ACCT 549 help A Guide to career/Snaptutorial

1
ACCT 549 help A Guide to career/ snaptutorial.com
The Best way to predict the Future is to create
it.....To Best way....
www.snaptutorial.com
2
ACCT 549 help A Guide to career/ snaptutorial.com
ACCT 549 Week 1 Homework For more classes
visit www.snaptutorial.com 1-28 Hobson acquires
40 percent of the outstanding voting stock of
Stokes Company on January 1, 2012, for 210,000
in cash. The book value of Stokess net assets on
that date was 400,000, although one of the
companys buildings, with a 60,000 carrying
value, was actually worth 100,000. This building
had a 10-year remaining life. Stokes owned a
royalty agreement with a 20-year remaining life
that was undervalued by 85,000. Stokes sold
inventory with an original cost of 60,000 to
Hobson during 2012 at a price of 90,000. Hobson
still held 15,000 (transfer price) of this
amount in inventory as of December 31, 2012.
These goods are to be sold to outside parties
during 2013.
3
ACCT 549 help A Guide to career/ snaptutorial.com
ACCT 549 Week 5 Homework Problems For more
classes visit www.snaptutorial.com Problem
5-19   a) What is the noncontrolling interest's
share of Rockne's 2013 income?   b) Prepare
Doone's 2013 consolidation entries required by
the intra-entity inventory transfers.   Problem
5-35
4
ACCT 549 help A Guide to career/ snaptutorial.com
ACCT 549 Week 6 Homework Problems For more
classes visit www.snaptutorial.com P9-28 Bartlett
Company, headquartered in Cincinnati, OH has
occasional transactions with companies in a
foreign country whose currency is the lira.
Prepare journal entries for the following
transactions in US dollars. Also prepare any
necessay adjusting entries at December 31 caused
by fluctuations in the value of the lira. Assume
that the company uses a perpetual inventory
system. Transactions in 2013
5
ACCT 549 help A Guide to career/ snaptutorial.com
The Best way to predict the Future is to create
it.....To Best way....
www.snaptutorial.com