| g) Financial statement Are O O file ///C:/Users/lazmin/Desktop/Tax/Financial%20Statement%20Analysis%20and%20 aluation%205th%20-9620(8).pdf 4. Year-end market price of Leftwich common stock is $19 per share. LO2 E9-35. Interpreting Equity Method Investment Footnotes Ford Motor Company includes the following table in its 2015 Form 10-K. The table reports the own- ership percentages and carrying value of equity method investments (in millions, except percentages). FORD MOTOR COMPANY Percentage Investment Balance Automotive Sector 31, 2015 31, 2015 31, 2014 Changan Ford Automobile Corporation, Limited Jiangling Motors Corporation, Limited. AutoAlliance (Thailand) Co., Ltd Ford Otomotiv Sanayi Anonim Sirketi Getrag Ford Transmissions GmbH. Changan Ford Mazda Engine Company, Ltd. OEConnection LLC 50.0% $1.307 $1.301 32.0 636 604 50.0 429 428 1.0 352 386 50.0 182 232 25.0 77 69 50.0 36 35 97.7 30 26 Module 91 Intercorporate Entities 9-46 Percentage Investment Balance 11:27 PM O Type here to search w | g) Financial statement Are 0 (- O n%205th%20-9620(8).pdf file:///C/Users/lazmin/Desktop/Tax/Fin Module 91 Intercorporate Entities 9-46 Percentage Investment Balance Automotive Sector 31, 2015 20.098 49.9 89 33.355 10.043 50.042 25.033 6.8-86 25.0-8 49.0-2 49.0 0.3- 31, 2015 31, 2014 Thirdware Solutions Limited Automotive Fuel Cell Cooperation Corporation U.S. Council for Automotive Research LLC Chongqing ANTE Trading Co., Ltd Crash Avoidance Metrics Partnership LLC Blue Diamond Parts, LLC Nemak, S.A.B. de C.V. (Note 22) Blue Diamond Truck, S. de R.L. de C.V (Note 22) Ford Malaysia Sdn. Bhd. ZF Transmission Tech, LLC Zebra Imaging, Inc. Total Automotive sector $3,091 S3216 a.What does Ford report on its balance sheet at December 31, 2015, for its Automotive Sector invest- ment in equity method affiliates? Does this reflect the adjusted cost or fair value of Ford's interest in these companies? 2015. Explain. this might be the case. b.Determine the total stockholders' equity of the Changan Ford Mazda Engine Company at the end of Ford owns 97.7% of DealerDirect LLC yet this investment was not consolidated. Speculate on why d.Assume Jiangling Motors paid no dividends in 2015. Determine Jiangling's net income for the year. e.Explain why Ford has so many equity-method investments. 11:27 PM t40 4/22/2019 O Type here to search w | g) Financial statement Are O O file ///C:/Users/lazmin/Desktop/Tax/Financial%20Statement%20Analysis%20and%20 aluation%205th%20-9620(8).pdf 4. Year-end market price of Leftwich common stock is $19 per share. LO2 E9-35. Interpreting Equity Method Investment Footnotes Ford Motor Company includes the following table in its 2015 Form 10-K. The table reports the own- ership percentages and carrying value of equity method investments (in millions, except percentages). FORD MOTOR COMPANY Percentage Investment Balance Automotive Sector 31, 2015 31, 2015 31, 2014 Changan Ford Automobile Corporation, Limited Jiangling Motors Corporation, Limited. AutoAlliance (Thailand) Co., Ltd Ford Otomotiv Sanayi Anonim Sirketi Getrag Ford Transmissions GmbH. Changan Ford Mazda Engine Company, Ltd. OEConnection LLC 50.0% $1.307 $1.301 32.0 636 604 50.0 429 428 1.0 352 386 50.0 182 232 25.0 77 69 50.0 36 35 97.7 30 26 Module 91 Intercorporate Entities 9-46 Percentage Investment Balance 11:27 PM O Type here to search w | g) Financial statement Are 0 (- O n%205th%20-9620(8).pdf file:///C/Users/lazmin/Desktop/Tax/Fin Module 91 Intercorporate Entities 9-46 Percentage Investment Balance Automotive Sector 31, 2015 20.098 49.9 89 33.355 10.043 50.042 25.033 6.8-86 25.0-8 49.0-2 49.0 0.3- 31, 2015 31, 2014 Thirdware Solutions Limited Automotive Fuel Cell Cooperation Corporation U.S. Council for Automotive Research LLC Chongqing ANTE Trading Co., Ltd Crash Avoidance Metrics Partnership LLC Blue Diamond Parts, LLC Nemak, S.A.B. de C.V. (Note 22) Blue Diamond Truck, S. de R.L. de C.V (Note 22) Ford Malaysia Sdn. Bhd. ZF Transmission Tech, LLC Zebra Imaging, Inc. Total Automotive sector $3,091 S3216 a.What does Ford report on its balance sheet at December 31, 2015, for its Automotive Sector invest- ment in equity method affiliates? Does this reflect the adjusted cost or fair value of Ford's interest in these companies? 2015. Explain. this might be the case. b.Determine the total stockholders' equity of the Changan Ford Mazda Engine Company at the end of Ford owns 97.7% of DealerDirect LLC yet this investment was not consolidated. Speculate on why d.Assume Jiangling Motors paid no dividends in 2015. Determine Jiangling's net income for the year. e.Explain why Ford has so many equity-method investments. 11:27 PM t40 4/22/2019 O Type here to search w
