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Moving to another guestion is save the response Question 45 Submit Company repurchased 10.000 shares of its outstanding stock for $300,000 on December 31 Assume that submit repurchased the stock from the generace and that parehod 75.000 of the guy to w standing of m o re and the act on the o r e day Connon stock $10 par Total equity An $83,333 decrease An 583,333 increase A $3,666,667 increase Moving to another question will save this response Close Window Moving to another question will save this response Question 46 Suwannee Company issued 20,000 addnional shares of is common stock for $1.6 m Suwannee Company issued the 20,000 additional shares to Plata Corporation, who w onSuwannee companys their fair value at the time theational shares are e re in Swe the winted in the no r th d Before $1,000,000 2.500,000 Common 510 par Additional pada Retnined carings Total equity $320,000 51200,000 3,000,000 3.900.000 2 000 000 $7.400,000 $1,580.000 $20,000 uuestions e co On January 2 of the current your Peace Co pod 310,000 to purchase of the voting shares of Surge Courgon has Place d of $300,000 and retained earnings of $100,000. The purchase differential was buted to depreciable assets with a remaining use of 10 ya Pace Surge reported not income of $20,000 and paid dividends of $8,000 during the current yet Peace reported incom e of s ome from amount will Ponce report as dividends declared and paid in its current your consolidated statement of changes in uity? m and added cung fot 75.000 unge o c o bug n $23.000 $17,000 $8.000 $15,000 Moving to another question will save the response Moving to another question will save the Question 48 Immediately after the acquisition of 80% ownership of acquired and abilities assumed Company by Pos company that condensed balance she their fair values. Moreover, the entities had no transactions prior to the m the fair value of the non controlling intereNCHI 40of the implied M onths of wh o f Soup. The concede theme t s t h e d a company $750.000 Soup Company Other identifiablet s Investment in Soup Company Total assets Liabilities Common stock Retained earnings $1,070,000 $937.500 $250,000 $320.000 $170.000 237,500 50.000 $1,257,500 $1,132,500 $1,129,500 Moving to another question will save this response Close Windo Moving to another question will save this response Question 49 Bard Co owned several subsidiaries at December 31 the following tablehow each subsidiary include as labilities in its consoldated balance sheet at December 317 car e and h a nd Subsidiary Brock Co. Harison Co Porter Co. Nortin Co $12.000.000 Total Liables $4,000,000 2.000.000 7.000.000 5.000.000 $16.000.000 $18,000,000 $5,000,000 Moving to another question will save this response Close Window MERIT, 11 Moving to another guestion is save the response Question 45 Submit Company repurchased 10.000 shares of its outstanding stock for $300,000 on December 31 Assume that submit repurchased the stock from the generace and that parehod 75.000 of the guy to w standing of m o re and the act on the o r e day Connon stock $10 par Total equity An $83,333 decrease An 583,333 increase A $3,666,667 increase Moving to another question will save this response Close Window Moving to another question will save this response Question 46 Suwannee Company issued 20,000 addnional shares of is common stock for $1.6 m Suwannee Company issued the 20,000 additional shares to Plata Corporation, who w onSuwannee companys their fair value at the time theational shares are e re in Swe the winted in the no r th d Before $1,000,000 2.500,000 Common 510 par Additional pada Retnined carings Total equity $320,000 51200,000 3,000,000 3.900.000 2 000 000 $7.400,000 $1,580.000 $20,000 uuestions e co On January 2 of the current your Peace Co pod 310,000 to purchase of the voting shares of Surge Courgon has Place d of $300,000 and retained earnings of $100,000. The purchase differential was buted to depreciable assets with a remaining use of 10 ya Pace Surge reported not income of $20,000 and paid dividends of $8,000 during the current yet Peace reported incom e of s ome from amount will Ponce report as dividends declared and paid in its current your consolidated statement of changes in uity? m and added cung fot 75.000 unge o c o bug n $23.000 $17,000 $8.000 $15,000 Moving to another question will save the response Moving to another question will save the Question 48 Immediately after the acquisition of 80% ownership of acquired and abilities assumed Company by Pos company that condensed balance she their fair values. Moreover, the entities had no transactions prior to the m the fair value of the non controlling intereNCHI 40of the implied M onths of wh o f Soup. The concede theme t s t h e d a company $750.000 Soup Company Other identifiablet s Investment in Soup Company Total assets Liabilities Common stock Retained earnings $1,070,000 $937.500 $250,000 $320.000 $170.000 237,500 50.000 $1,257,500 $1,132,500 $1,129,500 Moving to another question will save this response Close Windo Moving to another question will save this response Question 49 Bard Co owned several subsidiaries at December 31 the following tablehow each subsidiary include as labilities in its consoldated balance sheet at December 317 car e and h a nd Subsidiary Brock Co. Harison Co Porter Co. Nortin Co $12.000.000 Total Liables $4,000,000 2.000.000 7.000.000 5.000.000 $16.000.000 $18,000,000 $5,000,000 Moving to another question will save this response Close Window MERIT, 11

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