FinAcctg7SMCh10Word文档下载推荐.docx
- 文档编号:21495865
- 上传时间:2023-01-30
- 格式:DOCX
- 页数:55
- 大小:36.01KB
FinAcctg7SMCh10Word文档下载推荐.docx
《FinAcctg7SMCh10Word文档下载推荐.docx》由会员分享,可在线阅读,更多相关《FinAcctg7SMCh10Word文档下载推荐.docx(55页珍藏版)》请在冰豆网上搜索。
AllowancetoAdjustInvestment
toMarket($6,000−$5,100)…………….
2.
ASSETS
Totalcurrentassets…………………………………........
$XXX
Long-termavailable-for-saleinvestments,
atmarketvalue……………………………………........
5,100
STOCKHOLDERS’EQUITY
Commonstock……………………………………………..
Retainedearnings…………………………………………
XXX
Accumulatedothercomprehensiveincome:
Unrealized(loss)oninvestments……………………
(900)
(5-10min.)S10-2
20X9
May
19
$22)………………………
6,600
Long-TermInvestment……………
GainonSaleofInvestment………
600
2.Thisgainonsaleofinvestmentisarealizedgain.ThelossrecordedatDecember31,20X7wasunrealizedbecauseitresultedfromachangeintheinvestment’smarketvalue,notfromthesaleoftheinvestment.
(10-15min.)S10-3
1.Equitymethodisappropriatebecausetheinvestor(GeneralMotors)holdsa40%investmentintheinvesteecompany(Isuzu).
Millions
a.
Long-TermInvestment…………………………..
410
Cash……………………………………………...
Topurchaseequity-methodinvestment.
b.
Long-TermInvestment($60×
.40)…………….
24
Equity-MethodInvestmentRevenue……….
Torecordinvestmentrevenue.
c.
Cash($20×
.40)…………………………………..
8
Long-TermInvestment……………………….
Toreceivecashdividendonequity-method
investment.
3.
Long-TermInvestment
(Amountsinmillions)
Purchase
Dividendsreceived
Netincome
Balance
426
(5min.)S10-4
Saleproceeds…………………………………………...
$140
−
Carryingamountoftheinvestment($426/2)……..
(213)
=
(Loss)onsaleofinvestment…………………………
$(73)
(10min.)S10-5
1.Aparentcompanyisacorporationthatownsacontrolling(morethan50%)interestinanothercompany.Asubsidiarycompanyisacompanythatiscontrolledbyanothercorporation.
2.Consolidatedfinancialstatementscombinethebalancesheets,incomestatements,andcash-flowstatementsofaparentcompanywiththoseofitssubsidiariesasiftheparentanditssubsidiarieswereonecompany.
3.Theparentcompany’snameappearsontheconsolidatedfinancialstatements.Toconsolidate,theparentcompanymustownmorethan50%ofthesubsidiary’sstock.
(10min.)S10-6
1.Goodwillisanintangibleasset.Goodwillistheexcessofthepurchasepricetoacquireasubsidiarycompanyoverthesumofthemarketvalueofthesubsidiary’snetassets(assetsminusliabilities).Onlytheparentcompanyreportsthegoodwill.Goodwillappearsasanintangibleassetontheconsolidatedbalancesheet.
2.Minorityinterestistheportion(lessthan50%)ofasubsidiary’sstockthatisownedbystockholdersotherthantheparentcompany.TheparentcompanycanreportMinorityInterestonitsconsolidatedbalancesheetamongtheliabilities.
(10-15min.)S10-7
1.Paid$1,010,000($1,000,000×
1.01)
Willcollect$1,000,000atmaturity
2.Annualcashinterest=$70,000($1,000,000×
.07)
3.Annualinterestrevenuewillbelessthantheamountofcashinterestreceivedeachyearbecausetheinvestorboughtthebondsatapremium.Buttheinvestorwillcollectonlythefaceamountofthebondsatmaturity.Thedifferencebetweenthepurchasepricepaidandthefaceamountcollectedisareductionininterestrevenueoverthelifeofthebonds.
4.
Cashinterestreceivedeachyear…………………...
$70,000
−Amortization
$1,010,000−$1,000,000
(2,000)
5years
=Annualinterestrevenue…………………………...
$68,000
(10min.)S10-8
20X1
June
30
Long-TermInvestmentinBonds
($1,000,000×
1.01)………………………...
1,010,000
Cash……………………………….……..
Topurchasebondinvestment.
31
Cash($1,000,000×
.07×
6/12)…………..
35,000
InterestRevenue……………………….
Toreceivesemiannualinterest.
InterestRevenue………………………….
1,000
Long-TermInvestmentinBonds
[($1,010,000−$1,000,000)/5×
6/12].
Toamortizebondinvestment.
