Assignment Option #1: Acquisitions with Ownership = 100% and BV = FMVUsing the data in the attached spreadsheet, perform the accounting required for the acquisition of Little, Inc. by Big, Inc. This is a 100% acquisition where the book value of the assets acquired equals the acquisition price. Within the worksheet, you are to:Select an accounting method (either cost or equity) and explain why you selected this methodPerform the required journal entriesComplete the consolidation worksheetPrepare the consolidated balance sheet in good formRequirements:Complete all work on the spreadsheet attached to this assignment; it will be your only deliverable.Clearly identify the requirements being addressed. Show all calculations within the cells of an Excel spreadsheet. This means that you must use formulas and links so that the thought process can be examined. Make good use of comments to convey your thought process as well. No hard coding of solutions. Submit a single MS Excel file for grading.Review the grading rubric, which can be accessed from the Course Information page, to understand how you will be graded on this assignment. Reach out to your instructor if you have questions about the assignment.
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