Prepare consolidated income statement three years after acquisition Comparative income statements of Pek Corporation and Slo Corporation for the year ended December 31, 2013, are as follows (in thousands) Slo Pek $2,000 $6,400 522 Sales Income from Slo Total revenue Less: Cost of goods sold Operating expenses Total expenses Net income 2,000 800 600 1,400 6,922 3,600 1,600 5,200 $1,722 $ 600 s0 Cs ni teams moin
b ADDITIONAL INFORMATION 1. Slo is a 90 percent-owned subsidiary of Pek, acquired by Pek for $3,240,000 on Slo's stockholders' equity at book value was $2,800,000 2. The excess of the cost of Pek's investment in Slo over book value acquired was allocated $120,000 to undervalued inventories that were sold in 2011, $80,000 to undervalued equipment with a four-year remaining useful life, and the remainder to goodwill. January 1, 2011, when REQUIRED: Prepare a consolidated income statement for Pek Corporation and Subsidiary for the year ended December 31, 2013. Get Accounting homework help today
Our customer is the center of what we do and thus we offer 100% original essays..
By ordering our essays, you are guaranteed the best quality through our qualified experts.All your information and everything that you do on our website is kept completely confidential.
Academicwritingcompany.com always strives to give you the best of its services. As a custom essay writing service, we are 100% sure of our services. That is why we ensure that our guarantee of money-back stands, alwaysRead more
The paper that you order at academicwritingcompany.com is 100% original. We ensure that regardless of the position you are, be it with urgent deadlines or hard essays, we give you a paper that is free of plagiarism. We even check our orders with the most advanced anti-plagiarism software in the industry.Read more
The Academicwritingcompany.com thrives on excellence and thus we help ensure the Customer’s total satisfaction with the completed Order.To do so, we provide a Free Revision policy as a courtesy service. To receive free revision the Academic writing Company requires that the you provide the request within Fifteen (14) days since the completion date and within a period of thirty (30) days for dissertations and research papers.Read more
With Academicwritingcompan.com, your privacy is the most important aspect. First, the academic writing company will never resell your personal information, which include credit cards, to any third party. Not even your lecturer on institution will know that you bought an essay from our academic writing company.Read more
The academic writing company writers know that following essay instructions is the most important part of academic writing. The expert writers will, therefore, work extra hard to ensure that they cooperate with all the requirements without fail. We also count on you to help us provide a better academic paper.Read more