1
Q
Fair Value Method
A
dangit
2
Q
parents books
A
Investment account contains the acquisition cost
3
Q
Subs books
A
balance sheet assets and liab are recorded at book values
income statement: expenses calculated based on book values
4
Q
nets assets
A
equity
CS
APIC
RE
5
Q
only time you adjust to FV is
A
when there is a third party
6
Q
differential
A
FV - the book value
7
Q
errors
A
you change on the books of the sub, but when it is appraised it is only on the consolidated financial statements
8
Q
acquisition costs
A
only the costs that are associated with the acquisition, the costs of issuing stock we capitalize
9
Q
acquisition costs
A
only the costs that are associated with the acquisition, the costs of issuing stock we capitalize
ACCT 5130
flashcards
Decks in class (33)
# Cards
-
8/27 Cost Accounting Chapter 129
-
8/29 Cost Accounting Chapter 133
-
9/3 Chapter 215
-
Chapter 143
-
9/5 Chapter 217
-
Chapter 235
-
9/10 Chapter 3/212
-
9/12 Chapter 34
-
Chapter 319
-
9/17 & 9/24 Chapter 426
-
9/19 class9
-
Review Concepts on Quiz6
-
Chapter 44
-
Exam 1 review2
-
Chapter 60
-
10/1 Chapter 59
-
10/3 Chapter 50
-
10/8 Chapter 57
-
10/10 Problem3
-
10/22 Chapter 613
-
Chapter 50
-
10/28 Class2
-
10/29 Class1
-
10/31 Chapter 7 Class11
-
11/19 Chapter 1128
-
Chapter 1128
-
11/21 Chapter 12 & 1128
-
11/26 Chapter 1226
-
Chapter 1223
-
12/3 Class Chapter 1739
-
12/5 Chapter 1825
-
Chapter 1781
-
12/10 Final Review18
