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Kaplan MT482 Unit 5 Assignment




Question;Intercorporate Investments. For this Assignment, turn to page 321 in your textbook (Chapter 5 of Financial Statements Analysis), and complete Case 5-1, Accounting Entries for Consolidation of Intercorporate Investments ? Axel Corporation This is a challenging activity. You should prepare to spend substantial time working on your response. Directions for Submitting Your Project Before you submit your project, you should save your work on your computer in a location, and with a name, that you will remember. Make sure your project is in the appropriate format (Word, Excel, PowerPoint, or other), then, when you are ready, you may submit on the Dropbox page. MT482 ? Unit 5 Assignment: Axel Case 5-1 Content, Analysis, and Effective writing skills Points Possible Possible Earned Response includes the journal entries for Axel Corp. to record the acquisition of Wheal Company stock assuming: ? pooling accounting ? purchase accounting. Response includes the worksheet entries for Axel Corp. to eliminate the investment in Wheal Company stock in preparation for a consolidated balance sheet at December 31, Year 4 assuming: ? pooling accounting ? purchase accounting. Response includes the calculation of consolidated retained earnings for December 31: ? Axel Corp. uses the pooling method for this business combination. ? Axel Corp. uses the purchase method for acquisition of Wheal Company 24 Correct spelling and gramma


Paper#49269 | Written in 18-Jul-2015

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