Moving to another question will save this response Question 1 ABC company acquires significant influence over XYZ company by purchasing 25% of the common stock of the XYZ company for 100.000.XYZ 0.00 and her from XYZ Dr Investment in XYZ company stock $15,000 Cr Income from XYZ $15,000 Dr Investment in XYZ company stock $12.000 Cr Income from XYZ S12.000 O Dr Investment in XYZ company stock $60,000; Or income from XYZ 800,000 None of the above Moving to another question will save this response. MacBook Air Moving to another question will save me Question 3 ABC company is significant influence over XYZ company ty purchasing 25% of the common stuk of XYZ.corcany to 3100,000 XYZ w room et secundum D Dividend Receivable $4,000 Crimestment in XYZ company stock $4,000 O D Dividend Receivable $5,000. Investment in XYZ company stock $5,000 Dr Dividend Receivable $20,000 Cr Investment in XYZ. company stock $20,000 None of the above Moving to another question will save this response MacBook Air Moving to another question will have this response Question 4 Under the equity method, a subsidiary's dividend would NOT be eliminated in consolidation be the parent's income from investment O decrease the parent's Investment account increase the parent's investment account A Moving to another question will save this response. MacBook Air BO Moving to another question will save this response Question 5 Under the equity method, a subsidiary's losses would never reduce the parent's income normally reduce the parent's income always be eliminated in consolidation None of the above L A Moving to another question will save this response MacBook Air So Question 7 ABC company acquires significant influence over XYZ company by purchaning 25% of the common stock of the XY 2 company for $100.000.XYZ cams income of 60,000 purchase of XYZ company stock Dr Investment in XYZ company stock $100,000 Cr Cash $100,000 O Cr Investment in XYZ company stock $100,000; Dr Cash $100,000 Dr Investment in XYZ company stock $75,000; Cr Cash $75,000 Cr Investment in XYZ company stock $90,000; Cr Cash $90,000 A Moving to another question will save this response. MacBook Air Moving to another question will have this response Question 8 If company purchases 47% of the outstanding common stock of company D, the investment in company should be accounted for as an available for sale investment O as a consolidated subsidiary as a trading investment O as an equity method investment 4 4 Moving to another question will save this response. Moving to another question will save this response Question 1 ABC company acquires significant influence over XYZ company by purchasing 25% of the common stock of the XYZ company for 100.000.XYZ 0.00 and her from XYZ Dr Investment in XYZ company stock $15,000 Cr Income from XYZ $15,000 Dr Investment in XYZ company stock $12.000 Cr Income from XYZ S12.000 O Dr Investment in XYZ company stock $60,000; Or income from XYZ 800,000 None of the above Moving to another question will save this response. MacBook Air Moving to another question will save me Question 3 ABC company is significant influence over XYZ company ty purchasing 25% of the common stuk of XYZ.corcany to 3100,000 XYZ w room et secundum D Dividend Receivable $4,000 Crimestment in XYZ company stock $4,000 O D Dividend Receivable $5,000. Investment in XYZ company stock $5,000 Dr Dividend Receivable $20,000 Cr Investment in XYZ. company stock $20,000 None of the above Moving to another question will save this response MacBook Air Moving to another question will have this response Question 4 Under the equity method, a subsidiary's dividend would NOT be eliminated in consolidation be the parent's income from investment O decrease the parent's Investment account increase the parent's investment account A Moving to another question will save this response. MacBook Air BO Moving to another question will save this response Question 5 Under the equity method, a subsidiary's losses would never reduce the parent's income normally reduce the parent's income always be eliminated in consolidation None of the above L A Moving to another question will save this response MacBook Air So Question 7 ABC company acquires significant influence over XYZ company by purchaning 25% of the common stock of the XY 2 company for $100.000.XYZ cams income of 60,000 purchase of XYZ company stock Dr Investment in XYZ company stock $100,000 Cr Cash $100,000 O Cr Investment in XYZ company stock $100,000; Dr Cash $100,000 Dr Investment in XYZ company stock $75,000; Cr Cash $75,000 Cr Investment in XYZ company stock $90,000; Cr Cash $90,000 A Moving to another question will save this response. MacBook Air Moving to another question will have this response Question 8 If company purchases 47% of the outstanding common stock of company D, the investment in company should be accounted for as an available for sale investment O as a consolidated subsidiary as a trading investment O as an equity method investment 4 4 Moving to another question will save this response
