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SOLUTIONS MANUAL Advanced Accounting 5th Edition by Susan Hamlen, 9781618534248 (A+ G) ;verified solution.
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SOLUTIONS MANUAL Advanced Accounting 5th Edition by Susan Hamlen, 9781618534248 (A+ G) ;verified solution.SOLUTIONS MANUAL Advanced Accounting 5th Edition by Susan Hamlen, 9781618534248 (A+ G) ;verified solution.SOLUTIONS MANUAL Advanced Accounting 5th Edition by Susan Hamlen, 9781618534248 (A+ G) ...

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  • August 31, 2024
  • 892
  • 2024/2025
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Advanced Accounting,
5th Edition
by Susan S. Hamlen
Complete Chapter Solutions Manual areinclud
‖ ‖ ‖ ‖ ‖



ed (Ch 1 to 16)
‖ ‖ ‖ ‖




included
** Immediate Download
‖ ‖




** Swift Response
‖ ‖




All chapters……
‖

, CHAPTER‖1

SOLUTIONS‖ TO‖MULTIPLE‖CHOICE‖QUESTIONS,‖EXERCISES‖AND‖PROBLEMS


MULTIPLE‖CHOICE‖QUESTIONS

1. c

$180,000‖-‖$160,000‖= $20,000
$125,000‖-‖$100,000‖= 25,000
Total‖gain $45,000

2. a

$29,000‖–‖$26,000‖=―$3,000

3. a

$207,544‖–‖[(6%‖x‖$200,000)‖–‖(4%‖x‖$207,544)]‖=―$203,846

4. d

Reclassification‖of‖unrealized‖loss‖on‖AFS‖securities‖sold
$1,000‖credit‖Un
realized‖gain‖on‖AFS‖securities‖held‖at‖year-end
6,000‖credit‖(1)‖T
otal‖amount‖reported‖in‖OCI $7,000‖ credit

(1)‖$81,000‖–‖($100,000‖–”$25,000)‖=―$6,000‖unrealized‖gain

5. d

$5,000,000‖+‖[40%‖x‖($600,000‖–‖$200,000)]‖=―$5,160,000

6. b




2023
Solutions”Manual,”Chapter” 1-1
1

,7. b

Reported‖net‖income;‖35%‖x‖$7,000,000‖=
$‖2,450,000‖
Less‖unconfirmed‖profit‖on‖ending‖inventory
35%‖x‖[$6,000,000‖–‖($6,000,000/1.25)]‖= ― (420,000)
Equity‖in‖net‖income $‖2,030,000
Less‖dividends;‖35%‖x‖$2,000,000 (700,000)
Plus‖beginning‖investment‖balance 50,000,000
Ending‖investment‖balance $51,330,000

8. d

Fizzy’s‖entry‖to‖record‖the‖acquisition‖is:

Current‖assets 25,000
Property 2,500,000
Goodwill 25,475,000
Liabilities 3,000,000
Cash 25,000,000

9. b

10. a

11. b

The‖entry‖to‖record‖the‖sale‖is:

Cash 410,000
Loss‖on‖sale‖of‖AFS‖securities 15,000
Investment‖in‖AFS‖securities 400,000
Other‖comprehensive‖income 25,000
The‖reclassification‖of‖the‖loss‖increases‖OCI,‖and‖the‖loss‖reported‖in‖income‖is‖the‖diffe
rence‖between‖the‖original‖cost‖($400,000‖+‖$25,000)‖and‖sales‖proceeds‖($410,000).

12. b

$285,000‖-‖$300,000‖=―$15,000‖loss




2023
1-2 Advanced”Accounting,”5th”Editio
n

, 13. d

Investment‖balance‖at‖the‖beginning‖of‖2023‖is‖$203,883‖(=$205,768‖–‖($6,000‖–‖(2%‖x
$205,768));‖2%‖x‖$203,883‖=―$4,078

14. c

Investment‖balance‖at‖the‖end‖of‖2022‖is‖$203,827‖(=$205,657‖–‖($8,000‖–‖(3%‖x
$205,657));‖$190,000‖-‖$203,827‖=―$13,827‖loss

15. c

$510,000‖-‖$500,000‖=―$10,000;‖unrealized‖gains‖are‖reported‖in‖income.

16. b

The‖basis‖difference‖is‖$180,000‖(=$3,000,000‖–
‖(30%‖x‖$9,400,000))‖(30%‖x‖$100,000)‖–‖$180,000/10‖=―$12,000


17. d

Investment‖balance,‖beginning‖of‖2020‖$10,000,000‖(
$2,400,000‖-‖$2,000,000)‖x‖40%‖=
160,000‖
($150,000‖-‖$200,000)‖x‖40%‖=
(20,000)‖
($60,000‖+‖$10,000‖-‖$25,000)‖x‖40%‖=― 18,000
Investment‖balance,‖end‖of‖2025 $10,158,000

18. b

$10,000,000‖–‖($400,000‖+‖$5,000,000‖-‖$6,000,000)‖=―$10,600,000

19. c

$25,000,000‖–‖($500,000‖+‖$8,000,000‖+‖$1,000,000‖-‖$6,000,000)‖=―$21,500,000

20. c




2023
Solutions”Manual,”Chapter” 1-3
1

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