Final Exam Solution 07

Final Exam Solution 07 - A Accounting for Marketable...

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A Accounting for Marketable Securities: I/S 12/31/yr2 Tr/S RG/(L) 60 UNRG/(L) (50) AFS RG/(L) 30 UNRG/(L) NA I/S 12/31/yr3 Tr/S RG/(L) (25) UNRG/(L) 20 AFS RG/(L) (15) UNRG/(L) NA OE 12/31/yr3 AFS UNRG/(L) (25) Accounting for Investments - Equity Method: Initial Investment: 3,660,000 Patrick's Income: 195,300 Cash Dividend: 68,200 BV ≠ FMV: 30,483 Patrick's Income: 195,300 BV ≠ FMV: 30,483 Investment in Patrick – Increases: Investment in Patrick – Decreases: Changes in Ally’s Income resulting from the investment in Patrick – Increases: Changes in Ally’s Income resulting from the investment in Patrick – Decreases:
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A Fun with Consolidated Financial Statements: What is the fair market value of UCLA’s Land? 150,366 How much Minority Interest will be in the consolidated balance sheet? 20,700 How much Retained Earnings will be in the consolidated balance sheet? 78,000 How much Goodwill will appear in the consolidated balance sheet? 355,700 Fun with Notes Payable: Determine the Interest Expense recognized on November 30, Year 1.
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This note was uploaded on 01/16/2009 for the course ARTL 100G taught by Professor Demers during the Fall '08 term at USC.

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Final Exam Solution 07 - A Accounting for Marketable...

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