Chapter2CF8e - E2-23* Purchase price $58,500 E2-24* Income...

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CHAPTER 2 CHECK FIGURES BAKER LEMBKE KING JEFFREY Advanced Financial Accounting, Eighth Edition E2-5 a. 20X3: Net Income $84,000 b. 20X3: Net Income $76,000 E2-6 b. $52,000 E2-7 a. (1) 20X8: Net Income $229,000 (2) 20X8: Net Income $223,000 E2-8 20X3: $193,500 E2-9 Total Assets: Pro Rata Consolidation $622,500 E2-10 20X3: Loss from Snow Corporation $15,400 + $2,125 E2-11 20X8: Income from Flair $30,000 - $5,250 E2-12 b. 20X5: Dividend Income $3,600 E2-13 Differential assigned to Goodwill $19,500 E2-14 Investment balance $156,000 E2-15 Retained Earnings credited $22,000 E2-16 Amortization of differential $1,000 E2-17 Amortization of differential $3,600 E2-20 b. Unrealized gain on increase in value of stock $34,000 E2-22* Unrealized gain on investments of investee (OCI) $8,000
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Unformatted text preview: E2-23* Purchase price $58,500 E2-24* Income taxes payable $106,400 P2-26 Amortization of differential assigned to copyrights $3,375 P2-27 a. Goodwill $8,000 c. Balance, December 31, 20X1, $155,600 P2-31 Total Assets: pro rate consolidation $914,000 P2-32 a. Investment Income $12,750 b. Investment balance $175,050 P2-33 c. $238,800 P2-34 b. $212,600 P2-35 a. 20X3: Net Income $260,900 P2-36 c. Fair value 20X8 $97,000 P2-37 20X9: Unrealized loss on decrease in value of stock $5,000 P2-38 Credit investment account $28,500 P2-39* c. $31,000 P2-40* a. Retained earnings, December 31, 20X8: $319,000 P2-41* Net income $76,320 P2-42* (b) 20X5: Net income $40,240...
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This note was uploaded on 09/23/2010 for the course BUS 302 taught by Professor Kolt during the Fall '10 term at Arizona Western College.

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