2023年江西財經(jīng)大學高級財務會計國際學院題庫

AdvaｎcｅdＡccoｕntinｇ,11e(Ｂeams／Anｔｈony/Bettｉｎghaｕs/Smith)Chapter7InｔeｒcompanｙPrｏfitTransaｃtions－ＢｏndsＭulｔipleＣｈoiceＱｕeｓtionｓ1）Iftheprｉcepaidbｙaparenｔcｏmｐanyｔoacquireｔhedｅbｔofａsubsidiarｙｉsgreaterｔhanｔhebookvａlueoftheｌiaｂｉlity,a___＿_＿__occuｒs．A)reａｌｉzeｄloｓsoｎthｅretｉreｍｅｎtofｄebtfroｍｔｈｅviewpｏintofｔhesuｂsｉdiaｒｙB)realizｅdgａinｏntｈereｔiremｅntoｆdeｂｔfromtheviewpｏｉntofthesubsｉdｉaｒyC）cｏｎstrucｔiveloｓｓontｈereｔireｍenｔoｆdｅbｔfromthevｉewpointoｆｔｈｅconｓolidａt(yī)eｄｅnｔｉｔyＤ)constructivegainoｎthｅrｅtirｅmｅntofdebｔfｒomtheviewpｏiｎｔofｔheconsoliｄateｄentityAnswer:CＯｂjectivｅ：LO1Dｉffｉculty:Eａsｙ2）Iｆanafｆｉliａt(yī)ｅpurchasesbｏndsintheopenmarkｅt,ｔｈｅbookvalueofｔｈeinteｒｃompanyｂonｄｌｉabilityatthｅｔｉmeｏfpurｃｈasｅiｓA)ａlwａｙｓassigｎedｔothｅpaｒentcｏmｐaｎybecauseithascontrol.B)tｈeparvalueoｆthｅboｎdslesｓtｈeｕnaｍｏrtiｚeddiｓｃountoｒpｌｕsｔheuｎamoｒｔiｚedpｒeｍiuｍ.C)parvalue.D）tｈepａrvalｕeofｔhebｏｎdｓｐlustheunａmortｉzeddiｓｃｏunｔｏrlesstｈeunａmoｒｔizｅdprｅmiuｍ.Answer：BObｊective:LO１Ｄiffｉcultｙ:Eaｓｙ3）Boｎdsissuedbyacｏｍpanｙreｍainoｎtheｉrbooksasalｉaｂｉlｉty，ｂutａrｅcoｎsiｄerｅdcｏnstructivｅｌyretiｒeｄｗhenA)ｔheｃompanyborrowsｍoneｙfroｍuｎａfｆiliaｔｅdentiｔieｓtore-puｒchaｓｅｉｔsownbondsatagaｉn.Ｂ)Theｃompanｙborrowsｍonｅyfromaｎaffiliatｅtorｅ-ｐurchａsｅｉtsowｎbondｓataｇain.C)Theｃoｍｐany＇spａrentorｓubsｉｄiａrypurchａsｅsthｅbｏndsfｒomoutsideentities．D)Thecompanｙｂｏrｒowsmｏｎeyfｒoｍanａfｆiｌiatetorepurchａｓeｉtsowｎｂonｄsatagainoｒatａｌoss.Anｓwer：ＣObｊective:ＬO１Difficulty:Eaｓy

Usethefollowinginｆoｒmａｔiontoanswertｈeｑuestion(s)belｏw.PａｓcalｉanＣomｐanｙｏwnsa90%ｉnｔeｒestinSapｐComｐaｎy.ＯnＪａnuary1,２023,Paｓcalｉaｎhａd$300，000，６%bonｄsｏｕtｓtandingwitｈanunａmortiｚedprｅmiumｏｆ＄9,０00.TｈｅｂonｄsmatuｒeonDecemｂｅr31,２023.Sappaｃqｕｉredone-thiｒdofＰascａliaｎ'sｂｏndｓｉnｔheopｅnｍarｋｅtfor$97,000ｏnＪanuａry1,２０23.Ｂoｔhcompａniesｕsestraight-linｅaｍortｉｚａt(yī)ｉonofbｏnddisｃouｎts／premiｕｍs.ＩntｅresｔiｓpａidonDecｅmber３1．ＯnDecember31,２023,thebooｋsofｔhｅtwｏaffｉｌiatesheldthｅfｏllｏwｉngbalaｎｃｅs:Pascaliａn'sbooｋs6%bondspａｙaｂle $３00,0０0Prｅmｉumｏnbonｄｓ 7,200Ｉｎｔerestexpｅnse?1６,200Sａpp'sｂoｏksInvｅsｔmentinPaｓcaliａnbonds?$９7,600Interestｉnｃome?６，6004）ThｅgainfromthebｏnｄpurｃｈａｓeｔhatａppｅaredonｔｈeDeceｍber31,20２3conｓolidatediｎcｏmesｔａt(yī)emeｎtｗasＡ)＄4，3２0.B)$4,８00.Ｃ）＄5，40０．D）$６,０00.Answeｒ：DEｘpｌａnation：D)BoｏkvaｌueｏfＰascaliａn＇sbondsacquiredｂｙSapｐequａls1/3times($30０,000＋＄9,00０) ＄103,0００Ｌeｓs:CostｏfａcｑuiｒiｎgPascaｌｉａnboｎdｓ?(97,000)Cｏnstｒuｃtｉvegａｉnonbonｄｓ?＄6，000Objeｃｔive：LO２Dｉfficulty:Moｄerate5)ConｓolｉdatedIｎｔerestExｐeｎｓｅandconsolidatedＩntｅrｅstIncｏme，respecｔｉvely,ｔhaｔappｅaｒｅdｏntｈeconsoliｄatedincomｅsｔaｔemｅntｆorｔheｙearenｄedDeceｍｂer３1,2０23wａｓA)$10,800and$0.B)$1０,800and$6,60０.Ｃ)$0and$0．D)$16,２０0and$6,６00.Answer：AＥｘｐlanaｔion:A）Ｃonsoｌidatedｉnteresteｘpensｅ=$16,200×2／３?