Then quantitative assessments as to how much

then quantitative assessments as to how much impairment, if any,
occurred for asset write-down.
1.
2. Cashen Co. paid $2,400,000 to acquire all of the common
stock of Janex Corp. on January 1, 2010. Janex's reported earnings
for 2010 totaled $432,000, and it paid $120,000 in dividends during
the year. The amortization of allocations related to the investment
was $24,000. Cashen's net income, not including the investment,
was $3,180,000, and it paid dividends of $900,000.
3. On the consolidated financial statements for 2010, what
amount should have been shown for Equity in Subsidiary Earnings ?

00.
How does the partial equity method differ from the equity method?
Jansen Inc. acquired all of the outstanding common stock of Merriam
Co. on January 1, 2010, for $257,000. Annual amortization of $19,000
resulted from this acquisition. Jansen reported net income of $70,000
in 2010 and $50,000 in 2011 and paid $22,000 in dividends each year.
Merriam reported net income of $40,000 in 2010 and $47,000 in 2011
and paid $10,000 in dividends each year. What is the Investment in
Merriam Co. balance on Jansen's books as of December 31, 2011, if the