E 10.08 – Pinewood Company
Intermediate Accounting
Spiceland, Nelson, and Thomas
10th Edition
Given the amount of a lump-sum purchase along with the fair value of two buildings and land…. determine their initial valuations.
Given the amount of a lump-sum purchase along with the fair value of two buildings and land…. determine their initial valuations.
Given the amount of shares issued, the fair value per share, the cost of building completion, and the amount paid in cash… prepare a journal entry for the transaction.
Given the property, plant, and equipment for two years along with net sales for the second year…. calculate the fixed-asset turnover ratio.
Prepare the journal entry to record the exchange.
Given the details of an exchange of old equipment for a newer model… prepare a journal entry for the transaction.
Given the book value and fair value of equipment along with the amount they paid… determine the fair value and prepare a journal entry for the transaction.
Given the book value and fair value of equipment along with the cash received to complete the exchange… determine the fair value along with the preparing a journal entry for the transaction.
Given the total construction expenditures along with the amount and percent of both a loan and a note… calculate the interest capitalized.
Given a list of construction expenditures that were incurred throughout the year… calculate the amount of interest that was capitalized during the year.
Given a construction loan, other debts, and a list of construction expenditures for the year… calculate the interest that was capitalized throughout the year.