答案和详解如下： Q28. Company X will report income for 2007 of: A) $246,400. B) $247,000. C) $258,400. Correct answer is A) Income will equal the income of X, plus 10% of the dividends for A, plus 30% of the income of B, plus 40% 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. Q29. 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) $27,600. B) $10,800. C) $11,400. Correct answer is B) 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. Q30. The Anderson Company acquired 100,000 shares of the Birschbach Company on January 1, 2000, at $25 per share. The market price of a share of Birschbach stock on December 31, 2000, was $35 per share. During 2000, Birschbach paid dividends of $1.50 per share and had earnings of $2.50 per share. If Anderson Company accounts for the Birschbach Company shares using the equity method, the carrying amount of these shares on Anderson's balance sheet at the end of 2000 is:
A) $2.5 million. B) $3.5 million. C) $2.6 million. Correct answer is C) Under the equity method market value is ignored so the carrying value of the shares is the original investment + proportional share of earnings − dividend received.
[(100,000)($25)] + [(100,000)($2.50 − 1.50)] = $2,600,000 Q31. For the year 2000, the investment income that Anderson Company reports on its investment in Birschbach Company shares, assuming it accounts for the shares as an available-for-sale investment, is:
A) $150,000. B) $250,000. C) $100,000. Correct answer is A) Under the available-for-sale accounting method unrealized gains and losses are not recognized on the income statement so the only impact on the income statement is the dividend received: (100,000 shares)($1.50 per share) = $150,000 | 
发表于 2009-1-8 10:28
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