Homework: Chapter 16 Homework Save 2 of 9 17 complete) HW Score: 41.36%, 37.22 of 90 pts Score: 0.32 of 10 pts KE16-4 (similar to) i Data Table Question Help - X Shar Hunting Equipment Corporation acquired the following equity investments at the beginning of Year 1. Hunting bes not have significant influence over the investees. Bot companies are publicy traded. 1 and 2) Tuell Weber Click the icon to view the equity investments. Read Company Group Requirement a. Prepare the journal entry to record the acquisition of the investirerits. (Prepare a single compound entry. Record disbits Fair Value End of year 1 End of year 2 ritries. S S 19 Acquisition Account Equity Investments - Cout Cash 1,250,120 Print Done 1,250, 120 i Data Table Requirement b. Prepare the journal entry to record the end of Year 1 fair value adjustment. Prepare a single compound entry. Record debits first, then December 31, Year 1 Account Fair Value Adjustment-Equity Investment Tuell Company Description Number of shares 10.580 Weber Group 8,435 3 an $ 742.280 $ Markel eie per share Share ausilk tics $ 507.840 Print Done Choose from any list or unter any number in the input fields and then click Check Answer ? 2 parts Clear All Check Answer remaining Homework: Chapter 16 Homework Save 2 of 9 17 complete) HW Score: 41.36%, 37.22 of 90 pts Score: 0.32 of 10 pts KE16-4 (similar to) i Data Table Question Help - X Shar Hunting Equipment Corporation acquired the following equity investments at the beginning of Year 1. Hunting bes not have significant influence over the investees. Bot companies are publicy traded. 1 and 2) Tuell Weber Click the icon to view the equity investments. Read Company Group Requirement a. Prepare the journal entry to record the acquisition of the investirerits. (Prepare a single compound entry. Record disbits Fair Value End of year 1 End of year 2 ritries. S S 19 Acquisition Account Equity Investments - Cout Cash 1,250,120 Print Done 1,250, 120 i Data Table Requirement b. Prepare the journal entry to record the end of Year 1 fair value adjustment. Prepare a single compound entry. Record debits first, then December 31, Year 1 Account Fair Value Adjustment-Equity Investment Tuell Company Description Number of shares 10.580 Weber Group 8,435 3 an $ 742.280 $ Markel eie per share Share ausilk tics $ 507.840 Print Done Choose from any list or unter any number in the input fields and then click Check Answer ? 2 parts Clear All Check Answer remaining
