Preferred dividendsare the dividends paid on preferred stock, although consolidated net income is unaffected by preferred dividends. The amount allocated to the controlling interest is affected because the income allocated to the non-controlling interest is deducted to calculate controlling interest. the S’s contribution to consolidated net income for 20X2.

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Answer 1

Question

Chapter 9, Problem 9.7E

a

To determine

Preferred dividendsare the dividends paid on preferred stock, although consolidated net income is unaffected by preferred dividends. The amount allocated to the controlling interest is affected because the income allocated to the non-controlling interest is deducted to calculate controlling interest.

the S’s contribution to consolidated net income for 20X2.

b

To determine

Preferred dividends are the dividends paid on preferred stock, although consolidated net income is unaffected by preferred dividends. The amount allocated to the controlling interest is affected because the income allocated to the non-controlling interest is deducted to calculate controlling interest.

the income assigned to non-controlling interest for 20X2.

c

To determine

Preferred dividends are the dividends paid on preferred stock, although consolidated net income is unaffected by preferred dividends. The amount allocated to the controlling interest is affected because the income allocated to the non-controlling interest is deducted to calculate controlling interest.

the portion of S’s retained earnings assigned to its preferred stock on January 1, 20X2.

d

To determine

Preferred dividends are the dividends paid on preferred stock, although consolidated net income is unaffected by preferred dividends. The amount allocated to the controlling interest is affected because the income allocated to the non-controlling interest is deducted to calculate controlling interest.

the computation of book value assigned to common shareholders on January 1, 20X2.

e

To determine

Preferred dividends are the dividends paid on preferred stock, although consolidated net income is unaffected by preferred dividends. The amount allocated to the controlling interest is affected because the income allocated to the non-controlling interest is deducted to calculate controlling interest.

the amount to be reported as non-controlling interest in the year January 1,20X2.

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Scarce resource; discontinued product lines; negative contribution marginThe officers of Bardwell Company are reviewing the profitability of the company’s four products and the potential effects of several proposals for varying the product mix. The following is an excerpt from the income statement and other data. Total Product P Product Q Product R Product S Sales $62,600 $10,000 $18,000 $12,600 $22,000 Cost of goods sold (44,274) (4,750) (7,056) (13,968) (18,500) Gross profit $18,326 $5,250 $10,944 $(1,368) $3,500 Operating expenses (12,004) (1,990) (2,968) (2,826) (4,220) Income before taxes 6,322 $3,260 $7,976 $(4,194) $(720) Units sold 1,000 1,200 1,800 2,000 Sales price per unit $10.00 $15.00 $7.00 $11.00 Variable cost of goods sold 2.50 3.00 6.50 6.00 Variable operating expenses 1.17 1.25 1.00 1.20 Each of the following proposals is to be considered independently of the other proposals. Consider only the product changes stated in each…

Analyzing one company's make or buy and special order proposals OneCo is a retail organization in the Northeast that sells upscale clothing. Each year, store managers (in consultation with their supervisors) establish financial goals; a monthly reporting system captures actual performance. OneCo Inc. produces a single product. Cost per unit, based on the manufacture and sale of 10,000 units per month at full capacity, is shown below. Product costs Direct materials $4.00 Direct labor 1.30 Variable overhead 2.50 Fixed overhead 3.40 Sales commission 0.90 $12.10 The $0.90 sales commission is paid for every unit sold through regular channels. Market demand is such that OneCo is operating at full capacity, and the firm has found it can sell all it can produce at the market price of $16.50. Currently, OneCo is considering two separate proposals: · Gatsby, Inc. has offered to buy 1,000 units at $14.35 each. Sales commission would be $0.35 on this special order. ·…

Answer 2

Question

Chapter 9, Problem 9.7E

a

To determine

Preferred dividendsare the dividends paid on preferred stock, although consolidated net income is unaffected by preferred dividends. The amount allocated to the controlling interest is affected because the income allocated to the non-controlling interest is deducted to calculate controlling interest.

the S’s contribution to consolidated net income for 20X2.

b

To determine

Preferred dividends are the dividends paid on preferred stock, although consolidated net income is unaffected by preferred dividends. The amount allocated to the controlling interest is affected because the income allocated to the non-controlling interest is deducted to calculate controlling interest.

the income assigned to non-controlling interest for 20X2.

c

To determine

Preferred dividends are the dividends paid on preferred stock, although consolidated net income is unaffected by preferred dividends. The amount allocated to the controlling interest is affected because the income allocated to the non-controlling interest is deducted to calculate controlling interest.

