西方财务会计课后答案(第十四章)

1、皑CHAPTER柏 13熬Investm澳ents阿ASSIGNM艾ENT CLA斑SSIFICA鞍TION TA芭BLEBriefAB颁Study O蔼bjectiv稗es按Questio把ns班Exercis伴es叭Exercis敖es班Problem盎s埃Problem胺s盎1. Disc傲uss why唉 corpor扮a-邦tions i奥nvest i碍n debt 懊and鞍stock s懊ecuriti扮es.1按2. Expl翱ain the癌 accoun蔼ting2, 3, 4111A, 2A1B, 2B氨for deb扒t inves版tments.搬3. Expl凹a

2、in the拌 accoun背ting佰for sto靶ck inve矮stments瓣.蔼5, 6, 7坝, 8,9, 102, 3蔼2, 3, 4班, 5霸2A, 3A,般 4A,5A罢2B, 3B,唉 4B,5B蔼4. Desc办ribe th翱e use o鞍f挨consoli摆dated f耙inancia拜l爸stateme扮nts.11笆5. Indi艾cate ho扒w debt 罢and啊stock i捌nvestme疤nts are搬12, 13,矮 14,白15, 16,翱 17,矮4, 5, 6哀, 7,86, 7, 8佰1A, 2A,岸 3A,5A, 6A笆1B, 2

3、B,柏 3B,5B, 6B靶valued 拜and rep爱orted o案n隘the fin懊ancial 哎stateme八nts.18澳6. Dist熬inguish瓣 betwee颁n195, 7, 86, 7, 8隘1A, 2A,敖 3A,伴1B, 2B,肮 3B,靶short-t蔼erm and捌 long-t按erm巴investm癌ents.5A, 6A5B, 6B白*7. Des般cribe t百he cont癌ent of 昂a9, 109, 107A7B白work sh按eet for癌 a cons邦oli-癌dated b哎alance 翱sheet.哀*8. Exp

4、蔼lain th板e form 奥and20, 217A7B盎content柏 of con奥solidat蔼ed fi-坝nancial疤 statem柏ents.熬*白Note:版 All罢 asteri颁sked佰 Questi傲ons, Ex癌ercises耙, and P斑roblems扮 relate碍 to mat熬erial c氨ontaine澳d in th爸e俺appendi把x to th哀e chapt澳er.13-1澳ASSIGNM败ENT CHA暗RACTERI翱STICS T邦ABLEProblem爱Difficu班ltyTimeNumber1A白Descrip敖

5、tion翱Journal埃ize deb捌t inves稗tment t板ransact稗ions an扮d showLevel靶Moderat捌e扮Allotte敖d (min.办)3040阿financi爸al stat柏ement p办resenta拜tion.2A肮Journal哀ize inv暗estment暗 transa哎ctions,奥 prepar鞍e adjus芭ting胺Moderat霸e3040懊entry, 百and sho敖w state瓣ment pr澳esentat鞍ion.3A肮Journal般ize tra隘nsactio唉ns and 版adjusti耙n

6、g entr安y for s半tock般Moderat扮e3040按investm矮ents.4A邦Prepare盎 entrie懊s under唉 the co疤st and 懊equity 安methods盎, andSimple2030坝tabulat耙e diffe瓣rences.5A爸Journal埃ize sto鞍ck inve败stment 搬transac捌tions a稗nd show吧 state-霸Moderat跋e4050佰ment pr扳esentat芭ion.6A*7A岸Prepare半 a bala班nce she唉et.懊Prepare绊 consol般i矮da

7、ted w傲ork she碍et and 蔼balance凹 sheet坝Moderat颁eSimple30403040叭when co摆st exce埃eds boo叭k value熬.1B皑Journal敖ize deb跋t inves皑tment t蔼ransact拔ions an肮d show板Moderat癌e3040袄financi版al stat靶ement p八resenta爱tion.2B捌Journal班ize inv坝estment哎 transa扒ctions,岸 pre扒pare ad柏justing熬Moderat安e3040霸entry, 疤and sho扮w s

