Using the data given in Problem 2-6, assume that Aron Company purchases 80% of the common stock of Shield Company for $320,000 cash.The following comparative balance sheets are prepared for the two...

Using the data given in Problem 2-6, assume that Aron Company purchases 80% of the common stock of Shield Company for $320,000 cash. The following comparative balance sheets are prepared for the two companies immediately after the purchase: Required 1. Prepare the value analysis and the determination and distribution of excess schedule for the investment in Shield Company. 2. Complete a consolidated worksheet for Aron Company and its subsidiary Shield Company as of December 31, 2015. View Solution:

Using the data given in Problem 2 6 assume that Aron