Refer to the preceding information for Paulcrafts acquisition of Switzers common stock. Assume that Paulcraft pays $420,000
Question:
Refer to the preceding information for Paulcraft’s acquisition of Switzer’s common
stock. Assume that Paulcraft pays $420,000 for 70% of Switzer common stock. Paulcraft uses
the cost method to account for its investment in Switzer. Paulcraft and Switzer have the following
trial balances on December 31, 2017:
Required
1. Prepare a value analysis and a determination and distribution of excess schedule for the investment in Switzer.
2. Complete a consolidated worksheet for Paulcraft Corporation and its subsidiary Switzer Corporation as of December 31, 2015. Prepare supporting amortization and income distribution schedules.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Here is the value analysis and determination and distribution of excess schedule for the investment ...View the full answer
Answered By
Mustafa olang
Please accept my enthusiastic application to solutionInn. I would love the opportunity to be a hardworking, passionate member of your tutoring program. As soon as I read the description of the program, I knew I was a well-qualified candidate for the position.
I have extensive tutoring experience in a variety of fields. I have tutored in English as well as Calculus. I have helped students learn to analyze literature, write essays, understand historical events, and graph parabolas. Your program requires that tutors be able to assist students in multiple subjects, and my experience would allow me to do just that.
You also state in your job posting that you require tutors that can work with students of all ages. As a summer camp counselor, I have experience working with preschool and kindergarten-age students. I have also tutored middle school students in reading, as well as college and high school students. Through these tutoring and counseling positions, I have learned how to best teach each age group. For example, I created songs to teach my three-year-old campers the camp rules, but I gave my college student daily quizzes to help her prepare for exams.
I am passionate about helping students improve in all academic subjects. I still remember my excitement when my calculus student received her first “A” on a quiz! I am confident that my passion and experience are the qualities you are looking for at solutionInn. Thank you so much for your time and consideration.
2+ Reviews
10+ Question Solved
Related Book For 
Advanced Accounting
ISBN: 978-1305084858
12th edition
Authors: Paul M. Fischer, William J. Tayler, Rita H. Cheng
Question Posted:
