Financial Accounting 1 - Chapter 22
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Transcript of Financial Accounting 1 - Chapter 22
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7/25/2019 Financial Accounting 1 - Chapter 22
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CHAPTER16
Problem 16-1 Problem 16-2 Problem 16-3
.
A
.
c
. D
2
c
2
D
2
D
3. c 3. B 3. c
4. A 4. A 4. A
5. D 5. c 5. A
6. A 6. c
7. c 7. c
8. A
8
B
9. D 9.
c
10 . B 10 . D
Problem 16-5
Equi
ty met
h
od
.
Investment in associate
Cash
Acquisiti on cost
Net assets acquired (20 x 8,000,000)
Goo
dwill
2
Investment
in
associate
Investmen t income (20 x 1,500,000)
3. M
emo
- Received 2,000 shares as 10 stock dividend on
20,000 ori
gi
nal shares. Shares now held, 22,000.
4. Investment
loss
Investment in associate 20 x 300,000)
5. Cash (20
x
500,000)
Investment in associate
6. Cash
(5,500 x 200)
Investment
in
associate
G
ai
n
on
sale
of
in
ve
stm ent
Sale price
Less: Cost of in
ves
tment sold (5,500/22,0
00
x 2,540,
00
0)
Gain on sale
7. Investment in associ ate
Gain from remeasurement to fair value
Fair val
ue
( 16,5
00
x 180)
Carrying amount
of
retained inves tment (2,540,000 - 635,000)
Gain
fro
m rem easurem
ent
Investment
in
equity securities
Investment in associate
160
Problem 16-4
. B
2
D
3. B
4. A
5. A
2,400,000
300,000
60 ,000
100,0
00
1,100,000
1
,0
65,000
2,970,
00
0
2,400,000
2,400,000
1.600.000
800.000
300,000
60 ,000
1
00
,
00
0
635 ,000
465,000
1,100,000
635.000
465,000
1,065,000
2,970,
00
0
1.905.000
1.065.000
2,970,000
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