100% tevredenheidsgarantie Direct beschikbaar na je betaling Lees online óf als PDF Geen vaste maandelijkse kosten
logo-home
Eerder door jou gezocht
Eerder door jou gezocht
logo
SOLUTIONS MANUAL for Advanced Financial Accounting, 13th Edition. By Theodore Christensen, David Cottrell and Cassy Budd Test Bank _ Complete A+ $17.49
In winkelwagen
Snel navigeren naar
Voorbeeld
  2.  
  3. Advanced Financial Accounting, 13th Edition
  4.  
  5. Advanced Financial Accounting, 13th Edition

Tentamen (uitwerkingen)

SOLUTIONS MANUAL for Advanced Financial Accounting, 13th Edition. By Theodore Christensen, David Cottrell and Cassy Budd Test Bank _ Complete A+
 0 keer verkocht
  • Vak
  • Advanced Financial Accounting, 13th Edition
  • Instelling
  • Advanced Financial Accounting, 13th Edition
  • Boek
  • Advanced Financial Accounting

SOLUTIONS MANUAL for Advanced Financial Accounting, 13th Edition. By Theodore Christensen, David Cottrell and Cassy Budd Test Bank _ Complete A+

Voorbeeld 4 van de 942  pagina's

Document informatie

  • 30 oktober 2023
  • 942
  • 2023/2024
  • Tentamen (uitwerkingen)
  • Vragen en antwoorden

Onderwerpen

  • 9781260772135
  • dvanced financial accoun
  • solutions manual for advanced financial accounting
  • 13th edition by theodore christensen
  • test bank for advanced financial accounting
  • david cottrell and cassy budd

Gekoppeld boek

book image

Titel boek:

Auteur(s):

  • Uitgave:
  • ISBN:
  • Druk:

Meer samenvattingen voor studieboek

  • Advanced Financial Accounting 13th Edition TEST BANK By Theodore Christensen| All Chapters
  • TEST BANK for Advanced Financial Accounting 13th Edition By Theodore Christensen| All Chapters
  • TEST BANK Advanced Financial Accounting (13th Ed) By Theodore Christensen| All Chapters Covered NEWEST
Alles voor dit studieboek (96)

Geschreven voor

  • Advanced Financial Accounting, 13th Edition
Alle documenten voor dit vak (93)

Verkoper

avatar-seller
ASolution

Ontvangen beoordelingen

Voorbeeld van de inhoud

SOLUTIONS MANUAL for Advanced Financial Accounting, 13th Edition. By Theodore Christensen, David
Cottrell and Cassy Budd

Test Bank
th
Advance Financial Accounting 13 Edition by Theodore

Chapter 01
Intercorporate Acquisitions and Investments in Other Entities

Multiple Choice Questions




In order to reduce the risk associated with a new line of business, Conservative Corporation
established Spin Company as a wholly owned subsidiary. It transferred assets and accounts
payable to Spin in exchange for its common stock. Spin recorded the following entry when
the transaction occurred:




1. Based on the preceding information, what number of shares of $7 par value stock did Spin
issue to Conservative?
A. 10,000
B. 7,000
C. 8,000
D. 25,000



2. Based on the preceding information, what was Conservative's book value of assets
transferred to Spin Company?
A. $243,000
B. $263,000
C. $221,000
D. $201,000
Test Bank Page 1

, SOLUTIONS MANUAL for Advanced Financial Accounting, 13th Edition. By Theodore Christensen, David
Cottrell and Cassy Budd



3. Based on the preceding information, what amount did Conservative report as its investment
in Spin after the transfer of assets and liabilities?
A. $181,000
B. $221,000
C. $263,000
D. $243,000



4. Based on the preceding information, immediately after the transfer,
A. Conservative's total assets decreased by $23,000.
B. Conservative's total assets decreased by $20,000.
C. Conservative's total assets increased by $56,000.
D. Conservative's total assets remained the same.



During its inception, Devon Company purchased land for $100,000 and a building for
$180,000. After exactly 3 years, it transferred these assets and cash of $50,000 to a newly
created subsidiary, Regan Company, in exchange for 15,000 shares of Regan's $10 par value
stock. Devon uses straight-line depreciation. Useful life for the building is 30 years, with zero
residual value. An appraisal revealed that the building has a fair value of $200,000.



5. Based on the information provided, at the time of the transfer, Regan Company should
record:
A. Building at $180,000 and no accumulated depreciation.
B. Building at $162,000 and no accumulated depreciation.
C. Building at $200,000 and accumulated depreciation of $24,000.
D. Building at $180,000 and accumulated depreciation of $18,000.



6. Based on the information provided, what amount would be reported by Devon Company as
investment in Regan Company common stock?
A. $312,000
B. $180,000
C. $330,000
D. $150,000




Test Bank Page 2

, SOLUTIONS MANUAL for Advanced Financial Accounting, 13th Edition. By Theodore Christensen, David
Cottrell and Cassy Budd



7. Based on the preceding information, Regan Company will report
A. additional paid-in capital of $0.
B. additional paid-in capital of $150,000.
C. additional paid-in capital of $162,000.
D. additional paid-in capital of $180,000.



8. Burrough Corporation concluded that the fair value of Helyar Company was $80,000 and
paid that amount to acquire all of its net assets. Helyar reported assets with a book value of
$60,000 and fair value of $98,000 and liabilities with a book value and fair value of $23,000
on the date of combination. Burrough also paid $3,000 to a search firm for finder's fees
related to the acquisition. What amount will be recorded as goodwill by Burrough
Corporation while recording its investment in Helyar?
A. $0
B. $5,000
C. $8,000
D. $13,000



Plummet Corporation reported the book value of its net assets at $400,000 when Zenith
Corporation acquired 100 percent ownership. The fair value of Plummet's net assets was
determined to be $510,000 on that date.



