Consolidated Financial Statements: Post Acquisition. Example. CPA exam

In this session, I work an example in consolidated financial statements post acquisition.
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[@koopher]

I think since the subsidiary was just acquired it should reflect only one year of entries. "A" Should be unamortized excess values at the acquisition date. So, in step "A", there should be an increase to "unpatent" tech for $800,000, an increase in patent technology for $250,000, and an increase in the loan of 100,000. Then in entry "E" you recognize the amortization of $100,000, $250,000, and ($20,000) respectively. In this problem, unpatent tech is already $700,000 then reduced to $600,000 after entry "E".

[@anisurrahman8203]

Do you have an excel file to exercise for the exam?

[@velepijere516]

Thank you just trying to understand goodwill

[@AccountingLectures]

Thank you and please visit the website for more farhatlectures.com/

[@lynnjaby]

Very clear! Thanks! What will happen if the subsidiary will be dissolved (legally) next year, and the parent will absorb all the subsidiary's customers and everything?

[@antonmursid3505]

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[@sima556]

Hi, thank you for sharing. Is it possible if you can share this excel file with us? Thankyou :)

[@sonerguney3225]

Can we have the Excel version to download?