ch 12_Solutions - 1851597 M12-3) Dec. 2 Investment in SAS...

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1851597 M12-3) Dec. 2 Investment in SAS 224,000 Cash 224,000 Dec. 15 Cash 16,000 Investment income 16,000 Dec. 31 Net unrealized gains and losses 24,000 Allowance to value at market 24,000 M12-7) July 2 Cash 30,000 Investments in associated companies 30,000 Dec. 31 Investments in associated companies 50,000 Equity in investee earnings 50,000 M12-9) Property and equipment 630,000 Goodwill 70,000 Current liabilities 100,000 Cash 600,000 E12-1) July 1 Held-to-maturity investments 10,000,000 Cash 10,000,000 Dec. 31 Cash 5,000,000 Interest revenue 5,000,000 P12-4) 1) August 4, 2007 Investment in TS 45,000 Cash 45,000 December 31, 2007 Allowance to value at market-TS 7,000 Net unrealized loss/gain-TS 7,000 June 1, 2008 Cash 2,000 Investment income 2,000 December 31, 2008 Allowance to value at market-TS 2,000 Net unrealized loss/gain-TS 2,000 June 1, 2009 Cash 2,000 Investment income 2,000 December 31, 2009 Net unrealized loss/gain-TS 7,000 Allowance to value at market-TS 7,000 2) August 4, 2007 Investment in SAS 45,000
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This homework help was uploaded on 02/19/2009 for the course HA 230 taught by Professor Davidlee during the Fall '06 term at Cornell University (Engineering School).

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ch 12_Solutions - 1851597 M12-3) Dec. 2 Investment in SAS...

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