ACCT 549 Innovative Education--snaptutorial.com

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ACCT 549 Innovative Education--snaptutorial.com
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ACCT 549 Innovative Education--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.
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ACCT 549 Innovative Education--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
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ACCT 549 Innovative Education--snaptutorial.com
ACCT 549 Week 6 Homework Problems For more
classes visit www.snaptutorial.com   P9-28 Bartlet
t 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.
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ACCT 549 Innovative Education--snaptutorial.com