Consolidated Financial Statements
Using the data in the Spreadsheet, perform the accounting required for the acquisition of Little, Inc. by Big, Inc. Within the worksheet, you are to:
1. Select an accounting method (either cost or equity) and explain why you selected this method
2. Perform the required journal entries
3. Complete the consolidation worksheet
4. Prepare the consolidated balance sheet in good form
5. Complete all work on the spreadsheet attached to this assignment; it will be your only deliverable.
6. Show all calculations – no hard coding
Make sure to label your answers and provide support where needed. Your responses should be complete, well written, and in conformity with APA Requirements.
1. Select an accounting method (either cost or equity) and explain why you selected this method
2. Perform the required journal entries
3. Complete the consolidation worksheet
4. Prepare the consolidated balance sheet in good form
5. Complete all work on the spreadsheet attached to this assignment; it will be your only deliverable.
6. Show all calculations – no hard coding
Make sure to label your answers and provide support where needed. Your responses should be complete, well written, and in conformity with APA Requirements.
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