10- Fizer Pharmaceutical paid $68 million on January 2, 2013, for 4 million shares of Carne Cosmetics common stock. The investment represents a 25% interest in the net assets of Carne and gave Fizer the ability to exercise significant influence over Carne's operations. Fizer received dividends of $1 per share on December 21, 2013, and Carne reported net income of $40 million for the year ended December 31, 2013. The fair value of Carne's common stock at December 31 2013, was $18.50 per share. On the purchase date, the book value of Carne's net assets was $192 million and the fair value of Carne's depreciable assets exceeded their book value by $32 million. These assets had an average remaining useful life of eight years. The remainder of the excess of the cost of the investment over the book value of net assets purchased was attributable to goodwill. The Fair Value of the investee's net assets is a. $160 Million b. $192 Million c. $254 Million d. None of the above

11- Refer to the facts in question 10. The amount attributed to goodwill regarding Fizer's investment is: a. $8 Million b.$12 Million c. $20 Million d. $32 Million

12. Refer to the facts in question 10. Which of the following amounts represent the total under valuation of assets to be depreciated by the investor? a. $8 Million b. $12 Million C. $20 Million d. $32 Million

13. Refer to the facts in question 10. How much will the investor report as Investment Revenue as a result of this investment in 2013? a. $4 Million b. $9 Million c. $10 Million d. $14 Million

14. Refer to the facts in question 10. What would be the balance of the investment account in Fizer's balance sheet at the end of 2013? a. $68 Million b. $73 Million c. $74 Million d. $80 Million

Please show the calculations!