$1０,800Ｏｂｊeｃｔｉｖe:LO２Diffｉｃulｔy:Moｄｅraｔｅ?6)PｒuｓsｉaCorporatｉｏnowns80％thｅvotinｇstockofStadＣｏrｐoratiｏｎ.OnJaｎｕａｒy1,2023,Prｕｓsiapaid＄３91,０00casｈfor$400,00０ｐaｒｏｆＳtad's10%$1,000,００0parｖaluｅｏuｔｓtandinｇbｏnds,dueonAｐｒil１,2023.Ｓtad＇sbondsｈaｄabookvaｌuｅof$1，045,000onＪａnuarｙ１，2０23.Stｒaｉghｔ-liｎeａmortｉｚatiｏｎｉsuｓeｄ．Thegainorloｓsonthｅconstｒｕctivereｔｉrementof$40０,０00ofStadｂonｄｓonＪanｕary1,2０23ｗａsreporｔｅdiｎthe202３ｃonｓoｌidaｔedｉｎｃｏmｅstaｔementｉｎtheamouｎtofA)$14,000.B）$２1,６０0.Ｃ)$２３,000.D)$27，000．Anｓｗｅr：DObjｅcｔｉve：LＯ２Diｆfｉcuｌｔｙ:ＭoderateＵｓethｅfｏlｌowiｎｇinｆoｒmａｔionｔoanｓweｒtｈeｑuestion(s)belｏｗ．PfａｄtInｃ.ｈad$600，000ｐaｒof8%ｂonｄｓpayablｅouｔstａndingonJaｎuａry1,2023dueＪａnuarｙ1,２02３wｉthanｕｎａmortizeddｉｓcｏuntof$12,00０．Senatisa90%-ownｅdsubsｉdiarｙoｆＰfaｄｔ.OｎJａnuary2，2０２３，SenatＣoｒｐoratｉonpurｃhased$１50，000parvａlueofＰfadt'ｓoutｓtandingbondｓfｏr$１5２，0０0.ThebｏndshaveinterestpaymｅntdatesofJanuａry1aｎｄＪｕｌｙ1.Ｓtraｉght-lｉneamorｔizationｉsused.7)Ｗｉtｈｒｅspeｃttoｔｈebondpｕrchaｓe,ｔhｅcｏnsｏｌｉdatedinｃｏmeｓtａt(yī)emｅｎｔｏfPfadｔCoｒporatiｏnａnｄSubsidｉaｒyfor20２3sｈowedaｇainorloｓsoｆA)$4，５00．B)$5，000．C）$10,80０．D)$12,０00.Anｓｗer：ＢEｘｐlanaｔion:Ｂ)[($5８8,000×０.25）－＄152,00０]Objective:LO２Dｉfficuｌty:Ｍoderate８）ＢoｎdIntｅｒeｓtReｃｅｉvaｂｌefｏr202３ｏｆＰｆａdｔ'sｂondsｏnSenａｔ'sｂｏoｋswaｓA)$5,4０0.B）＄6，00０．C)$1０，8００.Ｄ)$1２,０00.Answeｒ:ＢExｐlanatｉon:Ｂ)[$１50，000×8%×1/2］Oｂjective:LO2Ｄiffｉcｕltｙ：Ｍoｄeｒａt(yī)e

9)BｏnｄsPａyａbｌｅappｅａrediｎthｅDｅcember３1,2023ｃonsolｉdatｅdbalａnceshｅｅtofPfaｄtCoｒpoｒatioｎａndSuｂｓidiaryiｎtheａmountｏｆＡ)$398,９25.Ｂ）$441,０0０.C)$４43,２50.D)$４5０,0０0.Ａnsｗer:CＥxplanaｔion:C)［$591,０00×７5%]Objｅctive：LO2Dｉfｆｉcｕlｔy:Modeｒａt(yī)ｅUｓeｔhefolｌowiｎginｆｏrmatｉｏntｏａｎswerｔheqｕｅｓtion(s)below.PleｎtyCorporａt(yī)ionissuedsｉxthｏusand,＄1,0０0par,6%bｏnｄｓonＪａnuａry1,２023,atpaｒ.ＩntｅｒｅstispａiｄonJａｎｕary1andＪuly１ｏｆeachyｅａr;theboｎｄsmaｔureonＪaｎuaｒｙ1,2０2３.OｎJanuaｒy２,2023,ＳcｒawnCorｐｏratiｏn,a75%－owｎedsｕbsidｉarｙofPｌeｎtｙ,ｐuｒchased3,000oｆｔhebondsonthｅoｐeｎmarketat１０2.50．Ｐl(wèi)entｙ'ssepａｒateｎetincomｅfor２0２3inclｕdｅdtheanｎuａlinteｒｅstexpeｎsefoｒall3,000bonds.Scrａwn'sｓepａrateｎetiｎｃomｅfor2０23was$400,000,whｉchｉncludeｄｔhebｏｎdｉｎｔereｓｔrｅcｅｉvedonＪｕly1ａsｗellaｓｔheaｃcｒｕaloｆｂondinｔeｒｅstrevｅnuｅearnedonDｅcemｂer31.Ｂothｃoｍpanieｓuseｓtraigｈt-lineaｍortizａt(yī)ionofboｎddisｃountｓ/ｐremｉums.1０)Whaｔｗaｓｔｈeａmoｕnｔofgａinｏｒ(loss)fromtheintｅｒcompａnypｕrcｈasｅｏfPlenty＇sbondｓonJanuaｒy2,2０23?Ａ)$(５6,2５０)B）＄(７5,0００)C)$7５,000D)$５6,2５0Ansｗeｒ：BExplanａt(yī)iｏn:B)Toｔａlboｏｋvalｕeaｃquiｒｅd=＄6，000,000×5０% $３,０00,００0Puｒchaseprｉｃe3，000×$1,025?3，075,0０0Losｓｏnｃoｎsｔrｕctｉveｒｅｔｉｒemenｔ $7５,000Objeｃtｉvｅ:LO２Dｉfｆiｃuｌｔｙ:Mｏderａt(yī)e?11)Ｉfｔｈeｂonｄswereoriｇiｎaｌlyｉssueｄat1０6,aｎd80%oｆｔhemｗeｒepurchasedbｙＳcrawnｏnJanｕarｙ2,２０23at98,tｈeｇainor(lｏss)fromtｈeiｎtｅｒcomｐanyｐurｃhaｓeｗasA)$(384，０00)．B)＄(211，２０0)．C）$２11,200.D)$384,000.Anｓweｒ:ＣExplａｎation：C)BoｏkvａlueatJanuary2,2023eｑｕａlｓ$６,36０,０00mｉｎｕs＄2１6，0０0=?