8、tate翱ment pr叭esentat半ion.3B柏Journal半ize tra碍nsactio吧ns and 办adjusti伴ng entr巴y for s隘tock拌Moderat凹e3040啊investm按ents.4B碍Prepare碍 entrie埃s under哀 the co俺st and 跋equity 俺methods案, andSimple2030绊tabulat啊e diffe癌rences.5B邦Journal皑ize sto碍ck inve佰stment 敖transac般tions a柏nd show皑 state-巴Moderat氨e4050邦ment

9、pr背esentat氨ion.6B*7B八Prepare版 a bala伴nce she白et.邦Prepare爱 consol班idated 翱work sh碍eet and矮 balanc巴e sheet八 when柏Moderat斑eSimple304030袄cost ex佰cee凹ds book傲 value.13-2搬BLOOMS靶 TAXONO爱MY TABL疤E13-3Correlation Chart between Blooms Taxonomy, Study Objectives and End-of-Chapter Exercises and ProblemsKnowle

10、dgeComprehensionApplicationAnalysisSynthesisEvaluationStudy Objective1. Discuss why corporations invest in Q13-1debt and stock securities.Q13-2Q13-3Q13-4Q13-5Q13-8Q13-9Q13-10Q13-6BE13-2BE13-3E13-2E13-3E13-4 E13-5P13-2AP13-3AP13-4AP13-5AP13-2BP13-3BP13-4BP13-5BE13-1P13-1AP13-2AP13-1BP13-2BBE13-12. Ex

11、plain the accounting for debtinvestments.Q13-73. Explain the accounting for stockinvestments.4. Describe the use of consolidatedfinancial statements.Q13-12Q13-17Q13-13Q13-18Q13-115. Indicate how debt and stockinvestments are valued andreported on the financialstatements.Q13-19BE13-7BE13-8P13-6AP13-6

12、BQ13-20Q13-21Financial ReportingComparative AnalysisExploring the WebCommunicationP13-7AP13-7BQ13-14Q13-16BE13-4BE13-7BE13-8P13-6AP13-6BQ13-15BE13-5BE13-6E13-6E13-7E13-8P13-1ABE13-5E13-6E13-7E13-8P13-1AP13-2AE13-10BE13-9BE13-10 P13-7AP13-7BE13-9P13-2AP13-3AP13-5AP13-1BP13-2BP13-3BP13-5BP13-3AP13-5AP

13、13-1BP13-2BP13-3BP13-5B6. Distinguish between short-termand long-term investments.*7. Describe the content of a worksheet for a consolidated balancesheet*8. Explain the form and content ofconsolidated financial statements.Broadening Your PerspectiveInterpreting Financial Research Case Ethics CaseA G

14、lobal Focus CookieStatementsChronicleGroup Decision Case班ANSWERS爸 TO QUE暗STIONS1.2.3.4.5.6.把The rea把sons co碍rporati碍ons inv疤est in 把securit按ies are哀: (1) t澳hey hav挨e exces瓣s cash 暗not nee疤ded for氨 op-罢eration爱s that 芭can be 耙investe爸d, (2) 芭to gene办rate ad熬ditiona罢l earni扮ngs, an百d (3) s搬trategi版c r

15、easo疤ns.佰(a) The皑 cost o凹f an in凹vestmen安t in bo板nds con阿sists o盎f the m佰arket p鞍rice of罢 the bo板nds plu翱s any b扳ro-碍kerage 爱fees.跋(b) Int哀erest i按s recor懊ded as 啊it is e敖arned; 癌that is斑, over 胺the lif背e of th稗e inves蔼tment i鞍n bonds按.啊(a) Los八ses and胺 gains 版on the 办sale of叭 debt i白nvestme俺nts are

16、奥 comput傲ed by c胺omparin拔g the c肮ost肮of the 斑bonds t耙o the n拔et proc疤eeds fr熬om the 跋sale.瓣(b) Los哀ses are案 report隘ed in t案he inco败me stat跋ement u八nder ot爸her exp翱enses a凹nd loss奥es wher奥eas捌gains a半re repo肮rted un白der oth唉er reve拜nues an拌d gains岸.爱Sablow 稗Company芭 is inc班orrect.懊 The ga搬in is t佰he

17、diff鞍erence 岸between芭 the ne叭t proce俺eds, ex按clusive败 of昂interes扮t, and 捌the cos靶t of th白e bonds佰. The c把orrect 鞍gain is拔 $4,000拜, or (鞍$45,000瓣 坝扮 $1,000佰) 扮俺 $40,00扮0.把The cos叭t of an败 invest扒ment in阿 stock 袄include暗s all e氨xpendit扮ures ne癌cessary隘 to acq罢uire th扳e inves般t-案ment. T罢hese ex捌penditu

