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: According to the question, need to prepare determination and distribution of excess schedule along with it recording of this investment is need to made.

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Chapter 3, Problem 3B.1AP

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:

According to the question, need to prepare determination and distribution of excess schedule along with it recording of this investment is need to made.

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