BE 12.10 – Adams Industries
Intermediate Accounting
Spiceland, Nelson, and Thomas
10th Edition
Given the number of shares, stock market value, and the value per shares… find the fair value of net income.
Given the number of shares, stock market value, and the value per shares… find the fair value of net income.
Given amount owned in outstanding stock of ICA, and paid cash dividend… prepare the financial statements.
Given the outstanding stock and cash dividends… create the balance sheet and find the income statement effect.
Given the book value, the useful life, and the percent of shares that were bought… determine the effect that the equity method would have on both the investment and investment revenue.
Given the percent of stock purchased, purchase price, income earned, the dividend paid, and fair value they ask you to prepare journal entries for the investment.
Given the impairment on HTM debt and the amount that fair value increased they ask you to prepare journal entries for the increase in fair value.
Given the amount borrowed, discount rate, and the promissory note… prepare the journal entry.
Given the amount borrowed, months on note, and discount rate they ask you to prepare the necessary journal entries.
Given a note issuance they ask you to determine the interest expense that would be present at different year-ends.
They give you the note amount, months, and discount rate and ask you to prepare journal entries for the issuance and repayment.