18、疤res inc八lude th案e actua奥l purch半ase pri爱ce plus八 any co阿mmissio癌ns or b艾roker-八age fee颁s.笆Brokera啊ge fees蔼 are pa柏rt of t吧he cost半 of the把 invest捌ment. T疤herefor盎e, the 矮entry i叭s:柏Stock I癌nvestme案nts .疤.拌.半.肮.唉.爸.坝.芭.跋.唉.阿.百.拌.按.耙.哎Cash.班.奥.碍.傲.肮.跋.鞍.背.阿.鞍.艾.版.扮.摆.敖.跋.澳.63,50063,5007.8.9.10.啊(a) W

19、he袄never t霸he inve唉stor拔把s influ埃ence on唉 the op扳erating拌 and fi翱nancial百 activi跋ties of芭 the in般vestee 耙is敖signifi挨cant, t岸he equi跋ty meth哎od shou扳ld be u巴sed. Th埃e major凹 factor扮 in det爱erminin奥g signi爸ficant哎influen扳ce is t绊he perc版entage 颁of owne按rship i岸nterest罢 held b叭y the i癌nvestor吧 in the艾

20、invest罢ee. The柏general拌 guidel暗ine for佰 use of摆 the eq肮uity me鞍thod is八 20% or瓣 more o澳wnershi拔p inter癌est. Co搬mpa-背nies ar巴e requi捌red to 皑use jud扮gment, 袄however捌, rathe颁r than 癌blindly蔼 follow八 the 20坝% guide岸line. F靶or佰example罢, 25% o靶wnershi按p in a 芭company安 that i案s 75% c哎ontroll鞍ed by a八nothe

21、r 搬organiz败ation w蔼ould暗not ind袄icate s瓣ignific挨ant inf般luence.绊(b) Rev板enue is败 recogn昂ized as靶 it is 背earned 哎by the 斑investe鞍e.傲Since D般iaz Cor哎poratio氨n uses 拌the equ疤ity met哀hod, th八e incom敖e repor绊ted by 捌Victor 氨Packing傲 ($80,0拔00)蔼should 瓣be mult稗iplied 胺by Diaz般叭s owner捌ship in奥terest 阿(25%

22、) a熬nd the 芭result 瓣($20,00袄0) shou搬ld be d熬eb-扒ited to拜 Stock 氨Investm案ents an耙d credi拜ted to 按Revenue搬 from I百nvestme皑nt in V盎ictor P稗acking.叭 Also, 碍of the艾total d办ividend叭 declar案ed and 翱paid by氨 Victor隘 ($10,0白00) Dia翱z will 凹receive鞍 25% or隘 $2,500埃. This奥amount 袄should 袄be debi办ted to 靶Cash a

23、n跋d credi白ted to 坝Stock I百nvestme半nts.坝Signifi肮cant in懊fluence半 over a暗n inves碍tee may爱 result案 from r耙epresen拔tation 巴on the 柏board o败f direc摆tors,半partici蔼pation 笆in poli版cy-maki巴ng proc矮esses, 扳and mat扒erial i癌ntercom半pany tr瓣ansacti按ons. An袄 invest瓣ment盎(direct蔼 or ind皑irect) 拔of 20% 把or more矮 o

24、f the爸 voting跋 stock 芭of an i拜nvestee耙 consti皑tutes s班ignific靶ant inf百lu-敖ence un鞍less th拜ere exi啊sts evi袄dence t叭o the c氨ontrary柏.芭Under t巴he cost澳 method敖, an in吧vestmen挨t is or爸iginall艾y recor耙ded and拌 report瓣ed at c案ost. Di澳vidends阿 are凹recorde懊d as re叭venue. 敖In subs阿equent 熬periods昂, it is蔼 ad

25、just百ed to f盎air val爱ue and 疤an unre搬alized 般holding澳gain or八 loss i绊s recog巴nized a扳nd incl盎uded in坝 income稗 (tradi按ng secu笆rity) o隘r as a 蔼separat蔼e compo熬nent岸of stoc哀kholder柏s按捌 equity奥 (avail扳able-fo颁r-sale 白securit熬y). Und俺er the 拜equity 罢method,摆 the in唉vestmen巴t is13-4案Questio斑ns Chap隘ter 13

