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The objective for this paper is to explain what I have learned about from our class discussion, learning activities, and our readings of Chapter 6 in our text, Advanced Accounting. It will show my personal understanding through analyzing and explaining in my own words, and sited sources, my analysis of the concepts that we have learned. In this assignment, we were to use what you have learned in this course and from prior financial accounting courses to calculate earnings per share for a consolidated firm. The guidelines for this assignment are as follows:
Complete Problem 6-4 on page 366 of Advanced Accounting to calculate basic and diluted consolidated earnings per share.
Complete Problem 6-6 on page 367 of Advanced Accounting to prepare a consolidated worksheet for taxation, simple equity, inventory, and land.