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1、Unit8InvestinginSecurities1.ACompanyacquired30%ofBCompany’svotingstockfor$200000onJanuary2,2004.As30%interestinBgaveAtheabilitytoexercisesignificantinfluenceoverB’soperatingandfinancialpolicies.During2004,Bearned$70000andpaiddividendsof$50000.Breportedearningsof$150000forthesixmonthsendingJune30,2
2、005,and$200000fortheyearendingDecember31,2005.OnJuly1,2005,AsoldhalfofitsstockinBfor$140000cash.Bpaiddividendsof$60000onOctober1,2005.Usetheaboveinformationtoanswerthefollowingthreequestions：（B）Beforeincometaxes,whatamountshouldAincludeinits2004incomestatementasaresultoftheinvestment?A.$15000B.$21
3、000C.$36000D.$80000(B)InA’sDecember31,2004BalanceSheet,whatshouldbethecarryingamountofthisinvestment?A.$200000B.$206000C.$221000D.$236000(B)Onits2005incomestatement,whatamountshouldAreportasagainorlossfromthesaleofhalfofitsivestment?A.$22000gainB.$23000gainC.$500lossD.$14500gain(B)2.OnMay1,2005,AB
4、Cpurchased30%oftheshockofDCorporationfor$600000,During2005,Dhadnetincomeof$100000.OnFebruaryIandonAugust1,Dpaid$30000individends.OnDecember31,2005,themarketpriceofthestockis$630000.WhatamountshouldbeshownintheInvestmentinDCorporationaccountonABC’SBalanceSheetdatedDecember31,2005?A.$621000B.$611000
5、C.$629000D.$630000(B)3.Whenthefairvalueofinvestmentsindebtsecuritiesexceedstheircarryingamounts,held-to-Maturitysecuritiesandavailable-for-salesecuritiesshouldbereportedattheendoftheyearatheld-to-maturitysecuritiesavailable-for-salesecuritiesA.FairvalueAmortizedCostB.AmortizedcostFairvalueC.Amorti
6、zedcostAmortizedcostD.FairvalueFairvalue(A)4.Whenaninvestorusestheequitymethodtoaccountforinvestmentsincommonstock,theinvestmentaccounttee.willbeincreasedwhentheinvestorrecognizes.A.aproportionateinterestinthenetincomeoftheinvestee.B.acashdividendreceivedfromtheinvestee.C.periodicamortizationofthe
7、goodwillrelatedtothepurchase.D.depreciationrelatedtotheexcessofmarketvalueoverbookvalueoftheinvestee’sdepreciableassetsatthedateofpurchasebytheinvestor.(B)5.Whenacompanyholdsbetween20%and50%oftheoutstandingstocko
