Review of pre-consolidation cost method (controlling investment in affiliate, fair value equals book value) Assume an investee has the following financial statement information for the three years ending December 31,2022 : Assime that on jaruacy 1, 3020. an investor compary purchased took of the outstanding voting common stock of the investee. Gn the date of the acmuisition, the inesteet ideritilable linancial atutements of the investor company. Assuming that the irvesor compary uses the cost method to account for its investinent in the invertee what is the bilance in the "Triventrent in inversect acrount in the investor company's pre-corsolidation balance sheet on December 31 , 202z? Assume an investee has the following financial statement information \begin{tabular}{|l|r|r|r|} \hline Common stock & 64,000 & 64,000 & 64,000 \\ \hline Additional paid-in capital & 64,000 & 64,000 & 64,000 \\ \hline Retained earnings & 256,000 & 220,800 & 192,000 \\ \hline Stockholders' equity & 384,000 & 348,800 & 320,000 \\ \hline Total liabilities and equity & $631,200 & $574,400 & $524,800 \\ \hline \hline \end{tabular} \begin{tabular}{|l|r|r|c|} \hline (For the years ended December 31) & 2022 & 2021 & 2020 \\ \hline Revenues & $620,800 & $588,800 & $544,000 \\ \hline Expenses & 560,000 & 537,600 & 496,000 \\ \hline Net income & $60,800 & $51,200 & $48,000 \\ \hline Dividends & $25,600 & $22,400 & $16,000 \\ \hline \hline \end{tabular} Assume that on January 1,2020 , an investor company purchased 100 net assets had fair values that approximated their historical book val financial statements of the investor company. Assuming that the inve "investment in investee" account in the investor company's pre-consc $632,000$288,000$384,000$320,000 estor company purchased 100% of the outstanding voting common stock of the investee. On the da nated their historical book values. In addition, the acquisition resulted in no goodwill or bargain purc mpany. Assuming that the investor company uses the cost method to account for its investment in investor company's pre-consolidation balance sheet on December 31, 2022? outstanding voting common stock of the investee. On the date of the acquisition, the investee's identiflable ddition, the acquisition resulted in no goodwill or bargain purchase gain recognized in the consolidated npany uses the cost method to account for its investment in the investee, what is the balance in the balance sheet on December 31, 2022? Review of pre-consolidation cost method (controlling investment in affiliate, fair value equals book value) Assume an investee has the following financial statement information for the three years ending December 31,2022 : Assime that on jaruacy 1, 3020. an investor compary purchased took of the outstanding voting common stock of the investee. Gn the date of the acmuisition, the inesteet ideritilable linancial atutements of the investor company. Assuming that the irvesor compary uses the cost method to account for its investinent in the invertee what is the bilance in the "Triventrent in inversect acrount in the investor company's pre-corsolidation balance sheet on December 31 , 202z? Assume an investee has the following financial statement information \begin{tabular}{|l|r|r|r|} \hline Common stock & 64,000 & 64,000 & 64,000 \\ \hline Additional paid-in capital & 64,000 & 64,000 & 64,000 \\ \hline Retained earnings & 256,000 & 220,800 & 192,000 \\ \hline Stockholders' equity & 384,000 & 348,800 & 320,000 \\ \hline Total liabilities and equity & $631,200 & $574,400 & $524,800 \\ \hline \hline \end{tabular} \begin{tabular}{|l|r|r|c|} \hline (For the years ended December 31) & 2022 & 2021 & 2020 \\ \hline Revenues & $620,800 & $588,800 & $544,000 \\ \hline Expenses & 560,000 & 537,600 & 496,000 \\ \hline Net income & $60,800 & $51,200 & $48,000 \\ \hline Dividends & $25,600 & $22,400 & $16,000 \\ \hline \hline \end{tabular} Assume that on January 1,2020 , an investor company purchased 100 net assets had fair values that approximated their historical book val financial statements of the investor company. Assuming that the inve "investment in investee" account in the investor company's pre-consc $632,000$288,000$384,000$320,000 estor company purchased 100% of the outstanding voting common stock of the investee. On the da nated their historical book values. In addition, the acquisition resulted in no goodwill or bargain purc mpany. Assuming that the investor company uses the cost method to account for its investment in investor company's pre-consolidation balance sheet on December 31, 2022? outstanding voting common stock of the investee. On the date of the acquisition, the investee's identiflable ddition, the acquisition resulted in no goodwill or bargain purchase gain recognized in the consolidated npany uses the cost method to account for its investment in the investee, what is the balance in the balance sheet on December 31, 2022