26、袄 (Conti巴nued)拜origina罢lly rec爱orded a敖nd repo把rted at百 cost; 捌subsequ鞍ently, 爸the inv昂estment瓣 accoun爱t is ad翱justed 伴dur-碍ing eac暗h perio唉d for t巴he inve哀stor背挨s share败 of the案 earnin岸gs or l白osses o邦f the i鞍nvestee摆. The i白nvestor胺肮s哎share o氨f the i矮nvestee氨爱s earni巴ngs is 澳recogni佰zed in 疤the ea

27、r爸nings o坝f the i艾nvestor败. Divid斑ends皑receive霸d from 把the inv搬estee a背re redu爸ctions 板in the 邦carryin稗g amoun瓣t of th拔e inves肮tment.11.12.佰Consoli耙dated f蔼inancia吧l state傲ments p拔resent 澳the det澳ails of傲 the as耙sets an靶d liabi昂lities 扮control奥led by斑the par艾ent com奥pany an摆d the a柏ggregat哀e profi矮t

28、abilit捌y of th班e affil坝iated c胺ompanie办s.矮The val跋uation 背and rep八orting 瓣of inve斑stments扒 is as 翱follows哀:蔼Categor颁yTrading班Availab八le-for-办sale扮Valuati扒on and 拜Reporti爸ng凹At fair翱 value 伴with ch按anges r艾eported搬 in net哎 income盎At fair般 value 芭with ch拌anges a碍djusted百 throug啊h stock笆holders矮啊 equit

29、y爸Additio暗nally, 白debt se碍curitie癌s which靶 are in挨tended 矮to be h绊eld to 扒maturit稗y will 办be repo唉rted at氨amortiz昂ed cost澳.傲Investm拔ents re芭corded 傲under t伴he equi懊ty meth癌od are 捌reporte般d at th坝eir car昂rying v敖alue. T般he car-罢rying v俺alue is搬 the co坝st adju癌sted fo白r the i皑nvestor傲柏s share班 of the

30、把 invest芭ee柏扒s incom安e and d白ivi-哀dends r澳eceived败.13.鞍Jane sh艾ould re八port th昂e data 吧as foll白ows:(1)巴Under c巴urrent 盎assets 颁in the 跋balance扒 sheet:鞍Short-t八erm inv坝estment岸, at fa奥ir valu吧e.笆.扳.氨.巴.鞍.瓣.傲.隘.芭.罢.板$72,000罢)(2)白Under o熬ther ex拌penses 扮and los翱ses in 绊the inc爱ome sta稗tement:鞍Unreali芭z

31、ed los案s on tr袄ading s芭ecuriti坝es .阿.笆.颁.敖.半.阿.邦.叭.凹.$2,000)14.暗Jane sh扮ould re啊port th爱e data 按as foll俺ows:(1)巴Under i背nvestme瓣nts in 案the bal罢ance sh叭eet:班Investm俺ent in 哎stock o颁f less 按than 20埃% owned胺 compan拔ies, at胺 fair v跋alue .翱.艾$72,000拔)(2)邦Under s肮tockhol拔ders暗佰 equity扮 in the耙 balanc佰e s

32、heet拔:芭Less: U斑nrealiz办ed loss皑 on ava白ilable-扳for-sal颁e secur奥ities.扒.拌.摆.矮.摆.摆$(2,000半)15.隘The ent唉ry is:暗Market 奥Adjustm罢ent疤稗Availab版le-for-笆Sale.昂.颁.跋.澳.背.矮.把.哎.熬.扮Unreali班zed Gai癌n or Lo凹ss耙百Equity.疤.安.啊.搬.疤.熬.颁.艾.颁.袄.15,00015,00016.巴The ent搬ry is:哎Market 八Adjustm八ent奥矮Trading哎 .绊.扮.爱.哎.矮.白.佰.

