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10 Fischer10e SM SA02 Final PDF
10 Fischer10e SM SA02 Final PDF
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SPECIAL APPENDIX 2
SA-7
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SA2—Exercises
EXERCISES
EXERCISE SA2-1
EXERCISE SA2-2
SA-8
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SA2—Exercises
EXERCISE SA2-3
Cash................................................................................................. 6,000
Investment in Werl (30% × $20,000 dividends) ......................... 6,000
SA-9
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SA2—Exercises
EXERCISE SA2-4
15% purchase:
Price paid ................................................................. $110,000
Less interest acquired:
Total stockholders’ equity................................... $800,000
Interest acquired ...................................................... × 15% 120,000
Excess of book value over cost (credit balance) ...... $(10,000)
Decrease in equipment (4-year life) ......................... 10,000 Cr.
$ 0
SA-10
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SA2—Exercises
EXERCISE SA2-5
Entry:
Cash......................................................................... 230,000
Investment in Aluma-Boat Company.................. 216,500
Realized Gain on Sale of Investment ................. 13,500
SA-11
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SA2—Problems
PROBLEMS
PROBLEM SA-1
20X6 Entries:
Cash ($10,000 × 25%) ............................................................... 2,500
Investment in Fink ($11,500 – $2,500 dividends) ...................... 9,000
Investment Income ............................................................... 11,500
SA-12
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SA2—Problems
20X7 Entries:
Cash ($10,000 × 25%) ............................................................... 2,500
Investment in Fink ($11,875 – $2,500 dividends) ...................... 9,375
Investment Income ............................................................... 11,875
20X8 Entries:
Cash ($10,000 × 25%) ............................................................... 2,500
Investment in Fink ($15,687 – $2,500 dividends) ...................... 13,187
Investment Income ............................................................... 15,687
SA-13
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SA2—Problems
PROBLEM SA2-2
SA-14
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SA2—Problems
SA-15
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SA2—Problems
SA-16