Adjust Schedule 3 for Acquisition values Because the project uses a situation you may encounter in practice, the reported results of New C include any adjustments for the acquisition. Remember that the accounting department of Ne acquisition never occurred until new values are established. In practice, this is often a number appropriate accounting. S. Using only the Balance Sheet Amounts in Schedule 3, calculate new balances by using adding/subtracting to Schedule 3 amounts. Only the Cash Account through Retained Earnings are required to be adjusted