33、颁.白.吧.扮.背Unreali绊zed Gai邦n摆氨Income 叭.绊.佰.澳.拌.把.俺.搬.班.安.跋.哀.15,00015,00017.挨Unreali搬zed Los哀s胺傲Equity 爱is repo埃rted as瓣 a dedu翱ction f昂rom sto百ckholde芭rs蔼疤 equity巴. The u拌nrealiz稗ed半loss is哀 not in胺cluded 唉in the 败computa靶tion of肮 net in摆come.13-5办Questio疤ns Chap碍ter 13办 (Conti胺nued)埃18.摆 Report拔ing

34、Unr肮ealized懊 Gains 扒(Losses叭)蔼办Equity 吧in the 绊stockho坝lders坝艾 equity哀 sectio邦n serve爱s two吧importa般nt purp靶oses: (扒1) it r耙educes 柏the vol按atility熬 of net爸 income背 due to爱 fluctu白ations 扮in fair澳 value,皑and (2)隘 it inf拜orms th八e finan般cial st澳atement坝 user o岸f the g哀ain or 挨loss th败at woul懊d occur稗

35、 if the疤 secu-安rities 叭were so绊ld at f坝air val岸ue.把19.蔼 The in拌vestmen扒t in Iv阿y Corpo半ration 拌stock i百s a lon案g-term 爱investm稗ent bec颁ause th岸ere is 叭no inte按nt叭to conv俺ert the坝 stock 般into ca懊sh with班in a ye拜ar or t霸he oper八ating c巴ycle, w啊hicheve百r is lo半nger.绊*20.岸 (a)(b)耙The par敖ent com懊pany柏熬s

36、 inves敖tment i佰n the s拔ubsidia霸ry伴岸s commo啊n stock跋 and th翱e subsi邦diary霸唉s扒stockho巴lders绊傲 equity坝 accoun巴t balan艾ces are拔 elimin霸ated.笆The Inv吧estment叭 accoun敖t repre版sents a瓣n inter澳est in 班the net半 assets矮 of the啊 subsid般iary. T白he bal-瓣ance sh跋eet of 啊the sub扒sidiary啊 lists 癌all its翱 assets胺 an

37、d li斑abiliti邦es (the凹 net as斑sets). 罢Therefo靶re,半there w耙ould be吧 a doub伴le coun懊ting of昂 net as皑sets. S搬imilarl啊y, ther俺e would奥 be a d傲ouble c矮ounting癌in stoc胺kholder隘s奥胺 equi拜ty beca捌use all绊 the co蔼mmon st癌ock of 颁the sub唉sidiary搬 is own澳ed by t伴he蔼stockho笆lders o般f the p跋arent.颁*21.敖 The re扳mai

38、ning版 excess俺 $8,000胺, $318懊,000白扒 ($290,矮000 + $澳20,000)吧 shoul肮d be al板located敖 to八goodwil扳l and p班resente矮d in th霸e conso霸lidated办 balanc芭e sheet拌 as Int耙angible瓣 assets胺瓣Goodwil敖l.13-6袄SOLUTIO靶NS TO B摆RIEF EX背ERCISES唉BRIEF E岸XERCISE翱 13-1Jan. 1July 1扮Debt In按vestmen白ts .白.奥.熬.半.熬.半.靶.伴Cash.扮.安.扮

39、.拌.案.爱.瓣.昂.唉.澳.哀Cash.澳.扒.耙.疤.澳.碍.霸.昂.肮.板.罢.暗Interes稗t Reven捌ue.暗.背.伴.背.败.稗.46,8002,34046,8002,340爸BRIEF E败XERCISE傲 13-2Aug. 1Dec. 1碍Stock I熬nvestme碍nts .叭.柏.奥.搬.把.叭.佰.啊Cash.傲.把.艾.按.暗.百.把.哎.哀.半.癌Cash.按.霸.蔼.败.坝.拌.翱.隘.爱.疤.邦.胺Stock I邦nvestme瓣nts .蔼.耙.八.艾.跋.耙.八Gain on翱 Sale o颁f Stock伴 Invest班ments .耙.百.3

40、5,60040,00035,60035,6004,400蔼BRIEF E八XERCISE氨 13-3Dec. 3131板Stock I斑nvestme挨nts .坝.澳.办.败.爸.凹.班.绊Revenue白 from I叭nvestme按nt in H傲yde白Company埃 (30% X把 $180,0摆00) .巴.埃.奥.八Cash (3皑0% X $5笆0,000).笆.岸.敖.伴.暗.摆.奥.背Stock I皑nvestme隘nts .扳.办.败.澳.笆.跋.54,00015,00054,00015,000蔼BRIEF E矮XERCISE唉 13-4Dec. 31皑Unreali

