1、皚CHAPTER柏 13熬Investm澳ents阿ASSIGNM艾ENT CLA斑SSIFICA鞍TION TA芭BLEBriefAB頒Study O藹bjectiv稗es按Questio把ns班Exercis伴es叭Exercis敖es班Problem盎s埃Problem胺s盎1. Disc傲uss why唉 corpor扮a-邦tions i奧nvest i礙n debt 懊and鞍stock s懊ecuriti扮es.1按2. Expl翱ain the癌 accoun藹ting2, 3, 4111A, 2A1B, 2B氨for deb扒t inves版tments.搬3. Expl凹a

2、in the拌 accoun背ting佰for sto靶ck inve矮stments瓣.藹5, 6, 7壩, 8,9, 102, 3藹2, 3, 4班, 5霸2A, 3A,般 4A,5A罷2B, 3B,唉 4B,5B藹4. Desc辦ribe th翱e use o鞍f挨consoli擺dated f耙inancia拜l爸stateme扮nts.11笆5. Indi艾cate ho扒w debt 罷and啊stock i捌nvestme疤nts are搬12, 13,矮 14,白15, 16,翱 17,矮4, 5, 6哀, 7,86, 7, 8佰1A, 2A,岸 3A,5A, 6A笆1B, 2

3、B,柏 3B,5B, 6B靶valued 拜and rep愛orted o案n隘the fin懊ancial 哎stateme八nts.18澳6. Dist熬inguish瓣 betwee頒n195, 7, 86, 7, 8隘1A, 2A,敖 3A,伴1B, 2B,骯 3B,靶short-t藹erm and捌 long-t按erm巴investm癌ents.5A, 6A5B, 6B白*7. Des般cribe t百he cont癌ent of 昂a9, 109, 107A7B白work sh按eet for癌 a cons邦oli-癌dated b哎alance 翱sheet.哀*8. Exp

4、藹lain th板e form 奧and20, 217A7B盎content柏 of con奧solidat藹ed fi-壩nancial疤 statem柏ents.熬*白Note:版 All罷 asteri頒sked佰 Questi傲ons, Ex癌ercises耙, and P斑roblems扮 relate礙 to mat熬erial c氨ontaine澳d in th爸e俺appendi把x to th哀e chapt澳er.13-1澳ASSIGNM敗ENT CHA暗RACTERI翱STICS T邦ABLEProblem愛Difficu班l(xiāng)tyTimeNumber1A白Descrip敖

5、tion翱Journal埃ize deb捌t inves稗tment t板ransact稗ions an扮d showLevel靶Moderat捌e扮Allotte敖d (min.辦)3040阿financi爸al stat柏ement p辦resenta拜tion.2A骯Journal哀ize inv暗estment暗 transa哎ctions,奧 prepar鞍e adjus芭ting胺Moderat霸e3040懊entry, 百and sho敖w state瓣ment pr澳esentat鞍ion.3A骯Journal般ize tra隘nsactio唉ns and 版adjusti耙n

6、g entr安y for s半tock般Moderat扮e3040按investm矮ents.4A邦Prepare盎 entrie懊s under唉 the co疤st and 懊equity 安methods盎, andSimple2030壩tabulat耙e diffe瓣rences.5A爸Journal埃ize sto鞍ck inve敗stment 搬t(yī)ransac捌tions a稗nd show吧 state-霸Moderat跋e4050佰ment pr扳esentat芭ion.6A*7A岸Prepare半 a bala班nce she唉et.懊Prepare絆 consol般i矮da

7、ted w傲ork she礙et and 藹balance凹 sheet壩Moderat頒eSimple30403040叭when co擺st exce埃eds boo叭k value熬.1B皚Journal敖ize deb跋t inves皚tment t藹ransact拔ions an骯d show板Moderat癌e3040襖financi版al stat靶ement p八resenta愛tion.2B捌Journal班ize inv壩estment哎 transa扒ctions,岸 pre扒pare ad柏justing熬Moderat安e3040霸entry, 疤and sho扮w s

8、tate翱ment pr叭esentat半ion.3B柏Journal半ize tra礙nsactio吧ns and 辦adjusti伴ng entr巴y for s隘tock拌Moderat凹e3040啊investm按ents.4B礙Prepare礙 entrie埃s under哀 the co俺st and 跋equity 俺methods案, andSimple2030絆tabulat啊e diffe癌rences.5B邦Journal皚ize sto礙ck inve佰stment 敖transac般tions a柏nd show皚 state-巴Moderat氨e4050邦ment

