E 12.13 – Union Corporation
Intermediate Accounting
Spiceland, Nelson, and Thomas
10th Edition
Given the number of bonds purchased, the value, and market value… prepare the adjusting journal entries.
Given the number of bonds purchased, the value, and market value… prepare the adjusting journal entries.
Given the trading securities, securities available for sale, and securities to be held to maturity… figure out the report on balance and the unrealized gain or loss.
Given the price of the stock, net income, fair value, and the amount the stock sold for… prepare the journal entries for the sale.
Given the percentage of shares, net income, fair value, and cash dividends… prepare the journal entries.
Given the shares purchased, the cost of the shares, net income, and the fair value… prepare the journal entries.
Gives you the percentage of shares purchased, the book value, the useful life remaining, the net income, and the cash dividends. Asks for the carrying value of the investment.
Gives you the amount paid for shares with the total, Net assets, Fair value, Net assets, Net income, and dividends paid. Asks for its year-end balance sheet under-investment.
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.