41、伴zed Los扒s邦凹Income 懊.半.癌.矮.芭.板.岸Market 吧Adjustm敖ent哀挨Trading扒 .半.瓣.蔼.按($64,00绊0 罢版 $59,00拜0)13-75,0005,000鞍BRIEF E芭XERCISE氨 13-5耙Balance熬 Sheet办Current把 assets罢Short-t挨erm inv蔼estment爱s, at f皑air val昂ue.按.斑.班.颁.肮.疤.扳Income 盎Stateme懊nt阿Other e艾xpenses盎 and lo阿sses靶Unreali艾zed los绊s on tr摆ading s板ecur

42、iti碍es .班.背.凹.板.巴.耙.艾BRIEF E案XERCISE板 13-6$59,000(5,000)Dec. 31扳Unreali霸zed Gai皑n or Lo奥ss挨般Equity 暗.白.哀.把.巴.靶Market 俺Adjustm板ent澳翱Availab拌le-for-八Sale .背.4,0004,000爱The unr吧ealized阿 loss i矮s repor靶ted as 熬a deduc耙tion fr啊om stoc板kholder办s白翱 equity背.稗BRIEF E案XERCISE敖 13-7瓣Balance氨 Sheet版Investm坝ents

43、碍Investm白ent in 拜stock o矮f less 跋than 20爱% owned安compani罢es, at 版fair va败lue .肮.暗.敖.胺.吧.凹.办.耙.班.澳Stockho芭lders坝白 equity安Less un笆realize爱d loss 矮on avai按lable-f耙or-sale霸 securi艾ties .哀.案.袄BRIEF E懊XERCISE凹 13-8瓣Investm按ents按Investm傲ent in 啊stock o鞍f less 柏than 20岸% owned艾compani百es, at 按fair va办lue .柏

44、.疤.扮.八.哎.伴.艾.佰.把.隘Investm扳ent in 翱stock o爱f 20吧疤50% own爸ed comp般anies,凹at equi爸ty .鞍.挨.耙.扒.笆.袄.半.叭.伴.扳.阿.唉.背.按Total i傲nvestme暗nts .摆.癌.岸.扳.把.俺.柏.拔.佰.背.13-8隘$68,000百)耙$(4,000埃)唉$115,00跋0250,000爸$365,00耙0矮*BRIEF 哀EXERCIS矮E 13-9办Elimina挨tionsPaulaShannon爱Consoli碍datedCompanyCompanyDr.Cr.Data把Investm芭en

45、t inShannon办Common 罢Stock盎Common 爱Stock跋Retaine拜d Earni巴ngs190,000120,00070,000120,00070,000190,000000巴*BRIEF 跋EXERCIS爸E 13-10班Elimina爱tionsPaulaShannon癌Consoli拌datedCompanyCompanyDr.Cr.Data皑Investm罢ent inShannon爸Common 白Stock200,000200,0000芭Excess 凹of Cost矮Over Bo澳ok Valu啊e10,00010,000爸Common 哎Stoc

46、k澳Retaine霸d Earni颁ngs120,00070,000120,00070,0000013-9霸SOLUTIO澳NS TO E胺XERCISE罢S叭EXERCIS班E 13-1案(a) Jan哎. 1July 11伴(b) Dec俺. 31俺Debt In版vestmen芭ts.叭.啊.半.懊.奥.碍.背Cash ($扳60,000 扒+ $900)暗.半.捌.邦.艾Cash ($癌60,000 柏X 8% X 霸1/2).蔼.扳.氨.靶.敖Interes挨t Reven傲ue .背.吧.蔼.案.啊.跋Cash ($耙34,000 澳唉 $500).埃.伴.笆.稗.颁.扳Debt

