Purchase of additional shares from non-affiliate: a parent company may purchase the common stock of a subsidiary at different points in time. Once control is achieved, the entire investment is valued based on fair values at the date control achieved. A subsidiary can change the parent’s ownership percentage by selling additional shares to or repurchasing shares from non-affiliates or through stock transactions with parent. The computation of balance in P’s investment in S products company stock on December 31, 20X8.

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Answer 1

Question

Chapter 9, Problem 9.14E

To determine

Purchase of additional shares from non-affiliate:a parent company may purchase the common stock of a subsidiary at different points in time. Once control is achieved, the entire investment is valued based on fair values at the date control achieved. A subsidiary can change the parent’s ownership percentage by selling additional shares to or repurchasing shares from non-affiliates or through stock transactions with parent.

The computation of balance in P’s investment in S products company stock on December 31, 20X8.

To determine

Purchase of additional shares from non-affiliate: a parent company may purchase the common stock of a subsidiary at different points in time. Once control is achieved, the entire investment is valued based on fair values at the date control achieved. A subsidiary can change the parent’s ownership percentage by selling additional shares to or repurchasing shares from non-affiliates or through stock transactions with parent.

The computation of balance in P’s investment in S products company stock on December 31, 20X9.

To determine

Purchase of additional shares from non-affiliate: a parent company may purchase the common stock of a subsidiary at different points in time. Once control is achieved, the entire investment is valued based on fair values at the date control achieved. A subsidiary can change the parent’s ownership percentage by selling additional shares to or repurchasing shares from non-affiliates or through stock transactions with parent.

The consolidation entries needed for December 31, 20X9.

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Cypher Tech Solutions uses a job costing system and has a predetermined overhead rate of $28 per direct labor hour. This is based on estimated overhead of $30,800 and 1,100 estimated direct labor hours. In addition, Selling, General, and Administrative (SG&A) costs for the period totaled $142,000. Total units produced during the period were 1,400,000. Job #204 incurred direct material costs of $85 and four direct labor hours costing $76 per hour. What is the total cost of Job #204?

Calculate the cost of goods sold

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Answer 2

Question

Chapter 9, Problem 9.14E

To determine

Purchase of additional shares from non-affiliate:a parent company may purchase the common stock of a subsidiary at different points in time. Once control is achieved, the entire investment is valued based on fair values at the date control achieved. A subsidiary can change the parent’s ownership percentage by selling additional shares to or repurchasing shares from non-affiliates or through stock transactions with parent.

The computation of balance in P’s investment in S products company stock on December 31, 20X8.

To determine

Purchase of additional shares from non-affiliate: a parent company may purchase the common stock of a subsidiary at different points in time. Once control is achieved, the entire investment is valued based on fair values at the date control achieved. A subsidiary can change the parent’s ownership percentage by selling additional shares to or repurchasing shares from non-affiliates or through stock transactions with parent.

The computation of balance in P’s investment in S products company stock on December 31, 20X9.

To determine

Purchase of additional shares from non-affiliate: a parent company may purchase the common stock of a subsidiary at different points in time. Once control is achieved, the entire investment is valued based on fair values at the date control achieved. A subsidiary can change the parent’s ownership percentage by selling additional shares to or repurchasing shares from non-affiliates or through stock transactions with parent.

The consolidation entries needed for December 31, 20X9.

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Answer 3

Question

Chapter 9, Problem 9.14E

To determine

Purchase of additional shares from non-affiliate:a parent company may purchase the common stock of a subsidiary at different points in time. Once control is achieved, the entire investment is valued based on fair values at the date control achieved. A subsidiary can change the parent’s ownership percentage by selling additional shares to or repurchasing shares from non-affiliates or through stock transactions with parent.

The computation of balance in P’s investment in S products company stock on December 31, 20X8.

To determine

Purchase of additional shares from non-affiliate: a parent company may purchase the common stock of a subsidiary at different points in time. Once control is achieved, the entire investment is valued based on fair values at the date control achieved. A subsidiary can change the parent’s ownership percentage by selling additional shares to or repurchasing shares from non-affiliates or through stock transactions with parent.

The computation of balance in P’s investment in S products company stock on December 31, 20X9.

To determine

Purchase of additional shares from non-affiliate: a parent company may purchase the common stock of a subsidiary at different points in time. Once control is achieved, the entire investment is valued based on fair values at the date control achieved. A subsidiary can change the parent’s ownership percentage by selling additional shares to or repurchasing shares from non-affiliates or through stock transactions with parent.

The consolidation entries needed for December 31, 20X9.

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Answer 4

Question

Chapter 9, Problem 9.14E

To determine

Purchase of additional shares from non-affiliate:a parent company may purchase the common stock of a subsidiary at different points in time. Once control is achieved, the entire investment is valued based on fair values at the date control achieved. A subsidiary can change the parent’s ownership percentage by selling additional shares to or repurchasing shares from non-affiliates or through stock transactions with parent.

The computation of balance in P’s investment in S products company stock on December 31, 20X8.

