Accounting Homework
Use the Internet to research two publically traded U.S. companies, and download their financial statements. Assume you are the CEO of a major corporation. You are responsible for expanding the corporation through the acquisition of another company. Assume that the acquisition involved $15 million in goodwill.
Write 3 pages of paper:
I. Provide an explanation for the business combination method you selected in expanding the corporation by acquiring another firm, your reason for selecting that business combination method, and how the purchase will grow the business. Identify at least five (5) possible synergies that could occur as a result of the proposed acquisition.
II. Analyze the accounting requirements for the business combination method you selected. Prepare consolidated financial statements for the date of acquisition.
Format your homework according to the give formatting requirements:
1. The answer must be double spaced, typed, using Times New Roman font (size 12), with one-inch margins on all sides.
2. The response also includes a cover page containing the title of the homework, the course title, the student's name, and the date. The cover page is not included in the required page length.
3. Also include a reference page. The references and Citations should follow APA format. The reference page is not included in the required page length.
The specific course learning outcomes associated with this assignment are:
I. Examine the business combination planning and accounting process.
II. Analyze the accounting requirements for business combination and prepare the financial statements for the consolidation of subsidiaries on the date of acquisition.
a. Use technology and information resources to research issues in advanced accounting.
b. Write clearly and concisely about advanced accounting using proper writing mechanics.