Find the amount reported as consolidated retained earnings on December 31, 2014 if the parent uses the equity method. Determine whether the amount of consolidated retained earnings change if the parent had applied either the initial value or partial equity method for internal accounting purposes.

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Answer 1

Question

Chapter 3, Problem 15P

a.

To determine

Find the amount reported as consolidated retained earnings on December 31, 2014 if the parent uses the equity method.

Determine whether the amount of consolidated retained earnings change if the parent had applied either the initial value or partial equity method for internal accounting purposes.

b.

To determine

Find the Investment in Company R’s account on Company H’s books on January 1, 2015 if:

The parent uses the equity method.

The parent uses the partial equity method.

The parent uses the initial value method

c.

To determine

Provide Entry *C on a 2015 consolidation worksheet:

The parent uses the equity method

The parent uses the partial equity method

The parent uses the initial value method

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Answer 2

Question

Chapter 3, Problem 15P

a.

To determine

Find the amount reported as consolidated retained earnings on December 31, 2014 if the parent uses the equity method.

Determine whether the amount of consolidated retained earnings change if the parent had applied either the initial value or partial equity method for internal accounting purposes.

b.

To determine

Find the Investment in Company R’s account on Company H’s books on January 1, 2015 if:

The parent uses the equity method.

The parent uses the partial equity method.

The parent uses the initial value method

c.

To determine

Provide Entry *C on a 2015 consolidation worksheet:

The parent uses the equity method

The parent uses the partial equity method

The parent uses the initial value method

Expert Solution & Answer

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Answer 3

Question

Chapter 3, Problem 15P

a.

To determine

Find the amount reported as consolidated retained earnings on December 31, 2014 if the parent uses the equity method.

Determine whether the amount of consolidated retained earnings change if the parent had applied either the initial value or partial equity method for internal accounting purposes.

b.

To determine

Find the Investment in Company R’s account on Company H’s books on January 1, 2015 if:

The parent uses the equity method.

The parent uses the partial equity method.

The parent uses the initial value method

c.

To determine

Provide Entry *C on a 2015 consolidation worksheet:

The parent uses the equity method

The parent uses the partial equity method

The parent uses the initial value method

Expert Solution & Answer

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See solution

Answer 4

Question

Chapter 3, Problem 15P

a.

To determine

Find the amount reported as consolidated retained earnings on December 31, 2014 if the parent uses the equity method.

Determine whether the amount of consolidated retained earnings change if the parent had applied either the initial value or partial equity method for internal accounting purposes.

b.

To determine

Find the Investment in Company R’s account on Company H’s books on January 1, 2015 if:

The parent uses the equity method.

The parent uses the partial equity method.

The parent uses the initial value method

c.

To determine

Provide Entry *C on a 2015 consolidation worksheet:

The parent uses the equity method

The parent uses the partial equity method

The parent uses the initial value method

Expert Solution & Answer

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Answer 5

Chapter 3, Problem 15P

a.

To determine

Find the amount reported as consolidated retained earnings on December 31, 2014 if the parent uses the equity method.

Determine whether the amount of consolidated retained earnings change if the parent had applied either the initial value or partial equity method for internal accounting purposes.

b.

To determine

Find the Investment in Company R’s account on Company H’s books on January 1, 2015 if:

The parent uses the equity method.

The parent uses the partial equity method.

The parent uses the initial value method

c.

To determine

Provide Entry *C on a 2015 consolidation worksheet:

The parent uses the equity method

The parent uses the partial equity method

The parent uses the initial value method

Answer 6

Chapter 3, Problem 15P

a.

To determine

Find the amount reported as consolidated retained earnings on December 31, 2014 if the parent uses the equity method.

Determine whether the amount of consolidated retained earnings change if the parent had applied either the initial value or partial equity method for internal accounting purposes.

Answer 7

Chapter 3, Problem 15P

a.

To determine

Find the amount reported as consolidated retained earnings on December 31, 2014 if the parent uses the equity method.

Determine whether the amount of consolidated retained earnings change if the parent had applied either the initial value or partial equity method for internal accounting purposes.

Answer 8

b.

To determine

Find the Investment in Company R’s account on Company H’s books on January 1, 2015 if:

The parent uses the equity method.

The parent uses the partial equity method.

The parent uses the initial value method

Answer 9

b.

To determine

Find the Investment in Company R’s account on Company H’s books on January 1, 2015 if:

The parent uses the equity method.

The parent uses the partial equity method.

The parent uses the initial value method

Answer 10

c.

To determine

Provide Entry *C on a 2015 consolidation worksheet:

The parent uses the equity method

The parent uses the partial equity method

The parent uses the initial value method

Answer 11

c.

To determine

Provide Entry *C on a 2015 consolidation worksheet:

The parent uses the equity method

The parent uses the partial equity method

The parent uses the initial value method

Answer 12

Expert Solution & Answer

Answer 13

Expert Solution & Answer

Answer 14

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Answer 15

Ch. 3 - Prob. 1Q Ch. 3 - Prob. 2Q Ch. 3 - Prob. 3Q Ch. 3 - Prob. 4Q Ch. 3 - When a parent company applies the initial value...Ch. 3 - Several years ago, Jenkins Company acquired a...Ch. 3 - Benns adopts the equity method for its 100 percent...Ch. 3 - Prob. 8Q Ch. 3 - Prob. 9Q Ch. 3 - Prob. 10Q

Find the amount reported as consolidated retained earnings on December 31, 2014 if the parent uses the equity method. Determine whether the amount of consolidated retained earnings change if the parent had applied either the initial value or partial equity method for internal accounting purposes.

Find the amount reported as consolidated retained earnings on December 31, 2014 if the parent uses the equity method. Determine whether the amount of consolidated retained earnings change if the parent had applied either the initial value or partial equity method for internal accounting purposes.

Find the Investment in Company R’s account on Company H’s books on January 1, 2015 if: The parent uses the equity method. The parent uses the partial equity method. The parent uses the initial value method

Provide Entry *C on a 2015 consolidation worksheet: The parent uses the equity method The parent uses the partial equity method The parent uses the initial value method

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Chapter 3 Solutions

Find the amount reported as consolidated retained earnings on December 31, 2014 if the parent uses the equity method.

Determine whether the amount of consolidated retained earnings change if the parent had applied either the initial value or partial equity method for internal accounting purposes.

Find the Investment in Company R’s account on Company H’s books on January 1, 2015 if:

The parent uses the equity method.

The parent uses the partial equity method.

The parent uses the initial value method

Provide Entry *C on a 2015 consolidation worksheet:

The parent uses the equity method

The parent uses the partial equity method

The parent uses the initial value method