To determine

Purchase of additional shares from non-affiliate: a parent company may purchase the common stock of a subsidiary at different points in time. Once control is achieved, the entire investment is valued based on fair values at the date control achieved. A subsidiary can change the parent’s ownership percentage by selling additional shares to or repurchasing shares from non-affiliates or through stock transactions with parent.

The computation of balance in P’s investment in S products company stock on December 31, 20X9.

To determine

Purchase of additional shares from non-affiliate: a parent company may purchase the common stock of a subsidiary at different points in time. Once control is achieved, the entire investment is valued based on fair values at the date control achieved. A subsidiary can change the parent’s ownership percentage by selling additional shares to or repurchasing shares from non-affiliates or through stock transactions with parent.

The consolidation entries needed for December 31, 20X9.

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Answer 5

Chapter 9, Problem 9.14E

To determine

Purchase of additional shares from non-affiliate:a parent company may purchase the common stock of a subsidiary at different points in time. Once control is achieved, the entire investment is valued based on fair values at the date control achieved. A subsidiary can change the parent’s ownership percentage by selling additional shares to or repurchasing shares from non-affiliates or through stock transactions with parent.

The computation of balance in P’s investment in S products company stock on December 31, 20X8.

To determine

Purchase of additional shares from non-affiliate: a parent company may purchase the common stock of a subsidiary at different points in time. Once control is achieved, the entire investment is valued based on fair values at the date control achieved. A subsidiary can change the parent’s ownership percentage by selling additional shares to or repurchasing shares from non-affiliates or through stock transactions with parent.

The computation of balance in P’s investment in S products company stock on December 31, 20X9.

To determine

Purchase of additional shares from non-affiliate: a parent company may purchase the common stock of a subsidiary at different points in time. Once control is achieved, the entire investment is valued based on fair values at the date control achieved. A subsidiary can change the parent’s ownership percentage by selling additional shares to or repurchasing shares from non-affiliates or through stock transactions with parent.

The consolidation entries needed for December 31, 20X9.

Answer 6

Chapter 9, Problem 9.14E

To determine

Purchase of additional shares from non-affiliate:a parent company may purchase the common stock of a subsidiary at different points in time. Once control is achieved, the entire investment is valued based on fair values at the date control achieved. A subsidiary can change the parent’s ownership percentage by selling additional shares to or repurchasing shares from non-affiliates or through stock transactions with parent.

The computation of balance in P’s investment in S products company stock on December 31, 20X8.

Answer 7

Chapter 9, Problem 9.14E

To determine

Purchase of additional shares from non-affiliate:a parent company may purchase the common stock of a subsidiary at different points in time. Once control is achieved, the entire investment is valued based on fair values at the date control achieved. A subsidiary can change the parent’s ownership percentage by selling additional shares to or repurchasing shares from non-affiliates or through stock transactions with parent.

The computation of balance in P’s investment in S products company stock on December 31, 20X8.

Answer 8

To determine

Purchase of additional shares from non-affiliate: a parent company may purchase the common stock of a subsidiary at different points in time. Once control is achieved, the entire investment is valued based on fair values at the date control achieved. A subsidiary can change the parent’s ownership percentage by selling additional shares to or repurchasing shares from non-affiliates or through stock transactions with parent.

The computation of balance in P’s investment in S products company stock on December 31, 20X9.

Answer 9

To determine

Purchase of additional shares from non-affiliate: a parent company may purchase the common stock of a subsidiary at different points in time. Once control is achieved, the entire investment is valued based on fair values at the date control achieved. A subsidiary can change the parent’s ownership percentage by selling additional shares to or repurchasing shares from non-affiliates or through stock transactions with parent.

The computation of balance in P’s investment in S products company stock on December 31, 20X9.

Answer 10

To determine

Purchase of additional shares from non-affiliate: a parent company may purchase the common stock of a subsidiary at different points in time. Once control is achieved, the entire investment is valued based on fair values at the date control achieved. A subsidiary can change the parent’s ownership percentage by selling additional shares to or repurchasing shares from non-affiliates or through stock transactions with parent.

The consolidation entries needed for December 31, 20X9.

Answer 11

To determine

Purchase of additional shares from non-affiliate: a parent company may purchase the common stock of a subsidiary at different points in time. Once control is achieved, the entire investment is valued based on fair values at the date control achieved. A subsidiary can change the parent’s ownership percentage by selling additional shares to or repurchasing shares from non-affiliates or through stock transactions with parent.

The consolidation entries needed for December 31, 20X9.

Answer 12

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Answer 13

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Answer 14

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Answer 15

Ch. 9 - Prob. 9.1Q Ch. 9 - Prob. 9.2Q Ch. 9 - Prob. 9.3Q Ch. 9 - Prob. 9.4Q Ch. 9 - Prob. 9.5Q Ch. 9 - Prob. 9.6Q Ch. 9 - Prob. 9.7Q Ch. 9 - Prob. 9.8Q Ch. 9 - Prob. 9.9Q Ch. 9 - Prob. 9.10Q

Solution Summary: The author analyzes the calculation of balance in P's investment in S products company stock on December 31, 20X8.

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Chapter 9 Solutions