9、pr背esentat氨ion.6B*7B八Prepare版 a bala伴nce she白et.邦Prepare愛 consol班idated 翱work sh礙eet and矮 balanc巴e sheet八 when柏Moderat斑eSimple304030襖cost ex佰cee凹ds book傲 value.13-2搬BLOOMS靶 TAXONO愛MY TABL疤E13-3Correlation Chart between Blooms Taxonomy, Study Objectives and End-of-Chapter Exercises and ProblemsKnowle

10、dgeComprehensionApplicationAnalysisSynthesisEvaluationStudy Objective1. Discuss why corporations invest in Q13-1debt and stock securities.Q13-2Q13-3Q13-4Q13-5Q13-8Q13-9Q13-10Q13-6BE13-2BE13-3E13-2E13-3E13-4 E13-5P13-2AP13-3AP13-4AP13-5AP13-2BP13-3BP13-4BP13-5BE13-1P13-1AP13-2AP13-1BP13-2BBE13-12. Ex

11、plain the accounting for debtinvestments.Q13-73. Explain the accounting for stockinvestments.4. Describe the use of consolidatedfinancial statements.Q13-12Q13-17Q13-13Q13-18Q13-115. Indicate how debt and stockinvestments are valued andreported on the financialstatements.Q13-19BE13-7BE13-8P13-6AP13-6

12、BQ13-20Q13-21Financial ReportingComparative AnalysisExploring the WebCommunicationP13-7AP13-7BQ13-14Q13-16BE13-4BE13-7BE13-8P13-6AP13-6BQ13-15BE13-5BE13-6E13-6E13-7E13-8P13-1ABE13-5E13-6E13-7E13-8P13-1AP13-2AE13-10BE13-9BE13-10 P13-7AP13-7BE13-9P13-2AP13-3AP13-5AP13-1BP13-2BP13-3BP13-5BP13-3AP13-5AP

13、13-1BP13-2BP13-3BP13-5B6. Distinguish between short-termand long-term investments.*7. Describe the content of a worksheet for a consolidated balancesheet*8. Explain the form and content ofconsolidated financial statements.Broadening Your PerspectiveInterpreting Financial Research Case Ethics CaseA G

14、lobal Focus CookieStatementsChronicleGroup Decision Case班ANSWERS爸 TO QUE暗STIONS1.2.3.4.5.6.把The rea把sons co礙rporati礙ons inv疤est in 把securit按ies are哀: (1) t澳hey hav挨e exces瓣s cash 暗not nee疤ded for氨 op-罷eration愛s that 芭can be 耙investe爸d, (2) 芭to gene辦rate ad熬ditiona罷l earni扮ngs, an百d (3) s搬t(yī)rategi版c r

15、easo疤ns.佰(a) The皚 cost o凹f an in凹vestmen安t in bo板nds con阿sists o盎f the m佰arket p鞍rice of罷 the bo板nds plu翱s any b扳ro-礙kerage 愛fees.跋(b) Int哀erest i按s recor懊ded as 啊it is e敖arned; 癌that is斑, over 胺the lif背e of th稗e inves藹tment i鞍n bonds按.啊(a) Los八ses and胺 gains 版on the 辦sale of叭 debt i白nvestme俺nts are

16、奧 comput傲ed by c胺omparin拔g the c骯ost骯of the 斑bonds t耙o the n拔et proc疤eeds fr熬om the 跋sale.瓣(b) Los哀ses are案 report隘ed in t案he inco敗me stat跋ement u八nder ot爸her exp翱enses a凹nd loss奧es wher奧eas捌gains a半re repo骯rted un白der oth唉er reve拜nues an拌d gains岸.愛Sablow 稗Company芭 is inc班orrect.懊 The ga搬in is t佰he

17、diff鞍erence 岸between芭 the ne叭t proce俺eds, ex按clusive敗 of昂interes扮t, and 捌the cos靶t of th白e bonds佰. The c把orrect 鞍gain is拔 $4,000拜, or (鞍$45,000瓣 壩扮 $1,000佰) 扮俺 $40,00扮0.把The cos叭t of an敗 invest扒ment in阿 stock 襖include暗s all e氨xpendit扮ures ne癌cessary隘 to acq罷uire th扳e inves般t-案ment. T罷hese ex捌penditu

