Obtain Yahoos 2014 Annual Report online. Review the financial statements and the notes to the financial statements.

List the types of investments held by Yahoo (Trading securities, available-for-sale, equity-method investees, subsidiaries).

Assume Yahoo has only one investee in which it holds 45% ownership. Based on the basic financial statements, how much was the investees net income (loss) for 2014

Assume Yahoo has a 25% owned investee and it intends to hold the investment indefinitely. Also assume that the investee paid Yahoo $8M in dividends and Yahoo recorded the following journal entry:

Cash $8M Dividend Income $8M

What would be the effect on the following items on Yahoos financials (overstated, understated, or no effect):

Circle one:

a) Cash OS US NE

b) Net Income OS US NE

c) Total Assets OS US NE

d) Contributed Capital OS US NE

What is the total fair value of Yahoos available-for-sale securities at year-end 2014?

Prepare the journal entry to record Yahoos share of earnings for fiscal year 2015 of its investees over which it has significant influence.

Assume Yahoo has one subsidiary that is 70% owned. How much is the total stockholders equity of Yahoos subsidiary at year-end 2014?

Yahoo has several available-for-sale securities, one category being corporate equity securities. Prepare the journal entry to record the change in fair value of Yahoos corporate equity securities from fiscal year 2013 to 2014.