Value Analysis Schedule compare the fair value of net assets of the firm and the price paid for it which is further utilized to determine Goodwill or Gain on Acquisition. Determination and Distribution of Excess Schedule compare the book value and fair value of all the subsidiary. It also shows the adjustments made in each subsidiary account. To prepare: Value Analysis as well as Determination and distribution of excess schedule.

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Chapter 2, Problem 2.3.2P

To determine

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Value Analysis Schedule compare the fair value of net assets of the firm and the price paid for it which is further utilized to determine Goodwill or Gain on Acquisition.

Determination and Distribution of Excess Schedule compare the book value and fair value of all the subsidiary. It also shows the adjustments made in each subsidiary account.

To prepare: Value Analysis as well as Determination and distribution of excess schedule.

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