INTERMEDIATE ACCOUNTING-MYLAB W/ETEXT
3rd Edition
ISBN: 9780136946601
Author: GORDON
Publisher: PEARSON
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Question
Chapter 16, Problem 16.15E
a.
To determine
To prepare: The journal entries to record the acquisition of the investment in KS.
b.
To determine
To prepare: The journal entry to record the receipt of the cash dividends.
c.
To determine
To prepare: The journal entries required to adjust the investment balance to fair value.
d.
To determine
To prepare: An analysis statement comparing the pre-tax income and
e.
To determine
To prepare: An analysis statement comparing the pre-tax income and cash flows related to the investment under the equity method and the fair value method, with an assuming that Douglas sold the investment for $5,000 000 on January 1 of the year after acquisition.
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options for a:
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first slot is yes or no
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On January 1,2021 Hubalde Company purchased training equity investments which are irrevocably designated at FVPL:
1. Determine the unrealized gain/loss on december 31,2021?
2. Determine the net gain/loss reported on the income statement on december 31,2021?
3. What are the related journal entries?
4. Assuming, the entity irrevocably designated it ay FVOCI, How much is the unrealized gain/loss- FVOCI on December 31,2021?
5. Assuming, the entity irrevocably designated it ay FVOCI, How much is the unrealized gain/loss reported on the income statement on December 31,2021?
6. Assuming the entity irrevocably designated it at FVOCI, What are the related journal entries?
odwill to be amortized periodically for 20 years. G. Goodwill to be amortized for 40 years
D. Expenses immediately.
B. Goodwill not subject to amortization but subject to impairment.
3. Two methods of arranging business combinations:
C. Acquisition and uniting of interest
D. Merger and acquisition of stocks
A/ Merger and consolidation
B. Consolidation and Acquisition of stocks
. The cost of registering equity securities in a business combination should be recorded as:
A. An income of the period
B. An expense of the period
C. Deduction from additional paid-in capital
D. Part of the cost of the stock acquired
5. In acquisition-type combination, the appropriate accounting for the excess of fair values of net assets acquired
er the price paid is to:
A. Recognize as income in the books of the acquirer
B. Recognize as additional paid-in capital in the books of the acquirer
blbe C. Reduce proportionately current fair values assigned to the acquiree's non-current assets any
remaining excess as…
Chapter 16 Solutions
INTERMEDIATE ACCOUNTING-MYLAB W/ETEXT
Ch. 16 - Prob. 16.1QCh. 16 - Is reporting an investment at its cost considered...Ch. 16 - Prob. 16.3QCh. 16 - Prob. 16.4QCh. 16 - Prob. 16.5QCh. 16 - Prob. 16.6QCh. 16 - What categories can managers use to classify...Ch. 16 - When is the equity method of accounting for...Ch. 16 - Prob. 16.9QCh. 16 - Can companies apply the fair value option to all...
Ch. 16 - What is the fair value hierarchy for investment...Ch. 16 - Prob. 16.12QCh. 16 - Prob. 16.13QCh. 16 - Prob. 16.14QCh. 16 - Prob. 16.15QCh. 16 - Prob. 16.16QCh. 16 - Prob. 16.17QCh. 16 - Deutsch Imports has three securities in its...Ch. 16 - Prob. 16.2MCCh. 16 - Prob. 16.3MCCh. 16 - Prob. 16.4MCCh. 16 - Prob. 16.5MCCh. 16 - Prob. 16.6MCCh. 16 - Prob. 16.7MCCh. 16 - Prob. 16.1BECh. 16 - Prob. 16.2BECh. 16 - Debt Investments, Trading. Using the information...Ch. 16 - Prob. 16.4BECh. 16 - Prob. 16.5BECh. 16 - Prob. 16.6BECh. 16 - Prob. 16.7BECh. 16 - Prob. 16.8BECh. 16 - Prob. 16.9BECh. 16 - Prob. 16.10BECh. 16 - Prob. 16.11BECh. 16 - Prob. 16.12BECh. 16 - Prob. 16.13BECh. 16 - Notes Receivable. Aaron Anatole accepted a...Ch. 16 - Prob. 16.15BECh. 16 - Prob. 16.16BECh. 16 - Prob. 16.17BECh. 16 - Debt Investments. Impairments. IFRS. For each debt...Ch. 16 - Prob. 16.19BECh. 16 - Prob. 16.1ECh. 16 - Prob. 16.2ECh. 16 - Prob. 16.3ECh. 16 - Prob. 16.4ECh. 16 - Prob. 16.5ECh. 16 - Prob. 16.6ECh. 16 - Prob. 16.7ECh. 16 - Debt and Equity Investments, Available-for-Sale...Ch. 16 - Prob. 16.9ECh. 16 - Equity Investments without a Readily Determinable...Ch. 16 - Prob. 16.11ECh. 16 - Prob. 16.12ECh. 16 - Prob. 16.13ECh. 16 - Equity-Investments, Equity Method. Book Value of...Ch. 16 - Prob. 16.15ECh. 16 - Prob. 16.16ECh. 16 - Notes Receivable. Each of the following three...Ch. 16 - Prob. 16.18ECh. 16 - Prob. 16.19ECh. 16 - Prob. 16.20ECh. 16 - Prob. 16.21ECh. 16 - Prob. 16.22ECh. 16 - Prob. 16.23ECh. 16 - Prob. 16.24ECh. 16 - Prob. 16.25ECh. 16 - Prob. 16.1PCh. 16 - Debt Investments, Trading. Freder Software Group...Ch. 16 - Prob. 16.3PCh. 16 - Equity Investments, Readily Determinable Fair...Ch. 16 - Prob. 16.5PCh. 16 - Prob. 16.6PCh. 16 - Prob. 16.7PCh. 16 - Prob. 16.8PCh. 16 - Prob. 16.9PCh. 16 - Prob. 16.10PCh. 16 - Prob. 16.11PCh. 16 - Equity Investments, Equity Method, Fair Value...Ch. 16 - Prob. 16.13PCh. 16 - Prob. 16.14PCh. 16 - Prob. 16.15PCh. 16 - Prob. 16.16PCh. 16 - Prob. 16.17PCh. 16 - Prob. 16.18PCh. 16 - Prob. 16.19PCh. 16 - Prob. 1JCCh. 16 - Prob. 2JCCh. 16 - Prob. 1SSCCh. 16 - Prob. 1BCCCh. 16 - Prob. 2BCC
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