consolidated financial statements scenario the
Assignment Choice #1: Consolidated Financial Statements Scenario
The first part is a scenario covering the topic of consolidated financial statements. The second part is the preparation of a consolidated financial statement. You will submit both parts separately.
Part 1: Scenario – Written
A new employee has been given responsibility for preparing the consolidated financial statements of Sample Company. After attempting to work alone for some time, the employee seeks assistance in gaining a better overall understanding of the way in which the consolidation process works. You have been asked to provide assistance in explaining the consolidation process. The employee is asking you to respond to the following questions. Please provide full explanations and use examples to support your work.
Your responses should be complete, cite appropriate examples, well written, and in conformity with the CSU-Global Guide to Writing and APA Requirements.
Part 2: Problem Solving – Journal
Using the data in the Option 1 Spreadsheet (linked at the bottom of the page), perform the accounting required for the acquisition of Little, Inc. by Big, Inc. Within the worksheet, you are to:
Complete all work on the spreadsheet attached to this assignment; it will be your only deliverable
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