Reading 21- LOS D(Part 2) ～ Q36－41

答案和详解如下：

36．Prior to 2007, company X had never made any acquisitions of other companies. However, on January 2, 2007, it went on a buying spree, purchasing 10 percent of company A for $10,000; 30 percent of company B for $20,000; 40 percent of company C for $80,000; and 70 percent of company D for $168,000. None of the securities are publicly traded in an active secondary market.

Below are the balance sheets for the five companies (in thousands) just prior to the purchase.

During 2007, the companies generated the following sales, income, and dividends:

The company accounts for the acquisitions based on typical ownership proportion guidelines.

After the acquisitions, the other assets reported by company X will be:

A)  $1,878,000.

B)  $2,260,000.

C)  $2,070,000.

D)  $1,962,000.

The correct answer was C)

Company X will treat the acquisition of company A using the cost method, the acquisitions of companies B and C using the equity method, and the acquisition of company D using the consolidation method. The investments in companies A, B, and C, will be reported, while company D's financial statements will be consolidated with company X. The other asset balance will be the starting balance plus the investments in companies A, B, and C, plus the other asset amount for company D, which equals 1,600,000 + 10,000 + 20,000 + 80,000 + 360,000 = 2,070,000.

37．After the acquisitions, the liabilities, not including minority interest, reported by company X will be:

A)  $300,000.

B)  $408,000.

C)  $460,000.

D)  $480,000.

The correct answer was C)

Excluding minority interest, liabilities will be equal to the starting balance plus the liability balance for company D, which equals 300,000 + 160,000 = 460,000.

38．After the acquisitions, minority interest reported by company X will be:

A)  $72,000.

B)  $0.

C)  $168,000.

D)  $180,000.

The correct answer was A)

Minority interest will be equal to the proportion not owned of company D multiplied by the equity of company D, which is (1 − 0.7) × 240,000 = 72,000.

39．Company X will report revenue for 2007 of:

A)  $2,400,000.

B)  $2,000,000.

C)  $2,700,000.

D)  $2,280,000.

The correct answer was A)

Revenues will equal the revenue of company X and D, which is 2,000,000 + 400,000.

40．Company X will report income for 2007 of:

A)  $246,400.

B)  $247,000.

C)  $258,400.

D)  $259,000.

The correct answer was A)      

Income will equal the income of X, plus 10 percent of the dividends for A, plus 30 percent of the income of B, plus 40 percent of the income of C, plus the income of D less the minority interest, which is 200,000 + (0.1 × 4,000) + (0.3 × 20,000) + (0.4 × 30,000) + (40,000) − (0.3 × 40,000) = 246,400.

41．The change in the investment account (the account that reflects all non-consolidated investments in other companies) between January 3 and December 31 is:

A)  $11,400.

B)  $27,600.

C)  $28,200.

D)  $10,800.

The correct answer was D)

The investment account will not change for company A, and there is no investment account for company D. The investment account will increase from the proportionate income of companies B and C, and will decrease from the dividends received from companies B and C. The changes will be (0.3 × 20,000 + (0.4 × 30,000) − (0.3 × 8,000) − (0.4 × 12,000) = 10,800.