Having trouble with the following assignment and could it be pleased be reattached as a PDF and no plagarism without citation please

MGMT E-2600 Homework #9 Due: November 17, 2015 by 11:59pm EST ! ! ! Topic: Fair-Value Method of Accounting 1. Following is a portion of the investments footnote from Snap Chat Inc. 2014 10-K. (in millions) 2014 Amortized cost of available-for-sale securities Gross unrealized gains ! ! ! ! ! ! ! ! ! ! Gross unrealized losses $420,518 10,088 $ 29,987 What amount does Snap Chat report for available-for-sale securities on its 2014 balance sheet? Topic: Dividends 2. Parker Corp. holds a 15% equity investment in Schmidt Inc. Tanner Investments holds 35% of Schmidt Inc. stock. On May 1, 2014, Schmidt Inc. declares and pays dividends to its stockholders. How will the dividend affect each company's balance sheet account: Schmidt Inc. investment? ! ! ! ! For Example: Increase, Decrease, No Effect And Explain your rationale. Parker Corp. ! ! ! ! ! ! ! Tanner Investments ! Topic: Trading Securities - Financial Statements Effects Template 3. Record the following transactions of HES Inc. in the financial statements effects template below. ! ! 1) Purchased 2,800 shares of JT Marlin Corp. common stock for $25 per share. These securities are publicly traded and HES classifies them as trading securities. 2) Received a cash dividend of $2 per share from JT Marlin. 3) Year-end market price of JT Marlin common stock is $19 per share. 4) Sold 1,200 shares for $16 per share, the closing price for the day. Income Statement Balance Sheet Transaction Cash Asset + Noncash Assets = Liabilities + Contrib. Capital + Earned Capital Revenues - Expen -ses = 1) - = 2) = - = 3) = - = 4) ! ! ! ! ! ! ! ! = = - Net Incom e = Topic: Consolidation - Calculating Goodwill 4. Gezotis Bank and Trust and First Gandevani Bank merge on January 1, 2014. Before the merger transaction, the balance sheets of the two companies are as follows: ! (in millions) Chicago Bank & Trust First United Bank Assets $2,950 $1,450 Liabilities $1,275 $ 825 Common stock ($1 par value) 150 100 Additional paid-in capital 225 125 1,300 400 $2,950 $1,450 Retained earnings ! Total liabilities and equities Gezotis Bank and Trust issues 75,000 shares of its common stock with a market value of $885 million to the owners of First Gandevani Bank in return for all of their shares of First Gandevani common stock. The assets of First Gandevani have a market value in excess of book value of $29 million. ! The consolidated balance sheet of Gezotis Bank and Trust at January 1, 2014 would report goodwill of: MGMT E-2600 Homework #9 1.Topic fair-value method of accounting Amount in Year 2014 Amortized cost of available-for-sale Add gross unrealized gains less gross unrealized losses Balance sheet amount available for sale millions $420,518 10,088 -29,987 securities $400,619 2.Dividend Column1 Column2 Parker Column3 Tanner Corporation corp investments Effect Increase Increase Both company will report an increase in balance sheet since both of them are subsidiary and entitle to non-controlling interest dividend equivalent to their non-controlling interest. The rationale behind the increase is that it is assumed the corporation will receive cash dividend, which will automatically affect the cash in asset side positively. 3. Trading securities-financial statements effects template Balance sheet Transactio Cash Noncash n asset assets 1 - - Income stateme nt liabiliti es - Capital contribution - Capital Revenu earned es 70000 - Expenses - Net income - 70000 2 5600 3 4 19200 - - $2950+$1450= 4400 Less excess first Gandevani fair value (29) Net asset fair value 4371 Goodwill 885 Goodwill amortization 5600 19200 - - First, combine the total fair value of asset Less asset net asset value 5600 - 19200 53200 4. Consolidation-calculating goodwill market value - (1450) (565) Consolidated balance sheet Total asset 4371 Less goodwill amortization (565) Net asset 3806 MGMT E-2600 Homework #9 1.Topic fair-value method of accounting Amount in Year 2014 Amortized cost of available-for-sale Add gross unrealized gains less gross unrealized losses Balance sheet amount available for sale millions $420,518 10,088 -29,987 securities $400,619 2.Dividend Column1 Column2 Parker Column3 Tanner Corporation corp investments Effect Increase Increase Both company will report an increase in balance sheet since both of them are subsidiary and entitle to non-controlling interest dividend equivalent to their non-controlling interest. The rationale behind the increase is that it is assumed the corporation will receive cash dividend, which will automatically affect the cash in asset side positively. 3. Trading securities-financial statements effects template Balance sheet Transactio Cash Noncash n asset assets 1 - - Income stateme nt liabiliti es - Capital contribution - Capital Revenu earned es 70000 - Expenses - Net income - 70000 2 5600 3 4 19200 - - $2950+$1450= 4400 Less excess first Gandevani fair value (29) Net asset fair value 4371 Goodwill 885 Goodwill amortization 5600 19200 - - First, combine the total fair value of asset Less asset net asset value 5600 - 19200 53200 4. Consolidation-calculating goodwill market value - (1450) (565) Consolidated balance sheet Total asset 4371 Less goodwill amortization (565) Net asset 3806