Use the Internet to research two (2) publically traded U.S. companies, and download their financial statements. Assume you are the CEO of a major corporation. You are responsible for expanding the corporation through the acquisition of another company. Assume that the acquisition involved $15 million in goodwill.
Write 3 pages of paper:
1. Provide an explanation for the business combination method you
selected in expanding the corporation by acquiring another firm, your
reason for selecting that business combination method, and how the
purchase will grow the business. Identify at least five (5) possible
synergies that could occur as a result of the proposed acquisition.
2. Analyze the accounting requirements for the business combination
method you selected. Prepare consolidated financial statements for the
date of acquisition.