18、疤res inc八lude th案e actua奧l purch半ase pri愛ce plus八 any co阿mmissio癌ns or b艾roker-八age fee頒s.笆Brokera啊ge fees藹 are pa柏rt of t吧he cost半 of the把 invest捌ment. T疤herefor盎e, the 矮entry i叭s:柏Stock I癌nvestme案nts .疤.拌.半.骯.唉.爸.壩.芭.跋.唉.阿.百.拌.按.耙.哎Cash.班.奧.礙.傲.骯.跋.鞍.背.阿.鞍.艾.版.扮.擺.敖.跋.澳.63,50063,5007.8.9.10.啊(a) W

19、he襖never t霸he inve唉stor拔把s influ埃ence on唉 the op扳erating拌 and fi翱nancial百 activi跋ties of芭 the in般vestee 耙is敖signifi挨cant, t岸he equi跋ty meth哎od shou扳ld be u巴sed. Th埃e major凹 factor扮 in det愛erminin奧g signi爸ficant哎influen扳ce is t絆he perc版entage 頒of owne按rship i岸nterest罷 held b叭y the i癌nvestor吧 in the艾

20、invest罷ee. The柏general拌 guidel暗ine for佰 use of擺 the eq骯uity me鞍thod is八 20% or瓣 more o澳wnershi拔p inter癌est. Co搬mpa-背nies ar巴e requi捌red to 皚use jud扮gment, 襖however捌, rathe頒r than 癌blindly藹 follow八 the 20壩% guide岸line. F靶or佰example罷, 25% o靶wnershi按p in a 芭company安 that i案s 75% c哎ontroll鞍ed by a八nothe

21、r 搬organiz敗ation w藹ould暗not ind襖icate s瓣ignific挨ant inf般luence.絆(b) Rev板enue is敗 recogn昂ized as靶 it is 背earned 哎by the 斑investe鞍e.傲Since D般iaz Cor哎poratio氨n uses 拌the equ疤ity met哀hod, th八e incom敖e repor絆ted by 捌Victor 氨Packing傲 ($80,0拔00)藹should 瓣be mult稗iplied 胺by Diaz般叭s owner捌ship in奧terest 阿(25%

22、) a熬nd the 芭result 瓣($20,00襖0) shou搬ld be d熬eb-扒ited to拜 Stock 氨Investm案ents an耙d credi拜ted to 按Revenue搬 from I百nvestme皚nt in V盎ictor P稗acking.叭 Also, 礙of the艾total d辦ividend叭 declar案ed and 翱paid by氨 Victor隘 ($10,0白00) Dia翱z will 凹receive鞍 25% or隘 $2,500埃. This奧amount 襖should 襖be debi辦ted to 靶Cash a

23、n跋d credi白ted to 壩Stock I百nvestme半nts.壩Signifi骯cant in懊fluence半 over a暗n inves礙tee may愛 result案 from r耙epresen拔tation 巴on the 柏board o敗f direc擺tors,半partici藹pation 笆in poli版cy-maki巴ng proc矮esses, 扳and mat扒erial i癌ntercom半pany tr瓣ansacti按ons. An襖 invest瓣ment盎(direct藹 or ind皚irect) 拔of 20% 把or more矮 o

24、f the爸 voting跋 stock 芭of an i拜nvestee耙 consti皚tutes s班ignific靶ant inf百lu-敖ence un鞍l(fā)ess th拜ere exi啊sts evi襖dence t叭o the c氨ontrary柏.芭Under t巴he cost澳 method敖, an in吧vestmen挨t is or爸iginall艾y recor耙ded and拌 report瓣ed at c案ost. Di澳vidends阿 are凹recorde懊d as re叭venue. 敖In subs阿equent 熬periods昂, it is藹 ad

25、just百ed to f盎air val愛ue and 疤an unre搬alized 般holding澳gain or八 loss i絆s recog巴nized a扳nd incl盎uded in壩 income稗 (tradi按ng secu笆rity) o隘r as a 藹separat藹e compo熬nent岸of stoc哀kholder柏s按捌 equity奧 (avail扳able-fo頒r-sale 白securit熬y). Und俺er the 拜equity 罷method,擺 the in唉vestmen巴t is13-4案Questio斑ns Chap隘ter 13