$６,１4４,000Percenｔagｅofbｏｎdsaｃquｉｒeｄ ８０%Eｑｕalｓbookvaluｅａcqｕiｒed 4，9１5,20０Puｒchasｅprice4,８00bonｄｓ×$980=?４,704，０00Gainｏncoｎstructｉｖeretirｅｍent＝?＄２11,200Objecｔivｅ:LO2Diffiｃｕｌｔy：Moderatｅ12)Ｉfｔhebonｄｓwereorigiｎallyissuedat10３，aｎｄ70%ｏftｈｅmｗerｅpurchaseｄonJaｎuａrｙ2，20２３at１０4，thecｏnｓtrucｔivegainor(ｌoｓs)onthepuｒｃhaｓｅｗaｓA）＄(14２,8０0).B)$(42,0００).C）＄４2，0００.D)$14２，8００.Answｅr:AExｐlaｎａt(yī)ｉoｎ:Ａ)BoｏkvalｕeａｔJａnuarｙ2,２０２3ｅquaｌs＄6,１80,000minus$144,000?$６,0３6,０00Pｅｒcｅntageofbｏndsａcｑuiｒed?70%Eqｕalｓbookｖaluｅacquireｄ 4,225,200Ｐurcｈasepriｃe4，200bｏnds×$１,040 4,368,000Lossｏnconstrｕctｉｖｅretirement ＄142,800Objecｔive：LO2Dｉfficulｔy:Moderate1３）Usingｔhｅorigiｎalｉnfoｒmaｔｉon,thｅａmｏｕnｔoｆconｓolidａt(yī)edＩnｔerestExpensefor2０２3ｗasA)$135,０00.B)$180,00０.C)$270，0０0．D)$３60，0００．Ａnswer:ＢExｐlanａt(yī)ion:B)（$6，00０,000-$3,０00,000)×6%Ｏbjectｉve:LO2Difｆiｃuｌty:Moderａt(yī)e

１4）Usingtｈeoriginａｌiｎformaｔiｏn，tｈebalanｃｅsfortheBonｄｓＰayableandBondIntｅｒestＰayaｂleaｃcoｕｎｔs,reｓpｅctively,oｎthecoｎsolｉdａｔｅdbalａncesheetforDｅceｍbｅr３1,２0２３wereＡ）＄3，0００，00０ａnd$９0,000.B)$3,0０0，０00and$180,000.C)$6,00０，000anｄ$90,000.D)$6,00０,００0aｎｄ$１８0,000．Ansｗer:AExplanａt(yī)ｉoｎ:A)Bondspayable$６，0０0，0０0miｎusｂonｄsheldｂyScrａwnoｆ＄3，000,000.InterｅstaccｒuedonDeｃemｂer3１，2023willbeｔheｉｎterestonboｎdsｈeｌdｂｙnon－affiliatesor$３,000,００0×6%×1／2yｅaｒＯｂjeｃtive:LO2,3Difficultｙ:Moｄerate15）Usｉｎｇtｈｅoｒiginalinformａｔｉｏn,tｈｅelｉminatｉonｅntriesonthecoｎsｏｌidａｔionｗoｒkｉnｇpapｅrｓprepａｒｅdｏｎＤｅcember３1,2０２3incｌuｄedａt(yī)lｅasｔA)debｉttoＢｏnｄIｎtｅrestExpenｓefor$360，000.B)credｉtｔｏＢoｎdInteｒｅstEｘpensefoｒ$180,0００aｎｄaｄeｂittｏBｏndInｔeｒestPａyaｂlefor$90,000.C)ｃredittoBｏndＩｎｔｅｒeｓtRecｅivablefｏｒ＄1８0,０00.Ｄ)dｅbittoBonｄＩntｅｒesｔReｖenｕefor＄３60,０00.Aｎswer:BObｊecｔivｅ:LO２Dｉffｉculｔy:Moｄｅraｔe１６)Nｏcoｎｓｔｒｕｃｔivｅｇａiｎorlｏssarｉseｓｆromtｈepurchａsｅoｆａnafｆilｉａt(yī)e＇ｓbｏndsｉftheA）aｆfilｉateisa10０%-ownedsｕbｓidiary.Ｂ)bondsareｐｕrchaｓedａt(yī)bｏokvalｕe．Ｃ)bondsareｐurchasedｗｉtｈarｍ＇s－ｌeｎgtｈbaｒｇainingfroｍoｕtsideentitiｅｓ.Ｄ)gaｉnorloｓscannoｔbeｒｅasonａbｌｙesｔｉmated.Ansｗer:ＢObjectiｖe：LO1Ｄｉffiｃulｔy:Eaｓy1７)Ｔｈerearｅsｅｖerａlｔhｅｏriesforallocatingcｏｎｓtrｕｃｔivegａinsorｌｏｓｓｅsｂｅｔｗeenｐuｒcｈasingandissｕinｇaffｉliａt(yī)es.TheAｇeｎcyTheoryA）doｅssobasｅｄontｈeparvａlｕeofthebｏｎdspuｒｃhased.Ｂ）assignsｔhｅentiｒecｏnsｔrucｔivegainorlosstｏthepareｎtbaｓｅdontheｉrｃonｔroｌofthedｅcｉｓiｏｎtoｐｕｒcｈaｓｅthebｏnｄｓ.C)assｉgｎstheentiｒeconsｔｒucｔiveｇaiｎoｒlｏｓstothｅsubｓidiarｙbａｓedｏｎtheｎeedｔｏhavｅtｈｅnonｃonｔrｏllｉngｉnterestsharｅintheretｉreｍentoftｈeｄebt.D)asｓignsｔhｅentirｅconｓtrucｔivｅgainoｒlｏsstｏwhicｈeveｒcompａnyissuedthebonds.Answeｒ:DObjective:LO1Diｆfｉｃｕlｔy：Eaｓy?１8)ＰickleIｎcorporatｅｄacqｕirｅdａ$1０,０00bondoriｇinaｌlｙiｓｓuedbｙiｔｓ80%－oｗneｄsubsidｉaryonJanuary２,２0２3.Tｈebonｄｗasisｓuediｎapriｏryeａrfor$11,250,ｍatｕresJanuａry1，2０２3,ａndpａys9％inｔeｒeｓtatＤecembｅr31．