• ACCT 559 Week 5 Course Project | Milestone 2

The Course Project is to be done by each student. The project is to solve a Case Study

Milestone 2—Required 2 and 3—due Week 5 (70 points)




2 (70 points)

Week 5

1. Adjust the separate financial statements of Parent Inc. to reflect the proposed acquisition. Adjust Parent’s pro forma 2013 financial statements prepared in Milestone 1 to reflect the proposed acquisition (i.e., adjust Parent’s forecasted financial statements for bond issuance, stock purchase, income from subsidiary, etc.). Support your statements with appropriate work papers and journal entries. Pro forma financial statements include a statement of operation, a statement of retained earnings, a balance sheet, and a cash flow statement.

2. Prepare a pro forma consolidated worksheet. Prepare a pro forma consolidation worksheet for Parent Inc. and its proposed subsidiary as of December 31, 2013. To ensure you are starting with the right numbers, use the solution provided to Milestone 1 for the adjusted pro forma 2013 financial statements of Parent Inc., and the projected 2013 financial statements of Subsidiary Corporation in Table 1. Show all consolidation adjusting entries, including minority interest entries.

NOTE: There is a Template for Milestones 1 and 2 available for your download that is also located in Doc Sharing.

ACCT 559 Week 5 Course Project | Milestone 2

  • Institution(s): Devry
  • Year Published: 2021
  • Digital Download: Instant
  • $15.00

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