Question
HI please answer in entirety. Including B/S I/S at the end. 4. Y acquired 25% of the voting stock of B for $40M. In year
HI please answer in entirety. Including B/S I/S at the end.
4. Y acquired 25% of the voting stock of B for $40M. In year 1, B had net income of $28M and dividends of $16M. Use the Market method AND the equity method. Show entries, B/S, I/S, SCF.
5. Goodwill. M bot 100% of Z for $570 on January 1. Z had the following: Current Assets, 90; Fixed Assets, 220; Liabilities, $240; Equity, $70. Compute Goodwill. (ignore for now)
6. Comcast bought NBCU in the middle of 2010. What challenges does that present for the 2010 10-K? Provide a short explanation of how you think those challenges should be resolved.
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