The following case involving office Depot requires the use of internet tesearth skills. ASC Codification research skills, excel spreadsheet skills as well as the basic rules of consolidations on an actual merger Office of Depot and Office Max in 2013.

Required

1, Using the internet, find the appropriate info on the merger and answer the following items:

a. What was the motivating reason for the merger ( one paragraph or less)

b. What type of merger was it (Stock, Asset Acquisition)

c. What Percentage ownership did Office Depot Acquire

d. What was the date of the merger

e. What was the purchase price?

f. What were the financial terms of the purchase (E.G. Cash, # of Shares, Share price at Acquisition etc.}

2. Using the Internet, obtain the 2012 i 'victual financial statements for both Office Max and Office depot and the 2013 Office depot combined Financial Statements, prepare a side by side worksheet analysis showing an Income Statement and Balance Sheet column for each of the following

a. Office Max 2012 b. Office Depot 2012

c. Office Depot 2012 (Proforma, as if they were combined for the whole year)

d, Office Depot 2013 (Combined Statement)

Using the ASC codification website, answer the following questions

a. What is the purpose of Consolidated Financial Statements

b. The use of the Equity Method of Accounting for investments is predicated on the ability to exert "Significant" influence over the subsidiary, How does GAAP define significant influence?