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ACCT 405

  • ACCT 405 Week 1 Homework

    ACCT 405 Week 1 Homework  Problems 1, 3, 5, 9, 10 and 11 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...

  • ACCT 405 Week 2 Homework

    ACCT 405 Week 2 Homework  Problems 3, 4, 11, and 12 3).What is a statutory merger? 4). FASB ASC 805, Business Combinations, provides principles for allocating the fair value of an acquired business. When the collective...

  • ACCT 405 Week 3 Homework

    ACCT 405 Week 3 Homework Problems 4, 6, 9, and 17 4). Willkom Corporation bought 100 percent of Szabo, Inc., on January 1, 2011. On that date, Willkom’s equipment (10-year life) has a book value of $300,000 but a fair...

  • ACCT 405 Week 4 Homework

    ACCT 405 Week 4 Homework Problems 1, 4, 8, 11, 38a 1). What is a basic premise of the acquisition method regarding accounting for a noncontrolling interest? 4). On January 1, 2012, Brendan, Inc., reports net assets of...

  • ACCT 405 Week 5 Homework

    ACCT 405 Week 5 Homework Problems: 1, 2, 3, 9, and 16   1). What is the primary reason we defer financial statement recognition of gross profits on intra-entity sales for goods that remain within the consolidated entity...

  • ACCT 405 Week 6 Homework

    ACCT 405 Week 6 Homework Chpt.  8 Problems 1, 2, 3, 6, 7, and 17 Chapter 7 – Problems 11 Chapter 7 11). Assuming that MNC did not enter into a forward contract, how much foreign exchange gain or loss should it...

  • ACCT 405 Week 7 Homework

    ACCT 405 Week 7 Homework Chapter 9 - Problems 1, 2, 3, 4, 5, and 6 1). Which of the following is not a reason for the popularity of partnerships as a legal form for businesses? 2). How does partnership accounting differ from...