Question: Based on the partially shown spreadsheet attached please answer the... Based on the partially shown spreadsheet attached please answer the following questions: 1 - what

Based on the partially shown spreadsheet attached please answer the...

Based on the partially shown spreadsheet attached please answer the following questions:

1 - what is the percentage ownership that Padre has of Sierra?

2 - On the books of Padre , what was the amount of the Investment in Sierra?

3 - What accounting method did Padre use for the Investment in Sierra on their internal books?

4 - What was the net amortization adjustment in the Consolidation entries? This is the net E entry adjustment to income that i am looking for. 5 - Assuming Goodwill existed at the date of acquisition, why don't we see it on this consolidated worksheet?

show your work.

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