Chapter 15 Comprehensive problem answers

Chapter 15 Comprehensive problem answers - CHAPTER 15...

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Unformatted text preview: CHAPTER 15 INVESTMENTS AND FAIR VALUE ACCOUNTING COMPREHENSIVE PROBLEM 4 1. a. Cash............................................................................ 696,000 Common Stock..................................................... 435,000 Paid-In Capital in Excess of ParCommon Stock...................................................................... 261,000 b. Cash............................................................................ 1,040,000 Preferred Stock..................................................... 960,000 Paid-In Capital in Excess of Par Preferred Stock..................................................... 80,000 c. Cash............................................................................ 8,800,000* Bonds Payable...................................................... 8,000,000 Premium on Bonds Payable................................ 800,000 *$8,000,000 1.10 d. Cash Dividends.......................................................... 78,000* Cash Dividends Payable...................................... 78,000 *120,000 shares $0.65 per share Cash Dividends.......................................................... 40,500* Cash Dividends Payable...................................... 40,500 *22,500 shares $1.80 per share e. Cash Dividends Payable...........................................e....
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Chapter 15 Comprehensive problem answers - CHAPTER 15...

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