26、襖 (Conti巴nued)拜origina罷lly rec愛orded a敖nd repo把rted at百 cost; 捌subsequ鞍ently, 爸the inv昂estment瓣 accoun愛t is ad翱justed 伴dur-礙ing eac暗h perio唉d for t巴he inve哀stor背挨s share敗 of the案 earnin岸gs or l白osses o邦f the i鞍nvestee擺. The i白nvestor胺骯s哎share o氨f the i矮nvestee氨愛s earni巴ngs is 澳recogni佰zed in 疤the ea

27、r爸nings o壩f the i艾nvestor敗. Divid斑ends皚receive霸d from 把the inv搬estee a背re redu爸ctions 板in the 邦carryin稗g amoun瓣t of th拔e inves骯tment.11.12.佰Consoli耙dated f藹inancia吧l state傲ments p拔resent 澳the det澳ails of傲 the as耙sets an靶d liabi昂lities 扮control奧led by斑the par艾ent com奧pany an擺d the a柏ggregat哀e profi矮t

28、abilit捌y of th班e affil壩iated c胺ompanie辦s.矮The val跋uation 背and rep八orting 瓣of inve斑stments扒 is as 翱follows哀:藹Categor頒yTrading班Availab八le-for-辦sale扮Valuati扒on and 拜Reporti爸ng凹At fair翱 value 伴with ch按anges r艾eported搬 in net哎 income盎At fair般 value 芭with ch拌anges a礙djusted百 throug啊h stock笆holders矮啊 equit

29、y爸Additio暗nally, 白debt se礙curitie癌s which靶 are in挨tended 矮to be h絆eld to 扒maturit稗y will 辦be repo唉rted at氨amortiz昂ed cost澳.傲Investm拔ents re芭corded 傲under t伴he equi懊ty meth癌od are 捌reporte般d at th壩eir car昂rying v敖alue. T般he car-罷rying v俺alue is搬 the co壩st adju癌sted fo白r the i皚nvestor傲柏s share班 of the

30、把 invest芭ee柏扒s incom安e and d白ivi-哀dends r澳eceived敗.13.鞍Jane sh艾ould re八port th昂e data 吧as foll白ows:(1)巴Under c巴urrent 盎assets 頒in the 跋balance扒 sheet:鞍Short-t八erm inv壩estment岸, at fa奧ir valu吧e.笆.扳.氨.巴.鞍.瓣.傲.隘.芭.罷.板$72,000罷)(2)白Under o熬ther ex拌penses 扮and los翱ses in 絆the inc愛ome sta稗tement:鞍Unreali芭z

31、ed los案s on tr襖ading s芭ecuriti壩es .阿.笆.頒.敖.半.阿.邦.叭.凹.$2,000)14.暗Jane sh扮ould re啊port th愛e data 按as foll俺ows:(1)巴Under i背nvestme瓣nts in 案the bal罷ance sh叭eet:班Investm俺ent in 哎stock o頒f less 按than 20埃% owned胺 compan拔ies, at胺 fair v跋alue .翱.艾$72,000拔)(2)邦Under s骯tockhol拔ders暗佰 equity扮 in the耙 balanc佰e s

32、heet拔:芭Less: U斑nrealiz辦ed loss皚 on ava白ilable-扳for-sal頒e secur奧ities.扒.拌.擺.矮.擺.擺$(2,000半)15.隘The ent唉ry is:暗Market 奧Adjustm罷ent疤稗Availab版le-for-笆Sale.昂.頒.跋.澳.背.矮.把.哎.熬.扮Unreali班zed Gai癌n or Lo凹ss耙百Equity.疤.安.啊.搬.疤.熬.頒.艾.頒.襖.15,00015,00016.巴The ent搬ry is:哎Market 八Adjustm八ent奧矮Trading哎 .絆.扮.愛.哎.矮.白.佰.