47、In绊vestmen阿ts.摆.绊.爸.耙.班.颁($60,90扮0 X 1/2班)澳Gain on暗 Sale o蔼f Debt 捌Invest-搬ments (版$33,500半 翱柏 $30,45瓣0) .案.肮.拜Interes八t Recei绊vable.拌.办.扒.哀.蔼.瓣.胺Interes胺t Reven隘ue .奥.唉.颁.笆.鞍.60,9002,40033,5001,20060,9002,40030,4503,0501,200隘($30,00白0 X 8% 艾X 1/2)鞍EXERCIS笆E 13-2佰(a) Feb版. 1July 1Sept. 1Dec. 1伴Stock

48、 I霸nvestme按nts.佰.矮.摆.把.唉.吧.伴Cash ($啊8,000 +八 $200).坝.般.败.班.癌Cash (8版00 X $1熬).袄.靶.胺.哀.凹.扳.按Dividen摆d Reven案ue.白.暗.按.奥.霸.瓣Cash ($版4,400 办阿 $100).傲.俺.胺.扮.绊.凹.凹Stock I拜nvestme矮nts.佰.霸.盎.爸.岸.蔼($8,200爱 X 3/8)佰Gain on白 Sale o癌f Stock矮 Invest跋-吧ments (安$4,300 翱啊 $3,075昂).扒.耙.唉Cash (5瓣00 X $1靶).耙.蔼.巴.胺.靶.埃.

49、爸Dividen背d Reven稗ue.氨.癌.芭.摆.盎.8,2008004,3005008,2008003,0751,225500疤(b) Div氨idend r颁evenue 氨and the霸 gain o把n sale 蔼of stoc凹k inves叭tments 癌are敖reporte佰d under坝 other 败revenue柏s and g扒ains in办 the in柏come st瓣atement把.13-10阿EXERCIS爱E 13-3Jan. 1July 1Dec. 1Dec. 31般Stock I八nvestme拔nts .霸.傲.暗.挨.俺.败.矮.半C

50、ash ($奥140,000翱 + $2,1版00) .扮.扮.坝.扒.败Cash (2俺,000 X 熬$3).熬.啊.邦.哀.拌.百.唉.跋Dividen敖d Reven皑ue .叭.耙.挨.巴.敖.哎Cash ($澳37,000 拜阿 $800) 坝.氨.班.翱.巴.扮.斑Stock I安nvestme敖nts ($1扳42,100 靶X 1/4) 哎.俺Gain on拜 Sale o哎f Stock癌 Invest芭ments .案.班Cash (1艾,500 X 颁$3).班.绊.安.扮.爱.版.爸.岸Dividen叭d Reven岸ue .巴.板.叭.案.笆.142,1006,00

51、036,2004,500142,1006,00035,5256754,500氨EXERCIS哎E 13-4肮(a) Jan巴. 1Dec. 3131埃Stock I盎nvestme按nts .凹.背.瓣.坝.昂.奥Cash.昂.耙.叭.版.霸.搬.肮.邦.板Cash ($笆60,000 哀X 30%).暗.伴.跋.绊.挨.巴Stock I背nvestme般nts .绊.阿.俺.敖.疤Stock I耙nvestme安nts .办.八.巴.敖.罢.氨Revenue扳 from I癌nvestme笆nt in般Snapper爱 Corp. 坝.哎.邦.般.捌.绊($200,0按00 X 30阿%)1

52、80,00018,00060,000180,00018,00060,000暗(b) Inv昂estment矮 in Sna唉pper, J肮anuary 阿1 .背.蔼.傲.巴.唉.袄.挨Less: D板ividend奥 receiv搬ed.唉.傲.奥.鞍.熬.皑.半.吧.邦.邦Plus: S叭hare of绊 report柏ed inco肮me.邦.背.斑.翱.隘.熬.阿.芭Investm颁ent in 安Snapper扮, Decem白ber 31.埃.氨.八.坝.皑.八.疤EXERCIS癌E 13-5霸(a) 200班6般$180,00跋0跋(18,000拌)60,000白$222,00

53、坝0Mar. 18凹Stock I矮nvestme岸nts .瓣.般.把.癌.敖.扳Cash (2蔼00,000 懊X 10% X疤 $13).胺.半.13-11260,000260,000颁EXERCIS版E 13-5 稗(Contin皑ued)June 30Dec. 31翱Cash.凹.背.般.唉.拌.爱.扳.绊.佰.稗.背Dividen隘d Reven胺ue .板.翱.斑.捌.岸($60,00白0 X 10%阿)伴Market 巴Adjustm岸ent疤巴Availab败le-for6,0006,000摆Sale.扮.班.挨.绊.搬.疤.邦.奥.罢.办Unreali斑zed Gai胺n皑

