Download e-book for kindle: Advanced Accounting, 8th Edition, 2001 by Dennis M. Bline, Mary L. Fischer, Ted D. Skekel

By Dennis M. Bline, Mary L. Fischer, Ted D. Skekel

ISBN-10: 0324107501

ISBN-13: 9780324107500

Complicated Accounting, 8e deals the main authoritative, conceptually powerful, and accomplished insurance of complex accounting themes of any textual content out there. thoroughly up to date to mirror the entire most recent FASB pronouncements, it's a good guidance source for the CPA examination. complicated Accounting additionally presents scholars with the instruments they should pursue expert careers in an international financial system. this is often the one textual content out there to make use of the horizontal method of consolidations worksheets, the structure most ordinarily utilized in the enterprise global.

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85% 1,000 500 The application of the 90% rule became more complex when the combiner held shares of the issuer. To illustrate, assume that Company I issued 9,250 shares of its stock for 18,500 of the 20,000 shares of outstanding Company C stock subsequent to the initiation date of a plan of combination. In addition, Company C previously acquired 500 shares of Company I stock. The following diagram summarizes the intercompany stock transactions: Company I Company C Prior to initiation date .

16 It is more common, however, to find that the contractual terms of a lease are not altered as a result of the purchase. In such cases, it is necessary to record only the fair value of the acquired firm’s existing rights and obligations under the lease. When the company acquired is a lessee under an operating lease, it has recorded rent as an expense but has not recorded any asset or long-term liability. Thus, there is no existing recorded asset or liability to adjust. At acquisition, if the contractual rent under the remaining lease term is materially below fair rental value, an asset should be recorded equal to the value of the rent savings.

Buildings . . . . . . . . . . . . . . . . . . Equipment . . . . . . . . . . . . . . . . . Paid-In Capital in Excess of Par (existing on Expansion’s books) Current Liabilities . . . . . . . . . . . . . . . Common Stock ($10 par) . . . . . . . . . . . . Retained Earnings . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20,000 40,000 10,000 40,000 20,000 30,000 20,000 90,000 50,000 If the issuer has no additional paid-in capital with which to meet the deficiency, the combiner’s retained earnings account was used as shown in the following chart: Jacobs Company (Combiner) Balances Increase in Expansion Inc.

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Advanced Accounting, 8th Edition, 2001 by Dennis M. Bline, Mary L. Fischer, Ted D. Skekel


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