Consolidated financial statement and determination and distribution of excess income schedule Consolidated financial statement are those kind of statement which contain consolidated financial information of subsidiary and holding company. In this elimination is made in controlling part also. In 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: Through the information given in the question, prepare consolidation worksheet with the supporting of determination and distribution of excess schedule.

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Chapter 3, Problem 3B.2AP

To determine

Consolidated financial statement and determination and distribution of excess income schedule

Consolidated financial statement are those kind of statement which contain consolidated financial information of subsidiary and holding company. In this elimination is made in controlling part also.

In 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:

Through the information given in the question, prepare consolidation worksheet with the supporting of determination and distribution of excess schedule.

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