54、拜Equity.柏.瓣.八.扳($300,0拔00 碍叭 $260,0捌00)40,00040,000皑(b) Jan坝.1背Stock I靶nvestme疤nts .傲.爱.阿.跋.隘.败.佰Cash (3吧0,000 X拔 25% X 斑$9) .阿.傲.袄.67,50067,500June 15Dec. 31跋Cash.稗.芭.隘.伴.昂.唉.霸.疤.绊.跋.芭Stock I盎nvestme靶nts .皑.败.唉.斑.芭($30,00稗0 X 25%哎)岸Stock I爸nvestme熬nts .百.盎.邦.肮.百.稗.拜Revenue绊 from I翱nvestme背nt in暗Gam

55、ma C懊orp. .埃.背.岸.靶.拔.7,50020,0007,50020,000袄($80,00疤0 X 25%袄)败EXERCIS搬E 13-6俺(a) Dec八. 31(b)按Unreali班zed Los岸s摆吧Income 昂.爸.搬.案.鞍Market 吧Adjustm疤ent靶摆Trading罢 .按.氨Balance稗 Sheet6,0006,000肮Current搬 assets扒Short-t昂erm inv安estment唉s, at f吧air val把ue.奥.盎.昂.叭.隘.捌Income 班Stateme安nt罢Other e跋xpenses板 and lo唉

56、sses版Unreali百zed los扳s on tr肮ading s昂ecuriti埃es .凹.拜.扒.按.板.13-12$47,000$6,000耙EXERCIS敖E 13-7半(a) Dec把. 31(b)氨Unreali安zed Gai扮n or Lo拌ss凹叭Equity 班.挨.俺.蔼Market 瓣Adjustm澳ent败瓣Availab拔le-艾for-Sal傲e.扳.拔.盎.癌.靶.坝.捌.阿Balance胺 Sheet6,0006,000斑Investm蔼ents胺Investm版ent in 白stock o板f less 隘than 20斑% owned奥compa

57、ni鞍es, at 岸fair va埃lue.邦.拜.按.熬.岸.懊.拔.柏Stockho熬lders板胺 equity傲Less: U敖nrealiz胺ed loss吧 on ava拜ilable-按for-sal按e爱securit版ies .俺.百.阿.奥.癌.稗.盎.氨.霸.坝.白$47,000凹)岸$(6,000氨)疤(c) Dea敖r Mr. I凹stanbel敖:癌Investm半ents wh疤ich are皑 classi败fied as艾 tradin背g (held摆 for sa安le in t疤he near板term) a背re repo伴rted at碍 fair

58、 v把alue in斑 the ba爱lance s瓣heet, w跋ith unr隘ealized绊gains o挨r losse啊s repor埃ted in 柏net inc傲ome. In隘vestmen捌ts whic按h are c靶las-阿sified 隘as avai氨lable-f瓣or-sale傲 (held 颁longer 班than tr伴ading b爱ut not 傲to跋maturit扮y) are 隘also re俺ported 胺at fair哎 value,把 but un哀realize板d gains阿 or懊losses 跋are rep八orted

59、 i佰n the s案tockhol半ders扒凹 equity懊 sectio蔼n.翱Fair va肮lue is 蔼used as爸 the re阿porting柏 basis 绊because吧 it rep哀resents百 the蔼cash re矮alizabl板e value爱 of the佰 securi颁ties. U绊nrealiz摆ed gain半s or lo白sses on巴trading颁 securi奥ties ar搬e repor绊ted in 颁the inc澳ome sta癌tement 般because芭 of把the lik埃elihood伴 that t

60、癌he secu凹rities 瓣will be案 sold a败t fair 耙value i翱n the n罢ear矮term. U氨nrealiz坝ed gain熬s or lo百sses on爱 availa拌ble-for吧-sale s版ecuriti蔼es are岸reporte按d in st鞍ockhold摆ers蔼唉 equity绊 rather版 than i绊n incom捌e becau傲se ther版e半is a si哎gnifica翱nt chan伴ce that罢 future绊 change昂s in fa案ir valu百e will 败reverse斑u