33、頒.白.吧.扮.背Unreali絆zed Gai邦n擺氨Income 叭.絆.佰.澳.拌.把.俺.搬.班.安.跋.哀.15,00015,00017.挨Unreali搬zed Los哀s胺傲Equity 愛is repo埃rted as瓣 a dedu翱ction f昂rom sto百ckholde芭rs藹疤 equity巴. The u拌nrealiz稗ed半loss is哀 not in胺cluded 唉in the 敗computa靶tion of骯 net in擺come.13-5辦Questio疤ns Chap礙ter 13辦 (Conti胺nued)埃18.擺 Report拔ing

34、Unr骯ealized懊 Gains 扒(Losses叭)藹辦Equity 吧in the 絆stockho壩lders壩艾 equity哀 sectio邦n serve愛s two吧importa般nt purp靶oses: (扒1) it r耙educes 柏the vol按atility熬 of net爸 income背 due to愛 fluctu白ations 扮in fair澳 value,皚and (2)隘 it inf拜orms th八e finan般cial st澳atement壩 user o岸f the g哀ain or 挨loss th敗at woul懊d occur稗

35、 if the疤 secu-安rities 叭were so絆ld at f壩air val岸ue.把19.藹 The in拌vestmen扒t in Iv阿y Corpo半ration 拌stock i百s a lon案g-term 愛investm稗ent bec頒ause th岸ere is 叭no inte按nt叭to conv俺ert the壩 stock 般into ca懊sh with班in a ye拜ar or t霸he oper八ating c巴ycle, w啊hicheve百r is lo半nger.絆*20.岸 (a)(b)耙The par敖ent com懊pany柏熬s

36、 inves敖tment i佰n the s拔ubsidia霸ry伴岸s commo啊n stock跋 and th翱e subsi邦diary霸唉s扒stockho巴lders絆傲 equity壩 accoun巴t balan艾ces are拔 elimin霸ated.笆The Inv吧estment叭 accoun敖t repre版sents a瓣n inter澳est in 班the net半 assets矮 of the啊 subsid般iary. T白he bal-瓣ance sh跋eet of 啊the sub扒sidiary啊 lists 癌all its翱 assets胺 an

37、d li斑abiliti邦es (the凹 net as斑sets). 罷Therefo靶re,半there w耙ould be吧 a doub伴le coun懊ting of昂 net as皚sets. S搬imilarl啊y, ther俺e would奧 be a d傲ouble c矮ounting癌in stoc胺kholder隘s奧胺 equi拜ty beca捌use all絆 the co藹mmon st癌ock of 頒the sub唉sidiary搬 is own澳ed by t伴he藹stockho笆lders o般f the p跋arent.頒*21.敖 The re扳mai

38、ning版 excess俺 $8,000胺, $318懊,000白扒 ($290,矮000 + $澳20,000)吧 shoul骯d be al板located敖 to八goodwil扳l and p班resente矮d in th霸e conso霸lidated辦 balanc芭e sheet拌 as Int耙angible瓣 assets胺瓣Goodwil敖l.13-6襖SOLUTIO靶NS TO B擺RIEF EX背ERCISES唉BRIEF E岸XERCISE翱 13-1Jan. 1July 1扮Debt In按vestmen白ts .白.奧.熬.半.熬.半.靶.伴Cash.扮.安.扮

39、.拌.案.愛.瓣.昂.唉.澳.哀Cash.澳.扒.耙.疤.澳.礙.霸.昂.骯.板.罷.暗Interes稗t Reven捌ue.暗.背.伴.背.敗.稗.46,8002,34046,8002,340爸BRIEF E敗XERCISE傲 13-2Aug. 1Dec. 1礙Stock I熬nvestme礙nts .叭.柏.奧.搬.把.叭.佰.啊Cash.傲.把.艾.按.暗.百.把.哎.哀.半.癌Cash.按.霸.藹.敗.壩.拌.翱.隘.愛.疤.邦.胺Stock I邦nvestme瓣nts .藹.耙.八.艾.跋.耙.八Gain on翱 Sale o頒f Stock伴 Invest班ments .耙.百.3

40、5,60040,00035,60035,6004,400藹BRIEF E八XERCISE氨 13-3Dec. 3131板Stock I斑nvestme挨nts .壩.澳.辦.敗.爸.凹.班.絆Revenue白 from I叭nvestme按nt in H傲yde白Company埃 (30% X把 $180,0擺00) .巴.埃.奧.八Cash (3皚0% X $5笆0,000).笆.岸.敖.伴.暗.擺.奧.背Stock I皚nvestme隘nts .扳.辦.敗.澳.笆.跋.54,00015,00054,00015,000藹BRIEF E矮XERCISE唉 13-4Dec. 31皚Unreali

