acc470 Advanced   accounting                                                                     Assignment   Option #1: Acquisitions with Ownership = 100% and BV = FMV                                                                 Using the   data in the Option 1 Spreadsheet   (linked at the bottom of the page), perform the accounting required for the   acquisition of Little, Inc. by Big, Inc. This is a 100% acquisition where the   book value of the assets acquired equals the acquisition price. Within the   worksheet, you are to:                                             1.   Select an accounting method (either cost or equity) and explain why you   selected this method                           2.   Perform the required journal entries                                 3.   Complete the consolidation worksheet                                4.   Prepare the consolidated balance sheet in good form                                                                   Requirements:                                                                       Complete   all work on the spreadsheet attached to this assignment; it will be your only   deliverable.                                                               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. 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 to understand how you will be graded on this assignment. Reach   out to your instructor if you have questions about the assignment