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Midterm Extra Problems Solutions

Midterm Extra Problems Solutions - E1-1 Multiple-Choice...

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E1-1 Multiple-Choice Questions on Complex Organizations 1. b 2. d 3. a 4. b 5. d E1-2 Multiple-Choice Questions on Recording Business Combinations [AICPA Adapted] 1. a 2. c 3. d 4. d 5. c E1-3 Multiple-Choice Questions on Reported Balances [AICPA Adapted] 1. d 2. d 3. c 4. c E1-4 Multiple-Choice Questions Involving Account Balances 1. c 2. c 3. b 4. b 5. b
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E2-1 Multiple-Choice Questions on Use of Cost and Equity Methods [AICPA Adapted] 1. a 2. a 3. d 4. a 5. b 6. d 7. d E2-2 Multiple-Choice Questions on Intercorporate Investments 1. b 2. c 3. d 4. a 5. a E2-3 Multiple-Choice Questions on Applying Equity Method [AICPA Adapted] 1. c 2. d $250,000 + ($100,000 x .30) – [($200,000 x .30)/15 years)] 3. c 4. d 5. d
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