acct 405 week 1 homework latest n.
Download
Skip this Video
Loading SlideShow in 5 Seconds..
ACCT 405 ,ACCT 405 WEEK 1 HOMEWORK ,ACCT 405 WEEK 1 HOMEWORK LATEST, PowerPoint Presentation
Download Presentation
ACCT 405 ,ACCT 405 WEEK 1 HOMEWORK ,ACCT 405 WEEK 1 HOMEWORK LATEST,

Loading in 2 Seconds...

play fullscreen
1 / 2

ACCT 405 ,ACCT 405 WEEK 1 HOMEWORK ,ACCT 405 WEEK 1 HOMEWORK LATEST, - PowerPoint PPT Presentation


  • 1 Views
  • Uploaded on

\nVisit Below Link, To Download This Course:\n\nhttps://www.tutorialsservice.net/product/acct-405-week-1-homework-latest/\n\nOr \nEmail us on\nSUPPORT@TUTORIALSSERVICE.NET\n\nACCT 405 Week 1 Homework Latest\nACCT405\nACCT 405 Week 1 Homework Latest\nChapter 1: Problems 1, 3, 5, 9, 10, and 11.\n11. Panner, Inc., owns 30 percent of Watkins and applies the equity method. During the current year, Panner buys inventory costing $54,000 and then sells it to Watkins for $90,000. At the end of the year, Watkins still holds only $20,000 of merchandise. What amount of unrealized gross profit must Panner defer in reporting this investment using the equity method?\n

loader
I am the owner, or an agent authorized to act on behalf of the owner, of the copyrighted work described.
capcha
Download Presentation

PowerPoint Slideshow about 'ACCT 405 ,ACCT 405 WEEK 1 HOMEWORK ,ACCT 405 WEEK 1 HOMEWORK LATEST,' - tutorialsservicesnet


An Image/Link below is provided (as is) to download presentation

Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author.While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server.


- - - - - - - - - - - - - - - - - - - - - - - - - - E N D - - - - - - - - - - - - - - - - - - - - - - - - - -
Presentation Transcript
acct 405 week 1 homework latest

ACCT 405 WEEK 1 HOMEWORK LATEST

Visit Below Link, To Download This Course:

https://www.tutorialsservice.net/product/acct-405-week-1-homework-latest/

Or

Email us on

SUPPORT@TUTORIALSSERVICE.NET

ACCT 405 Week 1 Homework Latest

ACCT405

ACCT 405 Week 1 Homework Latest

Chapter 1: Problems 1, 3, 5, 9, 10, and 11.

11. Panner, Inc., owns 30 percent of Watkins and applies the equity method. During the current year,

Panner buys inventory costing $54,000 and then sells it to Watkins for $90,000. At the end of the year,

Watkins still holds only $20,000 of merchandise. What amount of unrealized gross profit must Panner

defer in reporting this investment using the equity method?

10. Perez, Inc., applies the equity method for its 25 percent investment in Senior, Inc. During 2013, Perez

sold goods with a 40 percent gross profit to Senior. Senior sold all of these goods in 2013. How should

Perez report the effect of the intra-entity sale on its 2013 income statement?

9. Goldman Company reports net income of $140,000 each year and pays an annual cash dividend of

$50,000. The company holds net assets of $1,200,000 on January 1, 2012. On that date, Wallace

purchases 40 percent of the outstanding stock for $600,000, which gives it the ability to significantly

influence Goldman. At the purchase date, the excess of Wallace’s cost over its proportionate share of

Goldman’s book value was assigned to goodwill. What is the Investment in Goldman Company balance

(equity method) in Wallace’s financial records on December 31, 2014?

5. When an investor elects the fair-value option for a significant influence investment, cash dividends

received by the investor from the investee should be recorded as

3 sisk company has owned 10 percent of maust

3. Sisk Company has owned 10 percent of Maust, Inc., for the past several years. This ownership did not

allow Sisk to have significant influence over Maust. Recently, Sisk acquired an additional 30 percent of

Maust and now will use the equity method. How will the investor report this change?

1-When an investor uses the equity method to account for investments in common stock; cash dividends

received by the investor from the investee should be recorded as

Download Now