ADVANCED FINANCIAL ACCOUNTING-ACCESS
12th Edition
ISBN: 9781260518740
Author: Christensen
Publisher: MCG
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Chapter 4, Problem 4.37AP
a
To determine
Introduction: Revaluation of assets and liabilities directly on its books is referred to as push down accounting, when a revaluation of assets and liabilities takes place directly on the books of a subsidiary, there will be no differential, when revaluation takes place outside, the allocation of the differential is done in consolidation worksheet.
The entry required to record the acquisition of S on P’s books on December 31, 20X6.
b
To determine
Introduction: Revaluation of assets and liabilities directly on its books is referred to as push down accounting, when a revaluation of assets and liabilities takes place directly on the books of a subsidiary, there will be no differential, when revaluation takes place outside, the allocation of the differential is done in consolidation worksheet.
The entries recorded in books of S on December 31, 20X6 related to business combination if push down accounting is applied
c
To determine
Introduction: Revaluation of assets and liabilities directly on its books is referred to as push down accounting, when a revaluation of assets and liabilities takes place directly on the books of a subsidiary, there will be no differential, when revaluation takes place outside, the allocation of the differential is done in consolidation worksheet.
The entries that P would record during immediately after combination
d
To determine
Introduction: Revaluation of assets and liabilities directly on its books is referred to as push down accounting, when a revaluation of assets and liabilities takes place directly on the books of a subsidiary, there will be no differential, when revaluation takes place outside, the allocation of the differential is done in consolidation worksheet.
The entries recorded by P during 20X7 related to investment in S using equity method.
e
To determine
Introduction: Revaluation of assets and liabilities directly on its books is referred to as push down accounting, when a revaluation of assets and liabilities takes place directly on the books of a subsidiary, there will be no differential, when revaluation takes place outside, the allocation of the differential is done in consolidation worksheet.
The elimination entries recorded in 20X7 for full set of books
f
To determine
Introduction: Revaluation of assets and liabilities directly on its books is referred to as push down accounting, when a revaluation of assets and liabilities takes place directly on the books of a subsidiary, there will be no differential, when revaluation takes place outside, the allocation of the differential is done in consolidation worksheet.
The consolidation entries recorded 20X8
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Chapter 4 Solutions
ADVANCED FINANCIAL ACCOUNTING-ACCESS
Ch. 4 - When is the carrying value of the investment...Ch. 4 - What is a differential? How is a differential...Ch. 4 - Prob. 4.3QCh. 4 - Prob. 4.4QCh. 4 - Prob. 4.5QCh. 4 - Prob. 4.6QCh. 4 - Prob. 4.7QCh. 4 - Prob. 4.8QCh. 4 - Prob. 4.9QCh. 4 - Prob. 4.10Q
Ch. 4 - Prob. 4.11QCh. 4 - What determines whether the balance assigned to...Ch. 4 - What does the termpushdown accountingmean?Ch. 4 - Under what conditions is push-down accounting...Ch. 4 - Prob. 4.15QCh. 4 - Prob. 4.2CCh. 4 - Prob. 4.3CCh. 4 - Prob. 4.4CCh. 4 - Prob. 4.1ECh. 4 - Prob. 4.2ECh. 4 - Prob. 4.3ECh. 4 - Prob. 4.4ECh. 4 - Prob. 4.5ECh. 4 - Prob. 4.6ECh. 4 - Prob. 4.7ECh. 4 - Prob. 4.8ECh. 4 - Prob. 4.9ECh. 4 - Prob. 4.10.1ECh. 4 - Prob. 4.10.2ECh. 4 - Prob. 4.10.3ECh. 4 - Prob. 4.10.4ECh. 4 - Prob. 4.10.5ECh. 4 - Prob. 4.11.1ECh. 4 - Prob. 4.11.2ECh. 4 - Prob. 4.11.3ECh. 4 - Prob. 4.11.4ECh. 4 - Prob. 4.12ECh. 4 - Prob. 4.13ECh. 4 - Prob. 4.14ECh. 4 - Prob. 4.15ECh. 4 - Prob. 4.16ECh. 4 - Prob. 4.17ECh. 4 - Prob. 4.18.1ECh. 4 - Prob. 4.18.2ECh. 4 - Prob. 4.18.3ECh. 4 - Prob. 4.18.4ECh. 4 - Prob. 4.18.5ECh. 4 - Prob. 4.18.6ECh. 4 - Prob. 4.19ECh. 4 - Prob. 4.20ECh. 4 - Prob. 4.21ECh. 4 - Prob. 4.22ECh. 4 - Prob. 4.23ECh. 4 - Prob. 4.24AECh. 4 - Prob. 4.25PCh. 4 - Prob. 4.26PCh. 4 - Prob. 4.27PCh. 4 - Consolidated Balance Sheet Powder Company spent...Ch. 4 - Prob. 4.29PCh. 4 - Prob. 4.30PCh. 4 - Prob. 4.31PCh. 4 - Prob. 4.32PCh. 4 - Prob. 4.33PCh. 4 - Prob. 4.34PCh. 4 - Prob. 4.35PCh. 4 - Prob. 4.36PCh. 4 - Prob. 4.37AP
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