上海对外经贸大学 高级财务会计学笔记-高级财务会计学（英）chapter 8.pdfVIP

AdvancedAccounting,12e(Beamsetal.)

Chapter8Consolidations-ChangesinOwnershipInterests

8.1MultipleChoiceQuestions

1)Whichofthefollowingiscorrect?Thedirectsaleofadditionalsharesofstockatbookvaluepershare

toonlytheparentcompanyfromasubsidiary

A)decreasestheparentsinterestanddecreasesthenoncontrollingshareholdersinterest.

B)decreasestheparentsinterestandincreasesthenoncontrollingshareholdersinterest.

C)increasestheparentsinterestandincreasesthenoncontrollingshareholdersinterest.

D)increasestheparentsinterestanddecreasesthenoncontrollingshareholdersinterest.

Answer:D

Objective:LO3

Difficulty:Moderate

Usethefollowinginformationtoanswerthequestion(s)below.

OnDecember31,2013,GiantCorporationsInvestmentinPenguinCorporationaccounthadabalanceof

$500,000.Thebalanceconsistedof80%ofPenguins$625,000stockholdersequityonthatdate.Giant

owns80%ofPenguin.OnJanuary2,2014,Penguinincreaseditsoutstandingcommonstockfrom15,000

to18,000shares.

2)AssumethatPenguinsoldtheadditional3,000sharesdirectlytoGiantfor$150,000onJanuary2,2014.

GiantspercentageownershipinPenguinimmediatelyafterthepurchaseoftheadditionalstockis

A)66-2/3%.

B)80%.

C)83-1/3%.

D)86-2/3%

Answer:C

Explanation:C)(Parenthad80%of15,000shares,or12,000shares.Theynowhold15,000of18,000

shares)=83.33%

Objective:LO3

Difficulty:Moderate

3)AssumethatPenguinsoldtheadditional3,000sharestooutsideinterestsfor$150,000onJanuary2,

2014.Giantspercentageownershipimmediatelyafterthesaleofadditionalstockwouldbe

A)66-2/3%.

B)75%.

C)80%.

D)83-1/3%.

Answer:A

Explanation:A)(12,000shares/18,000shares)=66.67%

Objective:LO3

Difficulty:Moderate

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