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WGU C243 Bundled Exams with Complete Solution | Verified | Everything you Need!!
WGU C243 Bundled Exams with Complete Solution | Verified | Everything you Need!!
[Show more]WGU C243 Bundled Exams with Complete Solution | Verified | Everything you Need!!
[Show more]Assuming no impairment in value before transfer, assets transferred by Parent company to another 
entity it has created should be recorded by the newly created entity: 
a. Cost to the Parent Company 
b. Book Value of the parent's company books at the date of transfer 
c. Fair value at the date of t...
Preview 1 out of 2 pages
Add to cartAssuming no impairment in value before transfer, assets transferred by Parent company to another 
entity it has created should be recorded by the newly created entity: 
a. Cost to the Parent Company 
b. Book Value of the parent's company books at the date of transfer 
c. Fair value at the date of t...
Company A exchanges 10,000 shares of $1 par common stock (FMV of $20 Per share) for all of the stock 
of Company B. 
Which entry is posted to the books of Company A in accounting for the business combination on the 
acquisition date? - -Debit to Investment in B for $200,000, Credit to Common Stock f...
Preview 1 out of 2 pages
Add to cartCompany A exchanges 10,000 shares of $1 par common stock (FMV of $20 Per share) for all of the stock 
of Company B. 
Which entry is posted to the books of Company A in accounting for the business combination on the 
acquisition date? - -Debit to Investment in B for $200,000, Credit to Common Stock f...
When a bond is purchased at a premium, the amount of the premium is amortized periodically. The 
premium amortization process decreases interest income and 
a.) has no effect on the Investment in Bonds account. 
b.) decreases the Investment in Bonds account. 
c.) increases the Investment in Bonds ac...
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Add to cartWhen a bond is purchased at a premium, the amount of the premium is amortized periodically. The 
premium amortization process decreases interest income and 
a.) has no effect on the Investment in Bonds account. 
b.) decreases the Investment in Bonds account. 
c.) increases the Investment in Bonds ac...
1x sold
Steps in Finding Goodwill with Differential - -1. Find Differential 
2. Allocate Differential 
3. Plug Remaining Differential to GW 
GWDiff - -GWDiff = IFV - Sub's BV 
Implied Fair Value - -IFV = AC / % of CS acquired 
Sub's BV - -Sub's BV = Sub's SE 
#1 Sub's SE - -Sub's SE = Sub's CS + Sub...
Preview 1 out of 2 pages
Add to cartSteps in Finding Goodwill with Differential - -1. Find Differential 
2. Allocate Differential 
3. Plug Remaining Differential to GW 
GWDiff - -GWDiff = IFV - Sub's BV 
Implied Fair Value - -IFV = AC / % of CS acquired 
Sub's BV - -Sub's BV = Sub's SE 
#1 Sub's SE - -Sub's SE = Sub's CS + Sub...
Implied Fair Value of Subsidiary formula - -Acquisition Cost / % of Common Stock acquired 
(represents how much the parent corporation would have to pay if they purchase the entire subsidiary - 
that is all of the subsidiary's outstanding common stock) 
Book Value of Subsidiary = Book Value of Subs...
Preview 1 out of 2 pages
Add to cartImplied Fair Value of Subsidiary formula - -Acquisition Cost / % of Common Stock acquired 
(represents how much the parent corporation would have to pay if they purchase the entire subsidiary - 
that is all of the subsidiary's outstanding common stock) 
Book Value of Subsidiary = Book Value of Subs...
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