Hi there,

Case study (Accounting questions) solution required for questions e, i and j only regarding Chicago Corpration Case at chapter 17, the case no is 10p in (Financial Accounting Book (14th Edition). i was able to find the case but there is no answers! I have attached the financials as PDF also here is the link to the case, it includes all financial statements you need, your help is highly appreciated.

here is the link to the case in Chegg websit

http://www.chegg.com/homework-help/comprehensive-review-problem-exhibits-1711-1712-present-part-chapter-17-problem-10p-solution-9781111823450-exc

the case from this book (Financial Accounting Book (14th Edition)

here is the link to the book the case from:

http://www.chegg.com/textbooks/financial-accounting-14th-edition-9781111823450-1111823456?trackid=51e6b63a&strackid=29013c2d&ii=1

Dividend declared by Chicago Finance Corporation in 2013 is $1,800,000.

Dividend declared by Rosenwald Company in 2013 is $125,000.

Dividend declared by Hutchinson Company in 2013 is $75,000.

The dividends declared by these companies are recorded in Consolidated statement of income as Revenue from Equity in earnings of affiliates. So, we knew from this amount of dividend declared by each company.

all financial statements are available below along with the questions:

:

increase or decrease eeel ic l d. Chicago Corporation accounts for its three intercorporate investments in unconsol- idated affiliates using the equity method. The acquisition cost of these investments equaled both the carrying value and the fair value of the assets and liabilities of the investees at the time of acon. How much did each of these three companies declare in dividends during 2013? How can you tell? Refer to part d. Give the journal entry (entries) made during 2013 to apply the equity e. method f. Chicago Corporation acquired its only building on January 1, 2012. It estimated the building to have a 40-year useful life and zero salvage value at that time. Calculate the amount of depreciation expense on this building for 2013, assuming that the firm uses the straight-line method g. Chicago Corporation sold machin rying value of S200,000, for cash during 2013. Give the journal entry to record t disposition h. The bonds payable carry 6% annual coupons and require the payment of interest on December 31 of each year. Give the journal entry made on December 31, 2013, to rec- ognize interest expense for 2013, assuming that Chicago Corporation uses the effective interest method. Refer to part h. What was the effective or market interest rate on these bonds on the date Chicago Corporation issued them? Explain The $170,000 deferred portion of income tax expense for 2013 includes $150,000 relat- ing to the use of different depreciation methods for financial and tax reporting. If the income tax rate was 30%, calculate the difference between the depreciation deduc- tion reported on the tax return and the depreciation expense reported on the income statement i. j