Q51. Haggs wants to make sure that he assumes the proper accounting method when he does his analysis. The acquisition of BC stock will lead to Simpson's total net cash flow equaling which of the following for the year ending December 31, 1999?
A) $−3,190,000.
B) $360,000.
C) $−2,830,000.
Q52. Assume that on the balance sheet date shown below TME Corporation acquires 70% of Abcor, Inc. common stock for $25,000 in cash. Pre-acquisition Balance Sheets
December 31, 2001 | | TME Corp. | Abcor, Inc. | Current assets | $80,000 | $38,000 | Other assets | 28,000 | 15,000 | Total assets | $108,000 | $53,000 | | | | Current liabilities | $60,000 | $32,000 | Common stock | 15,000 | 14,000 | Retained earnings | 33,000 | 7,000 | Total liabilities and equity | $108,000 | $53,000 |
What will be the post-acquisition current ratio, using both the consolidation method and the equity method, respectively, for TME? The choices below represent Consolidation and Equity, respectively. A) 1.01, 0.92.
B) 1.04, 1.11.
C) 1.21, 1.02.
Q53. Using the consolidation method to account for the acquisition, what will be the post-acquisition current assets of TME?
A) $105,000.
B) $93,000.
C) $118,000.
Q54. Using the consolidation method to account for the acquisition, what will be the post-acquisition amount that will be recorded as the minority interest?
A) $14,700.
B) $21,000.
C) $6,300.
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发表于 2009-1-8 10:48
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