORPORATION - Purchase price allocation and annual amortization Acquisition-date subsidiary fair value Book value of subsidiary Fair value in excess of book value Allocations to specific accounts based on difference between fair value and book value: Land Buildings and equipment Copyright Notes payable Total Life Excess Annual excess amortizations: (years) Amortizations Buildings and equipment Copyright Notes payable Total

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Student Name: Class: Problem 04-32 Totals for the business combination for the year ending December 31, 2006 FATHER, INC. AND SAM CORPORATION Account Name Balance Explanation Revenues Cost of goods sold Depreciation expense Amortization expense Interest expense Equity in income of Sam Net income Retained earnings, 1/1 Noncontrolling interest in income of subsidiary Dividends paid Retained earnings, 12/31 Current assets Investment in Sam Land Buildings and equipment (net) Copyright Total assets Accounts payable Notes payable Noncontrolling interest in Sam Common stock Additional paid-in capital Retained earnings, 12/31 Total liabilities & equities
Student Name: Class: Problem 04-32 FATHER, INC. AND SAM CORPORATION Consolidation Worksheet Non- Father, Sam Consolidation Entries controlling Consolidated Accounts Inc. Corporation Debit Credit Interest Totals Revenues (1,360,000) (540,000) Cost of goods sold 700,000 385,000 Depreciation expense 260,000 10,000 Amortization expense - 5,000 Interest expense 44,000 5,000 Equity in income of Sam (105,000)

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Ch04 - Excel templates - Student Name Class Problem 04-32...

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