Tｈeboｎd'sbｏokvａlueatJanｕａrｙ2，２02３is$１０,６25,andＰiｃklepaid$９,500toｐurｃhaseit.Sｔraigｈt-lineamortizaｔｉonｉsｕｓedbyｂｏthcompａnies.Ｈowmuｃhｉnterｅｓtincomeshouldbeeliminaｔｅｄin２0２3？A)$７20B)＄800C)$90０D)$１，000Aｎｓwｅr：DEｘplanａt(yī)ioｎ:Ｄ）$9,５０0-$10,000=diｓcouｎttoaｍortizｅaｓinteｒｅsｔeｘpeｎseoｖer5ｙears，ｏr＄１00peryｅar+$９00paidbyｉｓsuer．Objｅctｉve:ＬO２,3Diｆfiｃultｙ:ModｅｒateＵsｅthｅfｏｌｌowinginｆormationtｏａnswerthequestioｎ(ｓ)bｅlow.ＰoeCｏrporaｔionownsan80%iｎterｅstinＳｅriCompanｙacquireｄatbｏokｖaｌueseveｒａｌｙearsagｏ.OnJaｎuaｒy2,2023，Seｒipurcｈasｅｄ＄1００,0０0paｒoｆPoe'soutstａnｄｉｎg10％bonｄsfor$１03,０００.TheｂondswerｅiｓsｕedatpａｒａｎdmatuｒeｏｎJａnuary１，20２３.Sｔrａight-ｌineａmorｔizａt(yī)ｉonisuｓed.ＳeparatｅinｃｏmｅsofPoeａndSerifｏｒ２023ａｒｅ$3５０,００0and$120，０00,ｒeｓpeｃtｉvｅlｙ.PoeｕsｅｓtheequiｔｙmeｔhｏdtoacｃouｎｔｆortｈｅinvesｔmｅｎtinSeri.19)Contｒoｌliｎｇｉｎtereｓｔshareofｃonsoｌiｄatedｎｅtiｎcoｍefor202３wａｓA）$４43,６０0.B）$4４4，0０0.C)$4４4,400.Ｄ）$448,000.Answer：BＥxpｌａｎation:Ｂ)Ｐoｅ'ｓｓepａratｅｉｎcoｍｅ ＄350,000IncoｍefrｏｍSeri(＄1２0,０00×８0％)?９6,000Ｌeｓｓ:LｏｓｓoncoｎstrｕctiveretiｒementofPoebonds （3,000)Ｐl(wèi)us:Ｐｉeceｍeａlｒeｃognｉｔioｎofｔhecｏnstrｕｃｔｉveｌoss($3,００0／3ｙears) 1,000Ｃontrolｌinginterestｓharｅ ＄444，０0０Objｅctive：LO4Ｄｉffｉculty:Moｄｅrate20）Noncｏntrollingｉnterestsharｅfor２０23waｓＡ)$23,000.B)$23，6００.Ｃ)$24，000.D）＄24,40０.Anｓwer:CExｐｌanaｔion:C)ＳiｎcｅPoeｉsｔhｅissuｉngｅntity,tｈegaiｎｏrlossisｎｏtallｏｃatｅdｔotｈeｎoncｏｎtroｌｌｉngｉｎtereｓｔ.Thｅnoncｏnｔｒolliｎgintｅreｓtsｈａｒeis（$１２0,0０0×2０%)=$２４,000.Obｊeｃｔｉve:ＬO4Dｉfficulty:ＭoderateExercises１)Sｅｐarａt(yī)ecompanyaｎdconｓolｉdａt(yī)ediｎcｏmestatementsｆoｒPitｔaandSoｊouｒnCｏrpｏｒationsfoｒtheｙeａreｎdeｄDeｃｅmbｅｒ３1,2０23arｅｓummaｒizedasfoｌlows：?Ｐitta?Sｏujｏｕrn ConsolｉdateｄSalｅsＲeｖｅnue $500，０00 $10０,０0０?＄6００,000ＩncoｍeｆrｏｍSojourn 19，9０0 ?Bondinterestincｏmｅ??6,0０0 Gainｏｎboｎdｒetｉｒｅｍent ?3,０00Ｔotａlｒevenueｓ?51９，9００ 1０６，000 603,000 ?Costoｆsales $2８0,000?$50,0０0 $330,00０Bondｉnterestexpeｎsｅ 9,00０ 3，600Othｅrexpenses １２0，900?31,０00 1５1,90０Ｔotaleｘpｅnses?409，９０0 81,000?48５,500Ｃonｓolｉdatｅdnetiｎcｏme? 117,50０Ｎoncontrollinginteｒestsｈarｅ? 7,500SeparateｎｅtｉncomeaｎdCｏｎtｒoｌ.inｔerestshaｒeinconsｏlidaｔｅｄｎｅtiｎcome $110,0０0?$25，000?$１1０,000Theintｅreｓtinｃomeａｎｄexｐenseｅliminationsｒｅｌａt(yī)eｔoａ$１0０,00０,9%bｏndissuetｈatｗａｓiｓsuedatparvalueandmaturｅｓｏｎJａnuaｒy１,２0２３.ＯnＪaｎuary２，20２3，aｐｏrｔiｏnoｆｔhebｏndswaspｕrchａsｅｄａｎdcoｎsｔｒuｃtｉvelyrｅtiｒed．Reqｕired：Aｎsweｒｔheｆollowingqueｓｔiｏns.1.?Whichcoｍｐanyｉｓｔhｅissuinｇaffiliateofthebｏndspayable？2. Whatisthｅgａｉｎoｒloｓsfｒomｔheｃoｎstrucｔｉvｅｒｅtｉｒemeｎtofｔhebondspａyabletｈatｉsreportedonthｅｃｏnsolｉdatｅｄｉncomeｓtatｅmｅntfｏr2０23?3. ＷｈatpoｒｔionofthｅboｎｄspaｙableisheｌｄbynoｎaｆｆｉliatesatDeｃemｂer３1，2023?4． IsＳｏjournawhｏｌlｙ-oｗnｅdｓｕbsidiaｒy?Ｉfｎoｔ,ｗhatpercentagedoeｓPittａｏwn？5． Ｄoesthepurcｈaｓiｎgaffiliateｕｓesｔraight-liｎeoｒeffectｉｖeinterｅstaｍortizatiｏｎ？6. EｘplａintheｃａlcｕlatｉｏnofPiｔtａ's＄19,900iｎcomefroｍSｏjoｕrn.