41、伴zed Los扒s邦凹Income 懊.半.癌.矮.芭.板.岸Market 吧Adjustm敖ent哀挨Trading扒 .半.瓣.藹.按($64,00絆0 罷版 $59,00拜0)13-75,0005,000鞍BRIEF E芭XERCISE氨 13-5耙Balance熬 Sheet辦Current把 assets罷Short-t挨erm inv藹estment愛s, at f皚air val昂ue.按.斑.班.頒.骯.疤.扳Income 盎Stateme懊nt阿Other e艾xpenses盎 and lo阿sses靶Unreali艾zed los絆s on tr擺ading s板ecur

42、iti礙es .班.背.凹.板.巴.耙.艾BRIEF E案XERCISE板 13-6$59,000(5,000)Dec. 31扳Unreali霸zed Gai皚n or Lo奧ss挨般Equity 暗.白.哀.把.巴.靶Market 俺Adjustm板ent澳翱Availab拌le-for-八Sale .背.4,0004,000愛The unr吧ealized阿 loss i矮s repor靶ted as 熬a deduc耙tion fr啊om stoc板kholder辦s白翱 equity背.稗BRIEF E案XERCISE敖 13-7瓣Balance氨 Sheet版Investm壩ents

43、礙Investm白ent in 拜stock o矮f less 跋than 20愛% owned安compani罷es, at 版fair va敗lue .骯.暗.敖.胺.吧.凹.辦.耙.班.澳Stockho芭lders壩白 equity安Less un笆realize愛d loss 矮on avai按lable-f耙or-sale霸 securi艾ties .哀.案.襖BRIEF E懊XERCISE凹 13-8瓣Investm按ents按Investm傲ent in 啊stock o鞍f less 柏than 20岸% owned艾compani百es, at 按fair va辦lue .柏

44、.疤.扮.八.哎.伴.艾.佰.把.隘Investm扳ent in 翱stock o愛f 20吧疤50% own爸ed comp般anies,凹at equi爸ty .鞍.挨.耙.扒.笆.襖.半.叭.伴.扳.阿.唉.背.按Total i傲nvestme暗nts .擺.癌.岸.扳.把.俺.柏.拔.佰.背.13-8隘$68,000百)耙$(4,000埃)唉$115,00跋0250,000爸$365,00耙0矮*BRIEF 哀EXERCIS矮E 13-9辦Elimina挨tionsPaulaShannon愛Consoli礙datedCompanyCompanyDr.Cr.Data把Investm芭en

45、t inShannon辦Common 罷Stock盎Common 愛Stock跋Retaine拜d Earni巴ngs190,000120,00070,000120,00070,000190,000000巴*BRIEF 跋EXERCIS爸E 13-10班Elimina愛tionsPaulaShannon癌Consoli拌datedCompanyCompanyDr.Cr.Data皚Investm罷ent inShannon爸Common 白Stock200,000200,0000芭Excess 凹of Cost矮Over Bo澳ok Valu啊e10,00010,000爸Common 哎Stoc

46、k澳Retaine霸d Earni頒ngs120,00070,000120,00070,0000013-9霸SOLUTIO澳NS TO E胺XERCISE罷S叭EXERCIS班E 13-1案(a) Jan哎. 1July 11伴(b) Dec俺. 31俺Debt In版vestmen芭ts.叭.啊.半.懊.奧.礙.背Cash ($扳60,000 扒+ $900)暗.半.捌.邦.艾Cash ($癌60,000 柏X 8% X 霸1/2).藹.扳.氨.靶.敖Interes挨t Reven傲ue .背.吧.藹.案.啊.跋Cash ($耙34,000 澳唉 $500).埃.伴.笆.稗.頒.扳Debt

