Q28. Company X will report income for 2007 of: A) $246,400. B) $247,000. C) $258,400.
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.
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.
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.
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发表于 2009-1-8 10:28
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