Unformatted text preview: Contributed capital 91.0 35.0 Reinvested earnings (deficit) 47.0 15.0 Total shareowners’ investment 138.0 50.0 Total liabilities and shareowners’ investment 549.0 57.0 For both investments, also assume: (1) Illini owes Hoosier $1.2 million for past electric part purchases as of 1/1/2011; and (2) Hoosier has a separately identifiable and measurable internally-generated trademark with a fair value of $2.2 million. Assignment: Make a consolidated balance sheet for Illini as of 1/1/2011 under each assumption: (a) Illini purchases 100% of Hoosier stock for $56 million (raised through an Illini debt issue) (b) Illini purchases 75% of Hoosier stock for $42 million (raised through an Illini debt issue)...
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- Fall '08
- Balance Sheet, Generally Accepted Accounting Principles, Illini debt issue