Aｎswｅr:1． Pittaｉｓｔheｉssuinｇａｆfiｌiaｔｅ.2．?Efｆecｔoncｏnsoｌiｄatednｅtinｃomｅ： Gainｏnconstructiverｅtｉｒemeｎtｏｆbｏｎds?＄３,0０03． PercｅnｔｏｆboｎdｓheldbyｎonａffｉliaｔｅｓatDecember3１,202３?iｓ４0%,ｃomｐutedas$３,600consoliｄatedｉnｔｅrｅstexpensｅdividｅdby$9,0００ｉntｅrestexpenseofPitta.4. Soｊouｒniｓpaｒtialｌyｏｗnｅｄasevidencedbythｅnoncoｎtｒolｌｉnginteｒｅsｔｓhare.Theownｅrsｈｉppeｒｃｅntagｅｉｓ70%（$7,500nonconｔrｏlｌiｎgiｎterestshaｒｅdｉvｉｄedbｙ$25,000ｉncomeofSｏjｏurn=3０%noｎｃoｎtrｏｌlinginterｅst．)５. Strａighｔ－linｅamortｉzation ＄1００,000paｒ×60%purｃhased $60,000 Ｐｕrcｈaｓepｒiｃe5yｅarsbｅforemａt(yī)uｒiｔy 57,０00?Gaｉn?3，000 Nominalｉntereｓt（＄60,000×９％）?$5,400?Discoｕntaｍｏrtizａｔion（$３,０0０／5ｙeａrs)?600?Bｏnｄｉnterｅsｔｉncome $6,0０0６. Piｔta'sinｃomefｒomSｏｊouｒn ShaｒeｏｆSojｏurn＇srｅpoｒｔedｉncoｍe ($25,０00×70％)＝ $１7,500 Aｄd：Conｓtructiveｇａin 3,000?Less:Ｐiecemeａｌrecognｉtiｏnoｆcoｎstructivｅ gaｉｎ (６00）?IｎcomefｒomSojourn?$19,９0０Objｅcｔｉｖe:LO1,2,4Diｆficuｌtｙ:Modｅｒａt(yī)ｅ?2)PｌatｔsIncｏrporａｔedpurchased80％oｆＳcarabCｏmpaｎyseveralyｅarsagoｗhentheｆａirvaｌｕeｅqualeｄthebｏokvaｌｕｅ．OnJanuａry1,202３，Ｓcarａbhas＄100,０0０of８％boｎdｓthatweｒｅiｓsｕedatfacevaｌueanｄhavefｉｖeyｅarstomaｔurity.IntｅｒestiｓpａidannuallyonDｅcemｂer31.BothPlattsandScａrａbｗouｌdusethｅｓｔrａight-lｉnemeｔｈoｄtoamorｔｉｚeanypreｍiumordiscounｔincｕrｒedｉｎtheissuaｎcｅorpurchasｅｏfｂｏnds.ＯnJａｎuary1,2023，PｌattspuｒchａsedallｏfScarａb＇sｂondｓfｏr$96,000.Reqｕｉred:１.?Pｒｅｐareｔhｅjournａlentｒiｅsin２023thatwouldberecordｅdbyＰl(wèi)ａｔtsａndSｃarａbｏｎｔheirｓeparatefｉnａncｉaｌrecoｒds.2. Prｅｐarethｅcoｎsolidａt(yī)iｎgworkingpａｐｅrentrｉesrｅquｉｒｅｄfｏrthｅyearendiｎgDeceｍber3１,2０2３.Ａnsｗer:Requirement1：Plattsentrｉｅs：1/1/1１ Invesｔmeｎtiｎbondｓ?$９6,000??Ｃaｓh ?$96，0０0１2/31/11 Cａsh 8,０００? Ｉntｅrestinｃome ?８,000 Investmentinbondｓ 1,00０ ?Iｎｔereｓtｉncoｍe? 1,０00Ｓｃaｒabeｎtｒieｓ:12/31/１1?Interestexｐｅnsｅ 8,000 ?Cａsh 8,000Rｅquirement2：Ｃonsoｌidaｔiｎgeｎtrieｓ:１2/3１/11?Bｏｎｄｓpayablｅ 1００,0０0 ?Ｉnvestｍentｉnbｏｎds ９7,00０ ?Gaiｎonretireｍentｏｆdｅｂｔ ?３，0０0 Inｔｅｒestincome ９,０0０ Iｎterestexｐｅnｓe??8，０00 Ｇainonｒeｔｉrｅmentoｆｄebｔ 1,00０Obｊecｔive:LO２，3Dｉffiｃulty:Modeｒate

3)ＰakaCｏrpoｒａt(yī)ionowｎsａn80%iｎｔeresｔinＳandraCｏmpａny.PakａacquiredSaｎdra'ｓｂｏｎｄsoｎJanuａｒy2,20２３．ThefolloｗｉｎginfoｒmationiｓfｒomｔheａdjusｔedtrｉalbalanceｓatＤecembｅr31,2023,aｔwhｉchｔｉmｅtheboｎdshavethreeｙearｓｔｏｍaturity.ThｅｂondshaveｉnteｒestpａymentdateｓofJanuａrｙ1aｎｄJulｙ１.Stｒaight-lｉｎeaｍoｒtｉzａｔｉoniｓuｓｅｄbyboｔｈｃoｍpanｉes． Paｋa?SandraInvestmｅｎｔinＳandｒaＢonds,$1０0,０00par 9８,50０7%Bonｄｓpａyabｌｅ,$200，000 ?2００，0０0Bondpｒｅmｉum ?6,000Ｉnteresｔｅxpensｅ ?１2,000Interesｔreceivablｅ 7，０0０Ｉｎteｒestｉncomｅ 7,500Interestpayaｂlｅ? 7,0００Requirｅd:PrｅparetheneｃeｓsａｒyconsｏlidatｉｏnwｏrkingpａpereｎtｒiesoｎＤｅcｅmber31,202３wｉthｒespectｔoｔｈeinｔｅrｃoｍｐaｎｙｂoｎds.Answer:20２3 Debｉｔ?Creｄit12／31?BondＩnterestＰayａｂle 7，000 ?BondIntｅresｔReｃeｉvaｂle??7，0００1２／３1?BｏｎdｓPａｙａble?100，00０?IｎtｅrｅstIncome 7，5０0 Bondpｒｅmium?３,000??InteｒesｔＥxｐenｓｅ(5０%owned）??６,０0０ InｖeｓtmｅnｔinSａndra＇sBｏnds 98,5００ ?Gainonrｅｔirementofbondｓ ?６，000 SupportｉngComｐutationｓ:?CosｔｏfbondstoＰaka($98，５00-$50０) $98,０００ Bｏokvａｌueacquiｒeｄ1／1/２023wherｅ?$２,０0０perｙearisaｍortｉzed ($200,00０＋$８,000)×50％＝ ?１04,000?Gainonconstructivebonｄreｔiｒement? ＄6,０00Objeｃtiｖe：LＯ2,3Difficulｔｙ：Ｍoderａt(yī)e?4)PｈｅaｓantCｏｒporaｔiｏnowｎｓ８0%oｆＳalCorpoｒation'soutstａｎdｉngｃommonsｔocｋtｈaｔwaｓpｕｒｃhaｓeｄatbookvalueｅqualtofａirｖalueonJanuary1,2０23.Adｄitionalｉnｆormatioｎ:１. Ｐheａｓantsoldｉnvenｔｏryitｅmsthａt(yī)ｃｏst$３,０00ｔoSaｌdｕrｉｎg2023fｏr＄6,000.Oｎｅ-halfoftｈｉsｍｅrcｈanｄｉsewasinventｏrｉedｂySaｌａt(yī)yeaｒ－enｄ．ＡtDｅceｍber3１，20２3,SalowedPheasａnt$２，００0onaccounｔfｒoｍtheiｎｖｅntorysalｅs．ＮootherinterｃomｐanｙsａlｅsｏｆinvｅnｔoryｈaveｏccuｒｒedsｉncePｈeasantacｑuirｅditｓiｎｔereｓtｉnSaｌ.２. Pheasaｎtsoldｅquiｐmeｎtwithａbooｋvalueｏｆ$5，０0０aｎda5－yearusefｕｌlifetｏＳalfｏr$10,00０onDｅｃeｍber３1,202３．TheｅqｕｉpmentremainsinｕseｂySalandisdeｐreｃiatｅdbytheｓtrａiｇht－ｌiｎｅｍethoｄ.Ｔheeｑuiｐmｅnｔhasnosalvageｖaｌuｅ．３．?ＯnJａnｕaｒy2,20２3,Salpaid＄１0,800for$１0，000parvａlueｏｆPｈｅaｓａnｔ's1０-year,10％bonｄs.Theseｂoｎdswereoriginallysｏlｄatpａｒｖalue,aｎdhaveinteｒｅｓtpaymeｎｔdatesofJanuaｒｙ1aｎｄJｕｌｙ１,aｎdｍａｔureｏnＪaｎuaｒy1,2０２３.Ｓｔraight-lｉneａmortｉｚａt(yī)ionｈasbeenapｐlieｄbySalｔotｈePheａsaｎtbonｄinvｅsｔｍent.4． PheａsantｕsestｈeequityｍｅｔｈodｉｎaccouｎtingforitsｉｎvｅｓtmentiｎSal.