the portion of S’s retained earnings assigned to its preferred stock on January 1, 20X2.

d

To determine

Preferred dividends are the dividends paid on preferred stock, although consolidated net income is unaffected by preferred dividends. The amount allocated to the controlling interest is affected because the income allocated to the non-controlling interest is deducted to calculate controlling interest.

the computation of book value assigned to common shareholders on January 1, 20X2.

e

To determine

Preferred dividends are the dividends paid on preferred stock, although consolidated net income is unaffected by preferred dividends. The amount allocated to the controlling interest is affected because the income allocated to the non-controlling interest is deducted to calculate controlling interest.

the amount to be reported as non-controlling interest in the year January 1,20X2.

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Answer 3

Question

Chapter 9, Problem 9.7E

a

To determine

Preferred dividendsare the dividends paid on preferred stock, although consolidated net income is unaffected by preferred dividends. The amount allocated to the controlling interest is affected because the income allocated to the non-controlling interest is deducted to calculate controlling interest.

the S’s contribution to consolidated net income for 20X2.

b

To determine

Preferred dividends are the dividends paid on preferred stock, although consolidated net income is unaffected by preferred dividends. The amount allocated to the controlling interest is affected because the income allocated to the non-controlling interest is deducted to calculate controlling interest.

the income assigned to non-controlling interest for 20X2.

c

To determine

Preferred dividends are the dividends paid on preferred stock, although consolidated net income is unaffected by preferred dividends. The amount allocated to the controlling interest is affected because the income allocated to the non-controlling interest is deducted to calculate controlling interest.

the portion of S’s retained earnings assigned to its preferred stock on January 1, 20X2.

d

To determine

Preferred dividends are the dividends paid on preferred stock, although consolidated net income is unaffected by preferred dividends. The amount allocated to the controlling interest is affected because the income allocated to the non-controlling interest is deducted to calculate controlling interest.

the computation of book value assigned to common shareholders on January 1, 20X2.

e

To determine

Preferred dividends are the dividends paid on preferred stock, although consolidated net income is unaffected by preferred dividends. The amount allocated to the controlling interest is affected because the income allocated to the non-controlling interest is deducted to calculate controlling interest.

the amount to be reported as non-controlling interest in the year January 1,20X2.

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Answer 4

Question

Chapter 9, Problem 9.7E

a

To determine

Preferred dividendsare the dividends paid on preferred stock, although consolidated net income is unaffected by preferred dividends. The amount allocated to the controlling interest is affected because the income allocated to the non-controlling interest is deducted to calculate controlling interest.

the S’s contribution to consolidated net income for 20X2.

b

To determine

Preferred dividends are the dividends paid on preferred stock, although consolidated net income is unaffected by preferred dividends. The amount allocated to the controlling interest is affected because the income allocated to the non-controlling interest is deducted to calculate controlling interest.

the income assigned to non-controlling interest for 20X2.

c

To determine

Preferred dividends are the dividends paid on preferred stock, although consolidated net income is unaffected by preferred dividends. The amount allocated to the controlling interest is affected because the income allocated to the non-controlling interest is deducted to calculate controlling interest.

the portion of S’s retained earnings assigned to its preferred stock on January 1, 20X2.

d

To determine

Preferred dividends are the dividends paid on preferred stock, although consolidated net income is unaffected by preferred dividends. The amount allocated to the controlling interest is affected because the income allocated to the non-controlling interest is deducted to calculate controlling interest.

the computation of book value assigned to common shareholders on January 1, 20X2.

e

To determine

Preferred dividends are the dividends paid on preferred stock, although consolidated net income is unaffected by preferred dividends. The amount allocated to the controlling interest is affected because the income allocated to the non-controlling interest is deducted to calculate controlling interest.

the amount to be reported as non-controlling interest in the year January 1,20X2.