9. Based on the preceding information, what amount of goodwill will be reported in
consolidated financial statements presented immediately following the combination
if Zenith paid $550,000 for the acquisition?
A. $0
B. $50,000
C. $150,000
D. $40,000



10. Based on the preceding information, what amount will be recorded by Zenith as its
investment in Plummet, if it paid $500,000 for the acquisition?
A. $610,000
B. $400,000
C. $500,000
D. $510,000


Test Bank Page 3

, SOLUTIONS MANUAL for Advanced Financial Accounting, 13th Edition. By Theodore Christensen, David
Cottrell and Cassy Budd



11. Based on the preceding information, what amount of goodwill will be reported in
consolidated financial statements presented immediately following the combination
if Zenith paid $500,000 for the acquisition?
A. $0
B. $50,000
C. $150,000
D. $40,000



Octane Company and Bio Company have announced terms of an exchange agreement under
which Octane will issue 10,000 shares of its $5 par value common stock to acquire all of Bio's
assets. Octane shares are trading at $28, and Bio's $10 par value shares are trading at $15.
Historical cost and fair value balance sheet data on January 1, 2008, are as follows:




CPA
12. Based on the information provided, what amount will be reported immediately following
the business combination for Buildings and Equipment (net) in the combined company's
balance sheet?
A. $300,000
B. $370,000
C. $330,000
D. $340,000




Test Bank Page 4

Dit zijn jouw voordelen als je samenvattingen koopt bij Stuvia:

Bewezen kwaliteit door reviews

Bewezen kwaliteit door reviews

Studenten hebben al meer dan 850.000 samenvattingen beoordeeld. Zo weet jij zeker dat je de beste keuze maakt!

In een paar klikken geregeld

In een paar klikken geregeld

Geen gedoe — betaal gewoon eenmalig met iDeal, creditcard of je Stuvia-tegoed en je bent klaar. Geen abonnement nodig.

Direct to-the-point

Direct to-the-point

Studenten maken samenvattingen voor studenten. Dat betekent: actuele inhoud waar jij écht wat aan hebt. Geen overbodige details!

Veelgestelde vragen

Wat krijg ik als ik dit document koop?

Je krijgt een PDF, die direct beschikbaar is na je aankoop. Het gekochte document is altijd, overal en oneindig toegankelijk via je profiel.

Tevredenheidsgarantie: hoe werkt dat?

Onze tevredenheidsgarantie zorgt ervoor dat je altijd een studiedocument vindt dat goed bij je past. Je vult een formulier in en onze klantenservice regelt de rest.

Van wie koop ik deze samenvatting?

Stuvia is een marktplaats, je koop dit document dus niet van ons, maar van verkoper ASolution. Stuvia faciliteert de betaling aan de verkoper.

Zit ik meteen vast aan een abonnement?

Nee, je koopt alleen deze samenvatting voor $17.49. Je zit daarna nergens aan vast.

Is Stuvia te vertrouwen?

4,6 sterren op Google & Trustpilot (+1000 reviews)

Afgelopen 30 dagen zijn er 64302 samenvattingen verkocht

Opgericht in 2010, al 15 jaar dé plek om samenvattingen te kopen

Begin nu gratis

Laatst bekeken door jou

Voordeelbundel ·

(0)

Christopher Parrish - Nutrition_5items (NCP, Concept map worksheet, NCP1 care plan, Documentation assignment, Guided reflection questions)

Tentamen (uitwerkingen) ·

(0)

2023/2024 ALL HESI FUNDAMENTALS EXAM TEST BANK UPDATED QUESTION WITH RATIONALES AND ANSWERS LATEST UPDATED HESI FUNDAMENTALS EXAM, ANSWERED

Tentamen (uitwerkingen) ·

(0)

Midterm Exam Review Weeks 1-4 Notes - NR601 / NR 601 (Latest 2022 / 2023) : Primary Care of the Maturing & Aged Family Practicum - Chamberlain

Voordeelbundel ·

(0)

ATI TEAS 7 REAL EXAMS BUNDLE COMPREHENSIVE WITH SCIENCE, ANATOMY, ENGLISH, MATH, LANGUAGE, TEST BANKS FULL ALL WITH CORRECT VERIFIED ANSWERS

Tentamen (uitwerkingen) ·

(0)

Solution Manual For Auditing and Assurance Services 9th Edition by Timothy Louwers, Penelope Bagley| ALl Chapters ( 1 - 12) | Updated 2024 A+

Tentamen (uitwerkingen) ·

(1)

RRLLB81 PORTFOLIO MEMO - SEMESTER 1 - 2024 - UNISA - (UNIQUE NUMBER: - 818605 ) (DISTINCTION GUARANTEED) – DUE DATE:- 20th MAY 2024 - ALL TOPICS INCLUDED!

Tentamen (uitwerkingen) ·

(1)

WGU Pathophysiology D236 2023/2024 UPDATED EXACT EXAM QUESTIONS NEW Already Passed With complete solution| Latest Version actual exam

Tentamen (uitwerkingen) ·

(0)

Inclusive: MLT 250 Haematology| MLT Haematology Final Exam| MLT Haematology Questions| 100% Correct Questions and Answers (2024/2025) Guide

Tentamen (uitwerkingen) ·

(0)

2024 HESI MATERNITY OB EXAM VERSION 7 |MOST RECENT UPDATE QUESTIONS AND CORRECT ANSWERS |ALREADY GRADED A+ | NEWEST UPDATE /GET IT 100% ACCURATE!!

$17.49
  • (0)
In winkelwagen
Toegevoegd