Calculate the difference between implied and book values and allocate to the subsidiary's assets and liabilities.
Describe FASB's position on accounting for bargain acquisitions.
Explain how goodwill is measured at the time of the acquisition.
Describe how the allocation process differs if less than 100% of the subsidiary is acquired.
Record the entries needed on the parent's books to account for the investment under the three methods: the cost, the partial equity, and the complete equity methods.
Prepare workpapers for the year of acquisition and the year(s) subsequent to the acquisition, assuming that the parent accounts for the investment alternatively using the cost, the partial equity, ...