高级财务会计作业.doc

27(a)2011 Payment by investor 7,475Percentage of book value acquired(100000+20000*3/4-8000*3/4)*5%) 5,450 Intangible assets 2,025Amortization of 2011(2025/15*3/12) 33.752012 Payment by investor 14900Percentage of book value acquired(112000+(30000-16000)*1/2)*10%) 11900 Intangible assets 3000Amortization of 2011(2025/15+3000/15*1/2) 2352013 Payment by investor 34200Percentage of book value acquired(126000+24000-9000)*20%) 28200 Intangible assets 6000Amortization of 2011(2025/15+3000/15) 335Year Total equity addition Amortization of the year Equity income2011 250(1) 33.75 216.252012 3000(2) 235 27652013 3600 335 3265(1)=20000*5%*3/12(2)=30000*5%*6/12+30000*15%*6/12(b)Investment in BARKER=Total purchase price (7,475+14,900+34,200) 56,575 +Equity income (216.25+2,765+3,265) 6,246.25,-dividends received (8,000*5%*1/4+16,000*1/2*(5%+15%)+9,000*15%) (3,050)Investment in Barker on a balance sheet = 59,771.25 312011,/1/1Available-for-Sale-securities(cost) 192,000 Cash . 192,0002011/9/15Cash . 8,000 Dividend income . 8,0002012/9/15Cash . 8,000 Dividend income . 8,0002013/1/1Investment in Sumter . 1,157,750 Available-for-Sale-securities(cost) 192,000 Cash . 965,750Year Equity in investee income Income Reported from Dividends Retrospective Adjustment2011 24,000 8,000 16,0002012 28,800 8,000 20,800Total adjustment to Retained Earnings 36,800 Investment in Sumter 36,800 Retained Earnings-Prior Period Adjustment-Equity in investee income . 36,8002013/12/31Cash . 40,000 Investment in Sumter . 40,000Investment in Sumter . 160,000 Equity in investee income . 160,000Equity in investee income . 3,370 Investment in Sumter . 3,370(Amortization of the patent)2014/7/1Investment in Sumter . 76,000 Equity in investee income . 76,000(380,000*40%*1/2)Equity in investee income . 1,685 Investment in Sumter . 1,685(Amortization of the patent)Investment in Sumter at 2014/7/1=Total purchase price (192.000+965,750) 1,157,750 + Retrospective Adjustment 36,800+Total Equity income (160,000+76,000) 236,000-Dividends (40,000) -Amortization (3,370+1,685) (5,055)=1,385,495Cost of selling=1,385,495*25%=346,374Cash . 425,000 Investment in Sumter . 346,374 Gain on sale investment . 78,626 2014/9/1Cash . 30,000 Investment in Sumter . 30,000Investment in Sumter . 57,000 Equity in investee income .