ACCT 549 Help Bcome Exceptional / snaptutorial.com

1
ACCT 549
www.snaptutorial.com
THE BEST COURSES / TUTORIALS FOR EDUCATION
ACCT 549 Help Bcome Exceptional
2
ACCT 549 Help Bcome Exceptional /
snaptutorial.com
ACCT 549 Week 1 Homework
1-28 Hobson acquires 40 percent of the
outstanding voting stock of Stokes Company on
January 1, 2012, for 210,000 in cash. The book
value of Stokess net assets on that date was
400,000, although one of the companys
buildings, with a 60,000 carrying value, was
actually worth 100,000. This building had a
10-year remaining life. Stokes owned a royalty
agreement with a 20-year remaining life that was
undervalued by 85,000. Stokes sold inventory
with an original cost of 60,000 to Hobson during
2012 at a price of 90,000.
3
ACCT 549 Help Bcome Exceptional /
snaptutorial.com
ACCT 549 Week 5 Homework Problems
Problem 5-19   a) What is the noncontrolling
interest's share of Rockne's 2013 income?   b)
Prepare Doone's 2013 consolidation entries
required by the intra-entity inventory
transfers.   Problem 5-35
4
ACCT 549 Help Bcome Exceptional /
snaptutorial.com
ACCT 549 Week 6 Homework Problems
P9-28 Bartlett Company, headquartered in
Cincinnati, OH has occasional transactions with
companies in a foreign country whose currency is
the lira. Prepare journal entries for the
following transactions in US dollars. Also
prepare any necessay adjusting entries at
December 31 caused by fluctuations in the value
of the lira. Assume that the company uses a
perpetual inventory system. Transactions in
2013 01.???? Bought equipment for 40,000 lira on
credit.
5
ACCT 549
www.snaptutorial.com
THE BEST COURSES / TUTORIALS FOR EDUCATION
ACCT 549 Help Bcome Exceptional
You can find many more Tutorials /
Courses www.snaptutorial.com