47、In絆vestmen阿ts.擺.絆.爸.耙.班.頒($60,90扮0 X 1/2班)澳Gain on暗 Sale o藹f Debt 捌Invest-搬ments (版$33,500半 翱柏 $30,45瓣0) .案.骯.拜Interes八t Recei絆vable.拌.辦.扒.哀.藹.瓣.胺Interes胺t Reven隘ue .奧.唉.頒.笆.鞍.60,9002,40033,5001,20060,9002,40030,4503,0501,200隘($30,00白0 X 8% 艾X 1/2)鞍EXERCIS笆E 13-2佰(a) Feb版. 1July 1Sept. 1Dec. 1伴Stock

48、 I霸nvestme按nts.佰.矮.擺.把.唉.吧.伴Cash ($啊8,000 +八 $200).壩.般.敗.班.癌Cash (8版00 X $1熬).襖.靶.胺.哀.凹.扳.按Dividen擺d Reven案ue.白.暗.按.奧.霸.瓣Cash ($版4,400 辦阿 $100).傲.俺.胺.扮.絆.凹.凹Stock I拜nvestme矮nts.佰.霸.盎.爸.岸.藹($8,200愛 X 3/8)佰Gain on白 Sale o癌f Stock矮 Invest跋-吧ments (安$4,300 翱啊 $3,075昂).扒.耙.唉Cash (5瓣00 X $1靶).耙.藹.巴.胺.靶.埃.

49、爸Dividen背d Reven稗ue.氨.癌.芭.擺.盎.8,2008004,3005008,2008003,0751,225500疤(b) Div氨idend r頒evenue 氨and the霸 gain o把n sale 藹of stoc凹k inves叭tments 癌are敖reporte佰d under壩 other 敗revenue柏s and g扒ains in辦 the in柏come st瓣atement把.13-10阿EXERCIS愛E 13-3Jan. 1July 1Dec. 1Dec. 31般Stock I八nvestme拔nts .霸.傲.暗.挨.俺.敗.矮.半C

50、ash ($奧140,000翱 + $2,1版00) .扮.扮.壩.扒.敗Cash (2俺,000 X 熬$3).熬.啊.邦.哀.拌.百.唉.跋Dividen敖d Reven皚ue .叭.耙.挨.巴.敖.哎Cash ($澳37,000 拜阿 $800) 壩.氨.班.翱.巴.扮.斑Stock I安nvestme敖nts ($1扳42,100 靶X 1/4) 哎.俺Gain on拜 Sale o哎f Stock癌 Invest芭ments .案.班Cash (1艾,500 X 頒$3).班.絆.安.扮.愛.版.爸.岸Dividen叭d Reven岸ue .巴.板.叭.案.笆.142,1006,00

51、036,2004,500142,1006,00035,5256754,500氨EXERCIS哎E 13-4骯(a) Jan巴. 1Dec. 3131埃Stock I盎nvestme按nts .凹.背.瓣.壩.昂.奧Cash.昂.耙.叭.版.霸.搬.骯.邦.板Cash ($笆60,000 哀X 30%).暗.伴.跋.絆.挨.巴Stock I背nvestme般nts .絆.阿.俺.敖.疤Stock I耙nvestme安nts .辦.八.巴.敖.罷.氨Revenue扳 from I癌nvestme笆nt in般Snapper愛 Corp. 壩.哎.邦.般.捌.絆($200,0按00 X 30阿%)1

52、80,00018,00060,000180,00018,00060,000暗(b) Inv昂estment矮 in Sna唉pper, J骯anuary 阿1 .背.藹.傲.巴.唉.襖.挨Less: D板ividend奧 receiv搬ed.唉.傲.奧.鞍.熬.皚.半.吧.邦.邦Plus: S叭hare of絆 report柏ed inco骯me.邦.背.斑.翱.隘.熬.阿.芭Investm頒ent in 安Snapper扮, Decem白ber 31.埃.氨.八.壩.皚.八.疤EXERCIS癌E 13-5霸(a) 200班6般$180,00跋0跋(18,000拌)60,000白$222,00

53、壩0Mar. 18凹Stock I矮nvestme岸nts .瓣.般.把.癌.敖.扳Cash (2藹00,000 懊X 10% X疤 $13).胺.半.13-11260,000260,000頒EXERCIS版E 13-5 稗(Contin皚ued)June 30Dec. 31翱Cash.凹.背.般.唉.拌.愛.扳.絆.佰.稗.背Dividen隘d Reven胺ue .板.翱.斑.捌.岸($60,00白0 X 10%阿)伴Market 巴Adjustm岸ent疤巴Availab敗le-for6,0006,000擺Sale.扮.班.挨.絆.搬.疤.邦.奧.罷.辦Unreali斑zed Gai胺n皚

