Consolidation worksheet is a tool used to prepare consolidated financial statements of a parent and its subsidiaries. It shows the individual book values of both companies, the necessary adjustments and eliminations and the final consolidated values.
A business combination takes the form of either a statutory merger or a statutory consolidation. In a statutory merger, the acquiree (the target) dissolves and the acquirer (the parent) absorbs it. Because such a business Continue reading “Consolidation Worksheet 1. Consolidated worksheet adjusting entries Eliminating …”