conselidated bal wnce shect ai of Jeruary 2,20kg ? *. 51,580,000 b. 31,064,000 6. $1,200,000 d. 51,216,000 was 540,000 , to the consolidated balance sheet after the acquainioe the caib bal unat will be repontd at: a. 590.000 be 5160,000 6. 5110,000 d. 550,600 Q7- On Jawazy 1, 20X8, Zeta Conpayy acquired 85 perteent of Theta Conpany is common percent of the book value of Thes at that date. What portion of the retained eanning reponted mesigned 5 the noncontrolling intarest? 3- Nooe b- 15 pcreet 6- 100 persent o. Cinnot be determised Qa- Coeppany P purchased 70\%, saok in Company 5 on Jan 1, 20081 for 5170,000 . For the Year 20XI, Compasy 5 reportad a net income of 5100,000 and peid fividends of 540,000.AI year-end, itvenuneat account in the books of Compgesy P had a fair market valoe of 5175,000 . Under the fair value method: a. The unsealired loss will be credieed with 525,000 . 6. The unetealired ioss wili be credited with 525,000 6. The uraealszed pain will be credited with 55,000. d. The exaraoedinary loss will be depistd with 525,000 . Q9- Besa Company acquised 100 parcent of the voting coenmon shares of Suandard Video Corporsone its biter mval, by itiaing bondh with a per value and fair valoe of 5150,000 Inancdietly prior to the acquinition, Beta reported rotal aucts of 5500,000 , liablitics of \$2k0,000, and stockholders' equity of 5220,000. At that ditr, Stmdar! Vidco reperted total Sundard liabilitick wa it accouni pay able to Beta in the anount of 520.000, which Beta included in its accourts receivable. Blosd on the precedief information, what amount of total liabeieice was repoctiod in lhe conselidated balance shoet immetianely ather acquatioe? =590000b=5530,000of$2.0000d.$660,000 Q5- On January 3, 20X9, Resding Company acquirtd 80 percent of Eraxet Corporation't common stock for $344,000 at 80% of book value in cash. As the acquanition fite, the book values and fair values of Fraxer's net assets was equal. The stockholders' equity accounts of the twa companies at the acquisition date are: What is the total amount of sockhotder' equity (including the noncontrolling imterest) in the consolidaned balance sheet as of Janaary 1,20K9 ? a- $1,580,000 b. $1,064,000 c. 51,200,000 d- $1,236,000 Q6- Compasy P purchased 70\% stock in Company $ oo Jan 1, 20X1 for $80,000cash. Just Qefore acquisition, the cash balance of P was $150,000 and the cash balaece of Company 5 Was $40,000. In the corsolidated balance shect afer the acquisibion, the caih baliance will be reported at: At- 590,000 b. $160,000 c. 5110,000 d. 550,000 Q7- On January 1, 20x8, Zeta Company acquired 85 percent of Theta Company's common Qtock for $100,000 eash. The fair value of the noncostrolling interest was detcrmined to be 15 percent of the book value of Theta al that date. What portion of the relaised earnings reported in the consolidated balance sheet prepared immediatdy after the basiness combination is assigned to the noncontrolling interest? a- None b. 15 percent c. 100 percent d. Cannot be determined QS-Company P purchased 70% stock in Company S on Jan 1,20XI for $170,000. For the year 20X1. Company S reported a net income of 5100,000 and paid dividends of 540,000 . As year 20X1, Company investment aceodnt in the books of Company P had a fair market value of \$175,000. Under the fair value method: a- The unrealized loss will bo credited with $25,000 b. The untealired loss will be debited with 525,000 . b. The unealiked ioss will be debiced with 525,000 . d- The extacrdinary loss will be debited with $25,000. Q9-Beta Company acquired 100 percent of the voting common shares of Standard Video Qo- Beca Company acquired 100 percent of the voting common shares of $ tandard Vide0 Corporaton, his bither mall, by issaing bonds with a par value and fair value of 5150,000 . $280,000, and stockholders' equity of $220,000. At that date, Slandard Video reported total assets of 5400,000 , liabilities of $250,000, and stockholders' equity of 5150,000 . Included in Standard's liabilities was an aceouat payable to Beta in the amount of $20,000, which Beta Standards hiableded in its accounts receivable. Based on the preceding information, what anound of total incloded in is acceuns receivabic. Based os he preceding infonmation, whas anount of wate a- $500,000 b. $330,000 c- 5280,000 d. 5660,000
