Individual Assignment 2
Everest University Online
Professor Mary Adams
November 8, 2015
Calculation of book value of Subsidiary:
Fair value at purchase
Add $200,000 in retained earnings fo
Name of the Company Being Acquired: Switzer Company
Name of the Acquiring Company: Paulcraft Corporation
Date of Acquisition: January 1, 2011
Date of Acquisition
Switzer Boat Corporation
Paulcraft Switzer Boat
Name of Company Being Acquired:
Name of Acquiring Company:
Date of Acquistion:
January 1, 2011
Date of Acquition
Determination and Distribution of Excess Schedule
Price paid for investment
Less book value interest acquired:
1) Rank the importance of each issue for your client and discuss whether the issues should
be considered separately or as part of the larger conversation.
The summary of accounting issues that could be considered in both the expansion in subsidiary 1
1) Do you agree that the consideration of consolidations on the statement of cash flows is
irrelevant? Why or why not?
Yes, I agree that the consideration of consolidations on the statement of cash flows is irrelevant.
The reason why the consideration of
How might you encounter international issues in your career as an industry or clientserving accountant?
Consider the implications of U.S. exporters; U.S. retail companies that purchase
goods internationally; or U.S. parents that acquire international su