20X6
d.
Jan.
2
Cash…………………………………….......
1,000,000
Long-TermInvestmentinBonds……
Toreceivefacevalueatmaturity.
(5-10min.)S10-9
Sept.
14
AccountsReceivable
(200,000rubles×
$0.34)……………………..
68,000
SalesRevenue……………………………..
Saleonaccount.
Oct.
Cash(100,000rubles×
$0.30)………………
30,000
Foreign-CurrencyTransactionLoss….......
4,000
AccountsReceivable($68,000×
1/2)…..
34,000
Collectiononaccount.
Nov.
$0.35)………………
35,000
Foreign-CurrencyTransactionGain......
1,000
(10min.)S10-10
Aug.
28
Cash(1,000,000pesos×
$0.092)…………
92,000
AccountsReceivable
(1,000,000pesos×
(0.090)…………..
90,000
Foreign-CurrencyTransactionGain….
2,000
29
AccountsPayable
(20,000Swissfrancs×
$0.81)…................
16,200
Foreign-CurrencyTransactionLoss…….
800
Cash(20,000Swissfrancs×
$0.85)…..
17,000
Paymentonaccount.
Currency
Strengthened
Weakened
Dollar
X
Peso
Swissfranc
(5-10min.)S10-11
IntheUnitedStates,companiescanuseanumberofdifferentinventoryaccountingmethods,whichincludeLIFO.IntheUnitedKingdom,LIFOisunacceptablefortaxpurposesandisnotwidelyused.
IntheU.S.,companiesrecordanylossinthevalueoftheirgoodwill.IntheU.K.,companiesgenerallyamortizegoodwilloveritsusefullife.ButBritishcompaniesmayelectnottoamortizegoodwilliftheybelieveitslifeisindefinite.
IntheU.S.,companiesmustexpenseresearchanddevelopmentcostsasincurred.Britishcompaniesmustalsoexpenseresearchcosts,buttheyareallowedtocapitalizesomedevelopmentcosts.
(5min.)S10-12
1.A.Operating
B.Investing—Mostcloselyrelatedtothischapter.
C.Financing
2.Purchaseofinvestment(oracquisitionofothercompanies)
Saleofinvestment(orsaleofothercompanies)
Exercises
(10-15min.)E10-13
Long-TermInvestment(400×
$32)………..
12,800
Cash………………………………………...
Cash(400×
$1)……………………………….
400
DividendRevenue………………………..
AllowancetoAdjustInvestmenttoMarket
[400×
($38−$32)]……………………………
2,400
UnrealizedGainonInvestment………..
$23)……………………………...
9,200
LossonSaleofInvestment………………...
3,600
Long-TermInvestment…………………..
(15-25min.)E10-14
Req.1
Stock
Cost
CurrentMarketValue
HongKong
(3,000×
$37)
$110,000
$29.125)
$87,375
Beijing
(600×
$46.75)
28,050
$48.50)
29,100
Shanghai
(1,400×
$79)
110,600
$68.25)
95,550
Total…………………………………
$248,650
………………………..
$212,025
Req.2
Dec.31
UnrealizedLossonInvestment
($248,650−$212,025)………………..
36,625
AllowancetoAdjustInvestment
toMarket…………………………..
Req.3
IncomeStatement(partial):
Othercomprehensiveincome:
Unrealized(loss)oninvestments……….……...
$(36,625)
BalanceSheet(partial):
Long-terminvestments,atmarketvalue…………
Accumulatedothercomprehensiveincome:
Unrealized(loss)oninvestments………………….
(10-15min.)E10-15
Long-TermInvestment………………………...
Cash……………………………………………
Purchasedequity-methodinvestment.
Long-TermInvestment($640,000×
.25)…….
160,000
Equity-MethodInvestmentRevenue…….
Cash($420,000×
.25)…………………………..
105,000
Long-TermInvestment……………………..
Toreceivecashdividendonequity-methodinvestment.
Endingbalanceintheinvestmentaccount:
$1,055,000($1,000,000+$160,000−$105,000)
(10-15min.)E10-16
Long-TermInvestmentinThaiSoftware
c.
Dividends
1,055,000
Saleofinvestmentforcashof
$2,700,000
Carryingamountofinvestment
(1,055,000)
Gainonsaleofinvestment
$1,645,000
(15-20min.)E10-17
Theequitymethodisappropriate
- 配套讲稿:
如PPT文件的首页显示word图标,表示该PPT已包含配套word讲稿。双击word图标可打开word文档。
- 特殊限制:
部分文档作品中含有的国旗、国徽等图片,仅作为作品整体效果示例展示,禁止商用。设计者仅对作品中独创性部分享有著作权。
- 关 键 词:
- FinAcctg7SMCh10