Accounting
goodjob
rs_advanced_qs.xlsxHeinreich
| Heinreich Co | |
| Purchase Price | $500,000 |
| Share | 24% |
| Book and Fair Value of Assets | $1,800,000 |
| Net Loss | $60,000 |
| Dividends Paid | $100,000 |
| 1) | |
| Purchase Price | |
| Net Book Value | |
| Goodwill | |
| 2) | |
| Investment in Jones Corp.: | |
| Acquisition Price | |
| Equity Loss Accrual | |
| Dividends | |
| Balance at Dec. 20x1 |
Nathan
| Nathan Inc | ||
| Inventory | $180,000 | |
| Sales Price | $250,000 | |
| Merchandise Resold | $108,000 | |
| Ownership | 25% | |
| Ending Inventory | ||
| Gross Profit Markup | ||
| Unrealized Gain | ||
| Ownership % | ||
| Nathan's Share of Unrealized Gain | ||
| Equity Income - Investment in Miller Co | 0 | |
| Investment in Miller | 0 |
Jasper
| Jasper Inc | |
| Ownership | 30% |
| Annual Amortization | $11,000 |
| Kinson Earnings | $100,000 |
| Dividends | $40,000 |
| Inventory Acquired | $62,400 |
| Sales Proceeds | $96,000 |
| Transfer Price | $50,000 |
| 1) | |
| Remaining Inventory - End of the Year | |
| Gross Profit % | |
| Profit with Remaining Inventory | |
| Ownership % | |
| Intra-entity Unrealized Profit | |
| 2) | |
| Equity Income Accrual | |
| Deferral of Intra-entity Unrealized Profit | |
| Amortization | |
| Equity in Investee Income |
Jobe
| Jobe |
| 1) |
| Investment in Lake Corp. |
| Common Stock (par value) |
| Paid-in Capital |
| 2) |
| Professional Fee Expense |
| Paid-in Capital |
| Cash |
| 3) |
| Jobe's Revenues |
| Jobe's Expenses |
| Consolidated Net Income |
| 4) |
| Jobe's Additional Paid-in Capital |
| Additional Paid-in Capital Arising from Acquisition |
| Less: Stock Issuance Costs |
| Consolidated Additional Paid-in Capital |
Metzger
| Metzger |
| 1) |
| Investment in Ortiz Corp. |
| Common Stock (par value) |
| Paid-in Capital |
| 2) |
| Professional Fee Expense |
| Paid-in Capital |
| Cash |
| 3) |
| Metzger's Revenues |
| Metzger's Expenses |
| Consolidated Net Income |
| 4) |
| Metzger's Additional Paid-in Capital |
| Additional Paid-in Capital Arising from Acquisition |
| Less: Stock Issuance Costs |
| Consolidated Additional Paid-in Capital |
