MC 12.114 – Hales Inc,
Intermediate Accounting
Spiceland, Nelson, and Thomas
10th Edition
Gives you the amount paid for bonds, Investment to decline, drop-in fair value, credit, and noncredit losses. Asks for the before-tax net income.
Gives you the amount paid for bonds, Investment to decline, drop-in fair value, credit, and noncredit losses. Asks for the before-tax net income.
Gives you the amount paid for bonds, Investment to decline, drop-in fair value, credit and noncredit losses, along with “other factors”. Asks for the before-tax net Income reduced.
Gives you the amount of bonds purchased, price per bond, market value, and credit loss. Asks for balance sheet and income statement amounts.
Gives you the amount of bonds purchased, the book value, and the price at which they were sold. Asks for the unrealized gain.
Given the percentage of common stock that was bought along with the fair value and the declared cash dividends… find what should be reported for investment revenue.
Gives you the percentage of common stock that was bought along with the fair value and the declared cash dividends. Asks for what should be reported for investment revenue.
Given the amount paid for the investment, net assets, fair value, and land… find the investment reported on the balance sheet.
Gives you an amount in bonds. Tells you that the bonds decline/rise. Asks to find the net income.
Gives you the percent of the corporation common stock purchased, declared a dividend, and the fair value. Asks for the income from an investment that would be recorded on the income statement.
NOTE: This one asks for the amount reported on the income statement! Gives you the amount of bonds purchased along with the price per bond at purchase/sold. Asks for the amount that the corporation would report on the income statement.