Requｉreｄ:CoｍpletethewｏrkｉnｇpaperｓｔoｃoｎsoliｄatetheｆｉnａｎcｉaｌstａｔeｍenｔsofPhｅasantCorporationaｎdSaｌfoｒtheｙｅａreｎdｅｄＤecembeｒ31,2０2３.?Aｎｓwer:Obｊectｉve:ＬO2,3Difｆiｃulty:Ｄiffｉｃｕlｔ

5）Phaunａpaｉd$120,00０foritｓ８0％interestinSchｒｕｂonＪａnuary１,2023ｗhenSchrubhad$15０,00０oftｏtalｓtoｃkholderｓ'eｑuiｔy.OnJａnuary１,2023,Phaunａpuｒchaｓeｄ$5０,0０0ofSchrubＣorpoｒａt(yī)ｉon'ｓ８%bondsfor$4８,0０0.Ａtthatｔime,$100，0０0ofboｎdshａｄｂeｅｎiｓsuｅdbyScｈrub,anduｎａmoｒｔizedpremiumwas$2,000．ThebｏndspayintereｓtoｎJune30anｄDeｃember３1aｎdmaturｅonＤecember31,2023．BothＰhａunaanｄSchruｂusesｔraight－lｉｎeamorｔizａt(yī)ｉｏn.PｈａｕｎausｅｓthｅｅqｕiｔｙｍeｔhodofacｃｏｕntiｎgｆoritｓiｎvestmenｔｉｎSchrub．Ｒｅquiｒｅd：Preparｅeliｍｉnaｔｉng/adｊusｔｉnｇentriesfｏrtｈｅbondsoｎtｈｅｃonsoｌiｄatingwoｒkpaｐｅrsｆoｒtheyeａｒeｎｄｅdＤecember31,2０23.Answer:12/31/2０23Intｅrestincoｍe(8%×＄50,000)＋($２，000/5)4，400 Inteｒｅsｔexpｅnｓe（8%×$50,０00)-（$1，000/5) ?3,800?Gainonretiremｅntｏfｂｏndｓ??600Bondsｐａyable?５0,0０0Pｒeｍiuｍoｎboｎdspaｙaｂle?80０ Bondiｎvesｔment ?48，400?Gａinonｒetireｍentofbonds??２,4００Premiumonbｏnｄspａyablｅ:$1,000－$１,０00/5=$８00Bｏndiｎvesｔmenｔ:$４8，0００+$2,00０／5=$48,400 Ｓuppoｒtiｎｇcomｐｕtａt(yī)ｉoｎs：?Bookvａlｕｅｏｆbｏnds?(＄102,0００×50％) $51，00０?Ｃｏstofaｃquirｉng$50，000paｒ (４8,000)?Coｎstrｕctiveｇain 3，00０ Piecemeaｌrecoｇnitｉonｏfｇａｉn (600)?UnrecｏｇnizedaｔDｅcembeｒ31,２０23 ＄2,４0０Ｏbjｅｃtｉｖe:LＯ2,3Dｉｆfｉcuｌｔy:Difficuｌt

6)ＰelaｍiCorpｏraｔｉoｎowｎｓa90%intｅrestinSunｂirdCorporａｔｉoｎ.ＡtDecemｂer31,2023,Sunbirdhad$3,000，０00ofparvaｌue6%ｂondsoｕｔstandiｎgwithanunamoｒｔizedpｒemiumof$30,０00.Thebondshａｖeiｎｔerestpaymｅntdａt(yī)ｅsoｆJaｎuａｒy1ａndJuly１andｍaｔuｒeonJaｎuary１,2０2３.OnJaｎｕary２,2023，Ｐelaｍipurchａsed＄1,200,０00pａrvａlueofＳuｎbird'ｓｏutstａｎdingｂondｓfoｒ$1,２１0,000.Ａssuｍｅstｒaｉgｈｔ-linｅaｍｏrtizaｔion.Reqｕｉrｅｄ:PrepareｔｈｅnecesｓａryconsｏlｉdatｉonwoｒkiｎgｐaｐｅrenｔriesｗｉthresｐｅcttotheinteｒｃoｍpanybｏndsfｏrtｈｅyｅarenｄingDeceｍbeｒ31,2023.Ansｗer:2０23?? Debｉt Crediｔ12/3１?BｏnｄInｔerｅstPaｙabｌｅ 3６,000 BonｄIntｅrｅstRｅcｅivaｂle ?３６,00012/31?PreｍｉｕmonBoｎdsPaｙablｅ 9，00０ BoｎdｓPayable?１,20０,０0０ IntｅreｓtＲevenuｅ?69,500??ＩnｔeresｔＥxpeｎｓe? 6９,000? ＩnvｅｓtmentinＳuｎbirｄＢoｎds? 1,20７,5００? GａinonRetireｍentofBoｎds? 2,000 ＳuｐｐｏrtingCompｕtaｔｉons：?CostofbondstoPeｌａmi ＄1,２1０,000 Booｋｖａlｕeａcquirｅd?($3,0０0,0０0+＄３0，0０0）×4０%=??１，212,000 Gaｉnoncｏnstrｕctiｖebonｄｒetirｅｍent? $2,000 4yeaｒsremaiｎing?PreｍiumonBoｎdPayable? $3０,000ｘ3/4×40% =?＄9,000 ?IntｅrｅstExpｅnse $１,２00,000×6%?=?＄7２,000?Lｅｓs:＄30,0０0×１／4×４０％?= ＄3,0０0 ???$69,000 InｔereｓtRevenuｅ $72,000－($10，00０×1／4）?=?$6９,50０Objective：ＬO2,3Ｄｉｆfｉculty:Mｏderate?7)Sｐotｔisa７５%－owｎedsubsｉdiａｒｙｏfPｅnthaｌ.OnＪaｎｕａrｙ１,20２3,Ｓpottissued$900,000of$1,000faｃeaｍount８％bｏndsatpar.TheｂｏndshａveinteｒｅsｔpaｙmentsｏnJanｕary1andＪulｙ1ｏｆeａcｈyearandmatureoｎＪaｎｕａry1,2０２3.OnＪuly2,2023,Ｐｅnthaｌpurchａｓedａlｌ900ｂondsontｈｅｏｐenｍarketfor$1,02０peｒbond.Bothcoｍpaniesusestraｉghｔ－lｉneamortｉzation．Ｒequired:Withrespeｃｔtothｅbondｓ,usｅGeneｒalJournalformattｏ:1. Rｅcｏrｄtｈe２０２3journalｅntrｉｅsｆｒｏmJuly1tｏＤｅcember３1onSｐotｔ'sboｏks.2. Rｅcoｒdｔhe2０23journａlenｔｒｉesfrｏmＪuly1toDｅcｅmbeｒ３1onＰentｈａｌ＇sbｏoｋs.３．?RｅcordthｅeｌiｍinationentｒｉesfoｒtheconsｏliｄaｔionwｏrkｉｎgpaｐersｆoｒtheyearendinｇＤｅｃemｂer31,2023.Answｅr:Ｒequirement1Date２023?AccountName Debiｔ?CｒeditＳｐott＇sbｏoksJul０1 BonｄＩnterestEｘpense 3６,００0 Ｃash（$９00,000×8%×?） ?36,000Dec３1?ＢondInterestＥxpensｅ?36,０00? BondIｎterestPａyable? 36,000Ｒeqｕirement2Penｔhal'sboｏksJul02 ＩnｖestmentinSｐoｔｔBonｄs?９18，000 Ｃaｓh? ９18，000Dec3１ BｏｎｄInteresｔＲｅｃeｉvａｂlｅ 36,00０??ＢonｄＩnteresｔRｅｖeｎue 3２，４00??IｎvestmeｎｔｉnＳpottBonｄs??3,600Ｒeｑｕirement3:CｏnsolidaｔeｄWｏrｋｉｎgＰaｐersＤec3１ BｏndIｎｔerｅstPaｙａble?36,0０0? BondInｔeｒeｓtRｅceｉｖａbｌe ?36，000Dec３1?BondｓＰａｙａble?900,000 LossonBonｄｓ?１8,00０ BondInｔｅreｓtRｅvenuｅ?３2,4０0 ＢｏnｄＩnterestExpensｅ ?36,0００? IｎvｅstmentiｎSpottBｏｎdｓ ?914，40０IｎｔｅrestＲevｅnuｅ:($9０0,0００×8%×１/２)－($１8,000premｉum/５periods）=$32,400Obｊective:LＯ２，３Difｆiculｔy：Moderate?8）ＳnacklｅInｃ.ｉsａ9０%-owneｄsubsidiarｙoｆPａshaCｏrp.ＯｎJanuａｒy1,20２３,Snackｌeiｓｓued$４0０,００0ｏf$1，000faceamｏunt８%boｎdsａt(yī)$9６4pｅrbｏnd.InterestispaｉdoｎJanuaｒy1andJuly1ofｅａchyearandcoversｔhepreｃeｄinｇsixmonths.OnJuly2,20２３,Pａshapurchasedaｌl4０0bondｓontheopenmarkｅtfor$１,030perbond.TheｂondsmatureｏnDeｃemｂer３１,２０23.Botｈcｏmｐaｎｉesｕｓestraiｇht－ｌiｎｅamｏrtiｚａｔion.Reｑuiｒeｄ:Witｈresｐecttotheｂonｄs,ｕseGeneralJoｕｒnalformａt(yī)tｏ:1.?Recorｄthe202３jｏuｒnalentｒｉesfromJulｙ1ｔｏDeｃｅmber31onPａshａ'sbooｋs.2． Reｃordｔhe202３ｊournaｌenｔriesfromJｕｌy1toDecemｂer3１oｎSnacｋle'sbooks.3．?Recordtheelｉｍinａt(yī)ionentｒiesfortheｃoｎsolｉdaｔionworkｉｎgpaperｓｆorthｅyeareｎdingDecembeｒ３1,２023.Answer:Date2０23?AccounｔNaｍｅ Debiｔ ＣreditPasha'sbooｋsJul02 InvestmｅntinＳnackleBoｎds?412,000 Cash 412,000?? Dec31?BonｄIｎterｅstRｅcｅivaｂle?１6,00０ ??BｏｎdInterestRevenue 12,０00 InｖｅsｔmｅnｔｉｎSnackｌeBｏndｓ ?４,０00? Sｎackle'sbooksJｕl01 ＢoｎdＩnteｒesｔEｘpense?1８，４00 ?Ｃash 16,00０ ?ＤiｓｃouｎtonBondsPayaｂle ?2,400 ? Deｃ31?BonｄIｎteｒesｔEｘpｅnｓe?18,４00 ?BoｎdIｎteresｔPayabｌｅ 16，0０0??ＤiscountｏｎBoｎdｓPayable 2,４0０ConsｏlidatｅdWorkｉngＰapersDec３1 ＢondInｔerestPayabｌe 16,000 ??BondＩnteresｔReceivablｅ??16，000? ?Dec31?BondsPaｙaｂle?400,0０0??LosｓonBonｄｓ?19，200? ＢoｎdIｎterestRｅvｅnue 1２,000? BｏnｄＩｎteresｔExpense? １8,4００??DiｓcｏunｔoｎBondsPayablｅ? 4,80０??IｎvestｍenｔｉnSnａckleBｏndｓ 408,000(Bookvaluｅofbonds$392,８00-ｐｕrchａｓecosｔ$412，000＝＄1９，２00loss)Objective:LO2,3Diffｉcｕｌｔｙ:Mｏｄeraｔｅ?9)PoｐcornCｏｒｐorａt(yī)iｏnｏwns90％ｏfｔｈｅoutsｔanｄingｖotinｇcommoｎsｔoｃkofSａltyＣorporation.ＯnJanｕarｙ1,202３,Sａltyissued$１，00０,0０0faｃeamoｕntｏf12%,$1,000ｂoｎdｓpayableat１１9.2０.ThebｏｎdｓpａyintｅrestoｎJanuaｒy１aｎdＪｕly1ofeａｃhyｅａrandmatｕｒeonJanuarｙ１,2０23．OnJuly２,2０23,Ｐｏpcornpurchaｓedalloftheouｔｓｔandingbondｓａt(yī)ａpriceof1０7．5０.Bothcompａniesｕsｅstrａiｇhｔ-lｉｎeａmortizatｉｏn.Ｒequired：1. PreparetheｊｏｕrｎaleｎtriｅsfｏｒJuly１,202３ｔhｒoughDeceｍber3１,２02３foｒPoｐcornCｏｒｐoｒatiｏn.2..?PreparetheｊｏurnaｌｅntｒｉｅｓfｏrJuly1，202３throughDecｅmbeｒ3１，２０23fｏrSaltyCorpoｒation.3.?Preｐaretｈeelimｉnatioｎeｎtrieｓnecesｓarｙonｔhecoｎsolidａt(yī)iｎｇｗorkingｐapersfortｈｅyeａrenｄedDecemｂer3１，２02３.Ansｗer:Reqｕｉrement1Juｌy２，2023：Boｎｄｉnvestmenｔ?1,075,000?Caｓh １,075,０00Decｅmber3１,2023:Intereｓtreｃｅivａblｅ 60,０00?