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Answer 5

Chapter 9, Problem 9.7E

a

To determine

Preferred dividendsare the dividends paid on preferred stock, although consolidated net income is unaffected by preferred dividends. The amount allocated to the controlling interest is affected because the income allocated to the non-controlling interest is deducted to calculate controlling interest.

the S’s contribution to consolidated net income for 20X2.

b

To determine

Preferred dividends are the dividends paid on preferred stock, although consolidated net income is unaffected by preferred dividends. The amount allocated to the controlling interest is affected because the income allocated to the non-controlling interest is deducted to calculate controlling interest.

the income assigned to non-controlling interest for 20X2.

c

To determine

Preferred dividends are the dividends paid on preferred stock, although consolidated net income is unaffected by preferred dividends. The amount allocated to the controlling interest is affected because the income allocated to the non-controlling interest is deducted to calculate controlling interest.

the portion of S’s retained earnings assigned to its preferred stock on January 1, 20X2.

d

To determine

Preferred dividends are the dividends paid on preferred stock, although consolidated net income is unaffected by preferred dividends. The amount allocated to the controlling interest is affected because the income allocated to the non-controlling interest is deducted to calculate controlling interest.

the computation of book value assigned to common shareholders on January 1, 20X2.

e

To determine

Preferred dividends are the dividends paid on preferred stock, although consolidated net income is unaffected by preferred dividends. The amount allocated to the controlling interest is affected because the income allocated to the non-controlling interest is deducted to calculate controlling interest.

the amount to be reported as non-controlling interest in the year January 1,20X2.

Answer 6

Chapter 9, Problem 9.7E

a

To determine

Preferred dividendsare the dividends paid on preferred stock, although consolidated net income is unaffected by preferred dividends. The amount allocated to the controlling interest is affected because the income allocated to the non-controlling interest is deducted to calculate controlling interest.

the S’s contribution to consolidated net income for 20X2.

Answer 7

Chapter 9, Problem 9.7E

a

To determine

Preferred dividendsare the dividends paid on preferred stock, although consolidated net income is unaffected by preferred dividends. The amount allocated to the controlling interest is affected because the income allocated to the non-controlling interest is deducted to calculate controlling interest.

the S’s contribution to consolidated net income for 20X2.

Answer 8

b

To determine

Preferred dividends are the dividends paid on preferred stock, although consolidated net income is unaffected by preferred dividends. The amount allocated to the controlling interest is affected because the income allocated to the non-controlling interest is deducted to calculate controlling interest.

the income assigned to non-controlling interest for 20X2.

Answer 9

b

To determine

Preferred dividends are the dividends paid on preferred stock, although consolidated net income is unaffected by preferred dividends. The amount allocated to the controlling interest is affected because the income allocated to the non-controlling interest is deducted to calculate controlling interest.

the income assigned to non-controlling interest for 20X2.

Answer 10

c

To determine

Preferred dividends are the dividends paid on preferred stock, although consolidated net income is unaffected by preferred dividends. The amount allocated to the controlling interest is affected because the income allocated to the non-controlling interest is deducted to calculate controlling interest.

the portion of S’s retained earnings assigned to its preferred stock on January 1, 20X2.

Answer 11

c

To determine

Preferred dividends are the dividends paid on preferred stock, although consolidated net income is unaffected by preferred dividends. The amount allocated to the controlling interest is affected because the income allocated to the non-controlling interest is deducted to calculate controlling interest.

the portion of S’s retained earnings assigned to its preferred stock on January 1, 20X2.

Answer 12

d

To determine

Preferred dividends are the dividends paid on preferred stock, although consolidated net income is unaffected by preferred dividends. The amount allocated to the controlling interest is affected because the income allocated to the non-controlling interest is deducted to calculate controlling interest.

the computation of book value assigned to common shareholders on January 1, 20X2.

Answer 13

d

To determine

Preferred dividends are the dividends paid on preferred stock, although consolidated net income is unaffected by preferred dividends. The amount allocated to the controlling interest is affected because the income allocated to the non-controlling interest is deducted to calculate controlling interest.

the computation of book value assigned to common shareholders on January 1, 20X2.

Answer 14

e

To determine

Preferred dividends are the dividends paid on preferred stock, although consolidated net income is unaffected by preferred dividends. The amount allocated to the controlling interest is affected because the income allocated to the non-controlling interest is deducted to calculate controlling interest.

the amount to be reported as non-controlling interest in the year January 1,20X2.

Answer 15

e

To determine

Preferred dividends are the dividends paid on preferred stock, although consolidated net income is unaffected by preferred dividends. The amount allocated to the controlling interest is affected because the income allocated to the non-controlling interest is deducted to calculate controlling interest.

the amount to be reported as non-controlling interest in the year January 1,20X2.

Answer 16

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Answer 17

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Answer 18

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Answer 19

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 explains that the effect of purchase of preferred stock is eliminated and no dividends are paid during the year and retained earnings become the part of Investment in S common stock.

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Chapter 9 Solutions