On 1/1/xx, Company A purchases 100% of Company B for $100,000 cash. On 12/31/xx, Company B realizes profit of $20,000 and pays dividends of $5,000.
Using the ACT470_Mod01-Option01.xlsx Excel spreadsheet in the Module 1 folder, you are to:
Prepare all required entries for Company A associated with the above activities utilizing the equity method.
Determine the balance in Company A’s investment account at the end of the year. Highlight the 12/31/xx balance in yellow.
Clearly identify the requirements being addressed.
Show all calculations within the cells of an Excel spreadsheet. This means that you must use formulas and links so that the thought process can be examined.
Populating a result, without showing the supporting calculation, will not be sufficient.
Make good use of comments to convey your thought process as well.
No hard coding of solutions.
Submit a single MS Excel file for grading.
Review the grading rubric following this assignment, to understand how you will be graded on this assignment. Reach out to your instructor if you have
questions about the assignment.
For German university 6-8 weeks are allocated for the internship program at the company or institution that chosen by the students. Consequently, I have chosen Weatherford Company to complete the training program during the time period 6th of August 2017 until the 14th of September 2017 in Weatherford laboratory department located in Ghala Industrial in Oman. Hence, this report provides information about summer internship. The report mainly discusses multi topics related to the summer internship and the main object of this internship. Moreover the activities that the student gets a chance to participate during the internship period. Nevertheless, we also look at the company description which talk about the company location, background and the services that provide by the company. This report will also talk about the goals achieved by the student during the training period and knowledge that the student gets from this experience. Company profile Company background Weatherford is an international oil and gas service company which was established in 1987. The company operates in 100 states and employ over 52,000 people around the world. The company main office in Oman is located in Al Azaibah, Weatherford also has other branches around Oman in different regions for example Nizwa, and Gahla. 3. Weatherford’s mission is to be one of the preferred and best companies in a wide range of oilfield services and products as well as technologies that help the customers produce oil more efficiently and conveniently. By providing all the important and useful requirement that the client need for long and short term. Moreover, operators always seek for new techniques to extend the economic lives of the reservoir also a safe way to solve various challenges connected to aging well, where Weatherford Company offers all the Innovative technology and high quality services to confront these challenges. Weatherford Provides different services in drilling and formation evaluation, well construction, completion and stimulation, also production. To begin with drilling services and formation evaluation, which contain different categories, for example laboratory services, reservoir solutions, surface logging system, and wireline services. Having considered the services provided by the company, it is also reasonable to look at the different categories and their definitions, start with the first category laboratory services. Weatherford laboratories deliver a set of basic core analysis services with a whole necessity test required to help the costumer more in improving reservoir estimates, recover their reservoir forming, also identify and correct any damage to the formation of the reservoir. Moreover the advanced tests provided by the Weatherford labs are particularly designed to evaluate different properties such as Petrophysics, Fluid Flow Properties, Rock Mechanics, Enhanced Oil Recovery, and others. The second category is about reservoir solutions, this category generally discuss about the oilfield challenges and the solution that the company offer to the clients for several difficulties that the operators faced. Coming to third category surface logging system, is mostly talking about the extraction of fluids from the underground and determining the amount of sufficient gases present in the reservoir by means of specific measurements and Techniques. Inadequate fluid extraction or using unsuitable devices can cause an error in the measurements also reduce the accuracy of the analysis. Nevertheless, Weatherford Company also offers to the operator’s wireline services, the wireline services include all the advance and important information about the well. Likewise wireline fulfil all the client needs with unequalled flexibility and with integrated strategic wireline technologies, tools, and systems.>GET ANSWER