Chapter04_CheckFigures

Chapter04_CheckFigures - Fundamentals of Advanced...

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Fundamentals of Advanced Accounting Fourth Edition by Hoyle/Schaefer/Doupnik Key Figures in Selected Problems (Check figures for multiple choice questions not provided.) CHAPTER 4 P4-20: (a) 2012 Consolidated net income = $342,000 (b) Noncontrolling interest 12/31/10 = $83,400 P4-21: (a) Soriano’s total acquisition-date fair value = $3,100,000 (d) Goodwill = $200,000 (e) Consolidated net income = $1,615,000 (f) Noncontrolling interest 12/31 = $667,000 P4-22: (a) Goodwill = $14,000 Consolidated net income = $469,000 Controlling interest in consolidated net income = $418,300 (b) Consolidated net income = $426,750 Controlling interest in consolidated net income = $388,725 P4-23: (a) Noncontrolling interest in consolidated net income = $9,400 (b) End-of-year noncontrolling interest = $31,400 P4-24: (b) Gain on revaluation to fair value = $13,250 (c) Goodwill = $65,000 (d) Noncontrolling interest at 12/31 = $40,750 P4-25: (a) Equity income from sold shares of Sabathia = $7,950 (b) Book value of investment being sold = $159,950
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This note was uploaded on 03/25/2012 for the course EAC 4401 taught by Professor Na during the Fall '11 term at FIT.

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Chapter04_CheckFigures - Fundamentals of Advanced...

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