Acquisition and investments in intercorporate Entities
Order ID:89JHGSJE83839 Style:APA/MLA/Harvard/Chicago Pages:5-10 Instructions:
Acquisition and investments in intercorporate Entities
Saudi Electronic University
College of Administrative and Financial Sciences
Department of Accounting
Course Title Advanced Financial Accounting
Course Code ACCT 302 Assignment No. 1 Due Date Feb, 2nd 2019
CRN: Student name: Student ID Academic Year 1439 -1440H
Semester: Second Student grade: Important Instructions:
- Please fill your Name, ID and Section (CRN) at the place provided below
- Maximum marks of each assignment is 10. Marks of each question is provided with the question.
- Rename the file of your assignment as [ACCT 302 39-40-2nd-CRN-Your Name]
- Assignments should be submitted in MS Word format
- Font should be Times New Roman with 14 points.
- You are required to work in this assignment individually.
- You should submit the assignment via the Blackboard.
- Students who submit assignments after deadline, will get ZERO.
- If you engaged in plagiarism, you will get ZERO marks in the assignment or course
- Attempt all the questions.
- Do not write off questions when answering them.
Q1. Explain the term Acquisition and investments in intercorporate Entities.
Q2. X Inc. acquired 100% of the outstanding common stock of Y Inc. for $250,000 cash and 20,000 shares of its own common stock ($5 par value), which was trading at $10 per share at the acquisition date. The estimated fair market values of assets, liabilities, and equity accounts of Y. Inc are as follows:
Accounts Receivable $ 100,000 Inventory 50,000
LT Marketable sec. 60,000
PP&E 140,000
Total Assets $350,000
Liabilities $200,000 Retained Earnings 50,000
Common Stock 100,000
Total Liab/Equity $ 350,000
Require:
- Calculate Acquisition cost of X.Inc
- Calculate Good will of X.Inc
- Pass journal entry in books of X. Inc
Q3. SALMAN Company acquires 60 percent of HAMAD Company’s common stock for $200,000 at the beginning of the year and gains significant influence over HAMAD. During the year, HAMAD has net income of $40,000 and pays dividends of $30,000.
Required: prepare the journal entries in books of SALMAN company under the Equity and Cost Method
Q4. From the Given information Calculate the Book Value and pass Basic Elimination entry :
- PQR Ltd owns 100% of STV Ltd.
- STV Ltd ’s net income for 20X4 is SAR 250,000
- STV Ltd’s declares dividends of SAR 36,000 during 20X4.
- STV Ltd has 20,000 shares of $5 par stock outstanding that were originally issued at $15 per share.
- STV Ltd’s beginning balance in Retained Earnings for 20X4 is SAR 150,000
Q5. How are direct combination costs, contingent consideration, and a bargain purchase reflected in recording an acquisition transaction?
Saudi Electronic University
College of Administrative and Financial Sciences
Department of Accounting
Course Title
Advanced Financial
Accounting
Course Code
ACCT 302
Assignment No.
1
Due Date
Feb, 2
nd
2019
Important Instructions:
Please fill your Name, ID and Section (CRN) at the place provided below
Maximum marks of each assignment is 10. Marks of each question is provided with the
question.
Rename the file of your assignment as
[ACCT 30
2
39
–
40
–
2nd
–
CRN
–
Your Name]
Assignments should be submitted in
MS Word format
Font should be
Times New Roman with 14 points.
You are required to work in this assignment
individually.
You should
submit
the assign
ment via the
Blackboard.
Students who submit assignments after deadline, will get ZERO.
If you engaged in plagiarism, you
will get ZERO marks in the assignment or course
Attempt all the questions.
Do not write off questions when answering them.
CRN:
Student name:
Student ID
Academic
Year
1439
–
1440H
Semester: Second
Student grade
: Acquisition and investments in intercorporate Entities
Saudi Electronic University
College of Administrative and Financial Sciences
Department of Accounting
Course Title Advanced Financial
Accounting
Course Code
ACCT 302
Assignment No. 1 Due Date Feb, 2
nd
2019
Important Instructions:
- Please fill your Name, ID and Section (CRN) at the place provided below
- Maximum marks of each assignment is 10. Marks of each question is provided with the
question.
- Rename the file of your assignment as [ACCT 302 39-40-2nd-CRN-Your Name]
- Assignments should be submitted in MS Word format
- Font should be Times New Roman with 14 points.
- You are required to work in this assignment individually.
- You should submit the assignment via the Blackboard.
- Students who submit assignments after deadline, will get ZERO.
- If you engaged in plagiarism, you will get ZERO marks in the assignment or course
- Attempt all the questions.
- Do not write off questions when answering them.
CRN: Student name:
Student ID
Academic Year
1439 -1440H
Semester: Second Student grade:
Acquisition and investments in intercorporate Entities
RUBRIC
Excellent Quality
95-100%
Introduction 45-41 points
The background and significance of the problem and a clear statement of the research purpose is provided. The search history is mentioned.
Literature Support
91-84 points
The background and significance of the problem and a clear statement of the research purpose is provided. The search history is mentioned.
Methodology
58-53 points
Content is well-organized with headings for each slide and bulleted lists to group related material as needed. Use of font, color, graphics, effects, etc. to enhance readability and presentation content is excellent. Length requirements of 10 slides/pages or less is met.
Average Score
50-85%
40-38 points
More depth/detail for the background and significance is needed, or the research detail is not clear. No search history information is provided.
83-76 points
Review of relevant theoretical literature is evident, but there is little integration of studies into concepts related to problem. Review is partially focused and organized. Supporting and opposing research are included. Summary of information presented is included. Conclusion may not contain a biblical integration.
52-49 points
Content is somewhat organized, but no structure is apparent. The use of font, color, graphics, effects, etc. is occasionally detracting to the presentation content. Length requirements may not be met.
Poor Quality
0-45%
37-1 points
The background and/or significance are missing. No search history information is provided.
75-1 points
Review of relevant theoretical literature is evident, but there is no integration of studies into concepts related to problem. Review is partially focused and organized. Supporting and opposing research are not included in the summary of information presented. Conclusion does not contain a biblical integration.
48-1 points
There is no clear or logical organizational structure. No logical sequence is apparent. The use of font, color, graphics, effects etc. is often detracting to the presentation content. Length requirements may not be met
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