Acc311.3 - 1a Investment 75000 Dividends paid b c Parent's dividened FV of Ramos building BV of Ramos building Excess Amorization useful life

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1a) Investment 75000 Dividends paid 75000 b) Parent's dividened 100000 c) FV of Ramos building 900000 BV of Ramos building 800000 Excess Amorization 100000 useful life 10 Annual Excess Amort 10000/year 4 years 40000 Answer Building 60000 Investment 60000 d) Parent BV 3000000 Sub BV 800000 Unamort FV adjustment 50000 3850000 2a) Fv of consideration Tranfered100000 x 70 700000 BVNAA 200000 Premium over Book 500000 Fv Allocation 150000-200000 50000 Goodwill 550000 3 a) Investment 70000 Equity Earnings 70000 Dividends Received 50000 Invest in Sub 50000 Equity Earnings 3000 Invest in Sub 3000 b) Investment 70000 Equity Income 70000 Dividends Received 50000 Cash 50000 4 a) Accounts Payable 500000 Cash 500000 b) Cash 500000 Accounts Payable 500000 c) 350000 5 a) Sells Retained Earnings 130000 APIC 2500000 Common Stock 160000 Investment 2790000 b) Parent BV 6000000 Sub BV 2790000
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879000 c) no change 15a) Step 1: FV of Martel 650 BV of Martel 780 FV < BV Step 2: FV of Martel 650 FV of Martel's Net Assets
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This note was uploaded on 06/06/2011 for the course ECON 007 taught by Professor Bub during the Spring '11 term at CUNY Queens.

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Acc311.3 - 1a Investment 75000 Dividends paid b c Parent's dividened FV of Ramos building BV of Ramos building Excess Amorization useful life

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