Ｉntereｓｔｒeveｎue? 60，000（$１,０00,００0×12%×1／2)Inｔerestreveｎｕe 1５,００0 Ｂｏｎdinｖestmenｔ??1５,000($75，000／5)Rｅquiｒemｅnt2Ｊuly１,2023:Interesｔｅxpense 60，000 Cash ?60,０00Prｅｍｉumonbondsｐayable?１2,000?Inｔereｓtexpeｎse 12,000Decemｂｅr３1,2023:Inteｒｅstreceiｖａble?60,0０0 Intｅresｔrevenue? 60，000($1,000,０00×１2%×1/２)ＩPremiuｍonbｏndspayable?１2,00０ Intｅreｓteｘpense 1２,０00

Requirｅmｅnt３:Deｃｅmbｅｒ３1，2０23:Bondsｐayabｌｅ 1,000,0００Pｒeｍiｕｍｏnbondsｐａｙａble ４8,０00Lossｏｎrｅtirementoｆｂondｓ?１２，０00 Ｂoｎdinvestmｅｎt? １,0６0,000Ｂondinvestmｅnt：($1,０75，000-＄15,0０0）Ｌｏsｓonretiｒemｅnｔｏｆｂonｄs ３，0０0Interesｔｒeｖｅnｕ ４5,０00 Iｎｔerestｅxpensｅ ?4８,000Ｉnteｒesｔpａyａble?60,000 Interesｔreceivａｂlｅ 60,00０July2，202３Ｐaid ＄1,07５,000Booｋvａluｅofbondｓ?1，０６0,000[$１,０0０,００0+（＄12,000×５)］Lossｏｎrｅtirement?$１５,000Objecｔive:LO２，３Diffiｃulｔｙ：Moderaｔe?10)PeｔerCoｒporationownsa70％intｅｒestinＳｕｎdowｎCorporatｉｏｎacqｕｉreｄseverａlｙｅarｓａgoａｔapｒiceequａltobｏokｖalueａnｄｆairvaluｅ.ＯnＤecembeｒ31,2０23,Sundｏｗｎｈad$300,000parｏf6%bondsoｕtstａｎdｉngwitｈａｎuｎamortizedｐremiumｏf＄3０,0０0.TｈebｏｎdｓmaturｅinｆｉveyeaｒｓandpayinterestonＪanuary1andJuｌy1.OnJａnuarｙ2，２０2３,Petｅraｃquｉｒedｏnｅ－tｈirdofＳunｄｏwn'sbondsfor$1１7,00０．PeteraｎdSundownusesｔrａight－lineamorｔｉzａｔiｏｎ．Sundowｎrepｏrtsｎeｔincomeｏf$2５0，000for2023.Petｅrusesｔheequitymeｔhodｔｏaccoｕntｆorｔheiｎvｅsｔmenｔ.Ｒeｑuｉrｅｄ:1.?CalculatePeter'siｎcomｅfroｍＳundoｗnfor２0２3.2. Calcｕlatethenoｎcontrｏllinginｔeｒestsharefoｒ２０２3．Ａｎsｗer：Prｅlｉｍiｎaryｃomputaｔｉoｎｓ：Ｂookｖaｌｕeofboｎｄs＄3３０,０00×1／3＝ $110,00０Costoｆboｎｄｓ?117,000Lossｏｎcｏnstrｕｃtiｖeretireｍenｔ $７,０00Ｒｅquiｒｅment1:InｃomefｒomSundown：ShaｒｅｏｆSundown'sｉｎcome($2５0,00０×70%)?＄175,00０Ｌeｓｓ:Coｎstruｃｔivｅｌoss($7,000×７0%) (4,９0０)Pｌｕs:Piecemｅalrｅcoｇnｉｔiｏnofloｓs($7,0０0/5yeaｒs)×７０%?98０IncoｍefｒomＳundown $１71,08０Ｒeqｕiｒement２:Noncontrｏｌlｉngintereｓｔshａre：Sundown'sreporteｄｉncｏmｅ $250,0０0Ｌesｓ：Consｔrｕctiｖelossoｎbｏnｄs (7,000)Plus：Pｉecemealrecognｉtionoflｏss 1,400Eｑualｓ:Aｄjusteｄrｅpｏrtedinｃｏｍe $244,４00Nｏncontroｌlingｐｅrceｎtａｇe 30%Nonconｔｒolｌiｎginterestsｈａｒe?$73,320Ｏbjｅctiｖe:LO3,4Ｄiｆfｉculｔｙ：Mｏｄｅrａｔe?11）ＰoｎgoCｏｍpanyhas$２，000,０00oｆ6%bｏndsoｕtsｔaｎｄingonＤecembｅｒ３１,202３ｗithunamortiｚｅdpremiumof＄６0,00０．ＴheｓｅｂondｓpayinｔerestｓｅｍiannuａｌlyonＪanuａry1ａｎｄJｕｌｙ1aｎdｍatｕreｏnJａnuarｙ1,2023．Sｔraight-ｌｉneamoｒtizａt(yī)ionisｕsed．SyｒinｇInｃ.,90%-ownｅdsubsｉdiａrｙofPｏnｇｏ,ｂuyｓ$1,00０,０00ｐarvalｕｅｏfPonｇo'ｓouｔstandｉngbondsinｔhemaｒkeｔfor$980,0００onＪaｎuarｙ2,2０２3.Theｒeisoｎｌyonｅiｓsueofoutｓtａndingbonｄsoftheaffiliatｅdcompaｎiesaｎｄtｈeyhａveconsoliｄａｔedfiｎａnｃiaｌstatｅmenｔs．Forｔheｙear２0２3，Poｎｇｏhasiｎcomeｆrｏｍｉtsｓeparateoperatｉons(ｅxｃluｄinｇｉｎvesｔmenｔincome）of＄3,000,０0０ａｎdSｙringreporｔsneｔiｎcomeoｆ＄200,0００.Pongousestheｅquiｔyｍethoｄtoaｃcouｎｔfortheinvｅｓtmeｎｔ.Ｒｅqｕiｒed：Dｅｔｅrｍｉnｅtheｆolｌｏwｉｎg：1.?Ｎoncontroｌｌiｎgintｅrestsharefoｒ202３.2.?ContrｏllingshａreofconsoliｄatedneｔiｎcomeforPongoCｏmpａｎｙandsubsidiaryｆor２023.Aｎswｅr:Requirement1Nｏｎｃｏｎｔrｏllｉｎginｔereｓtshare($20０,0０0×10％）