54、拜Equity.柏.瓣.八.扳($300,0拔00 礙叭 $260,0捌00)40,00040,000皚(b) Jan壩.1背Stock I靶nvestme疤nts .傲.愛.阿.跋.隘.敗.佰Cash (3吧0,000 X拔 25% X 斑$9) .阿.傲.襖.67,50067,500June 15Dec. 31跋Cash.稗.芭.隘.伴.昂.唉.霸.疤.絆.跋.芭Stock I盎nvestme靶nts .皚.敗.唉.斑.芭($30,00稗0 X 25%哎)岸Stock I爸nvestme熬nts .百.盎.邦.骯.百.稗.拜Revenue絆 from I翱nvestme背nt in暗Gam

55、ma C懊orp. .埃.背.岸.靶.拔.7,50020,0007,50020,000襖($80,00疤0 X 25%襖)敗EXERCIS搬E 13-6俺(a) Dec八. 31(b)按Unreali班zed Los岸s擺吧Income 昂.爸.搬.案.鞍Market 吧Adjustm疤ent靶擺Trading罷 .按.氨Balance稗 Sheet6,0006,000骯Current搬 assets扒Short-t昂erm inv安estment唉s, at f吧air val把ue.奧.盎.昂.叭.隘.捌Income 班Stateme安nt罷Other e跋xpenses板 and lo唉

56、sses版Unreali百zed los扳s on tr骯ading s昂ecuriti埃es .凹.拜.扒.按.板.13-12$47,000$6,000耙EXERCIS敖E 13-7半(a) Dec把. 31(b)氨Unreali安zed Gai扮n or Lo拌ss凹叭Equity 班.挨.俺.藹Market 瓣Adjustm澳ent敗瓣Availab拔le-艾for-Sal傲e.扳.拔.盎.癌.靶.壩.捌.阿Balance胺 Sheet6,0006,000斑Investm藹ents胺Investm版ent in 白stock o板f less 隘than 20斑% owned奧compa

57、ni鞍es, at 岸fair va埃lue.邦.拜.按.熬.岸.懊.拔.柏Stockho熬lders板胺 equity傲Less: U敖nrealiz胺ed loss吧 on ava拜ilable-按for-sal按e愛securit版ies .俺.百.阿.奧.癌.稗.盎.氨.霸.壩.白$47,000凹)岸$(6,000氨)疤(c) Dea敖r Mr. I凹stanbel敖:癌Investm半ents wh疤ich are皚 classi敗fied as艾 tradin背g (held擺 for sa安le in t疤he near板term) a背re repo伴rted at礙 fair

58、 v把alue in斑 the ba愛lance s瓣heet, w跋ith unr隘ealized絆gains o挨r losse啊s repor埃ted in 柏net inc傲ome. In隘vestmen捌ts whic按h are c靶l(wèi)as-阿sified 隘as avai氨lable-f瓣or-sale傲 (held 頒longer 班than tr伴ading b愛ut not 傲to跋maturit扮y) are 隘also re俺ported 胺at fair哎 value,把 but un哀realize板d gains阿 or懊losses 跋are rep八orted

59、 i佰n the s案tockhol半ders扒凹 equity懊 sectio藹n.翱Fair va骯lue is 藹used as爸 the re阿porting柏 basis 絆because吧 it rep哀resents百 the藹cash re矮alizabl板e value愛 of the佰 securi頒ties. U絆nrealiz擺ed gain半s or lo白sses on巴trading頒 securi奧ties ar搬e repor絆ted in 頒the inc澳ome sta癌tement 般because芭 of把the lik埃elihood伴 that t

60、癌he secu凹rities 瓣will be案 sold a敗t fair 耙value i翱n the n罷ear矮term. U氨nrealiz壩ed gain熬s or lo百sses on愛 availa拌ble-for吧-sale s版ecuriti藹es are岸reporte按d in st鞍ockhold擺ers藹唉 equity絆 rather版 than i絆n incom捌e becau傲se ther版e半is a si哎gnifica翱nt chan伴ce that罷 future絆 change昂s in fa案ir valu百e will 敗reverse斑u