tutoring problems ch 123

tutoring problems ch 123 - Less: dividends...

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Sheet1 Page 1 JENNIE KIM ACCT 311 10AM 1 Investment Analysis excess accu excess accu excess unamort fv excess accu excess unamort fv Barry FV-BV useful life amort Amort 1/1/15 Adj 1/1/15 12/31/15 12/31/15 Adj 12/31/15 Building 100000 9 years 11111 55556 44444 11111 66667 33333 A-entry: building 44444 investment 44444 E-entry: depreciation expense 11111 building 11111 Joanne's building BV @ 12/31/15 5000000 Barry's building BV @ 12/31/15 1000000 Unamortized FV adjustment as of 12/31/15 33333 Consolidated building @ 12/31/15: 6033333 2 Investment in XYZ 1920000
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Unformatted text preview: Less: dividends <60000 shares x $2.50> 150000 Balance in the investment in XYZ @ 12/31/03 1770000 3 FV of shares issued <12000 shares x $42> 504000 Less: BVNAA <assets liabilities> cash/receivables 70000 inventory 170000 land 220000 buildings 240000 equipment 90000 liabilities-430000 360000 Premium over BV 144000 Less: Allocation <FV BV> cash/receivables inventory 40000 land 20000 building 30000 equipment liabilities-10000 80000 Goodwill 64000...
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