On January 1- 2013- Beilich Enterprises bought 20- of the outstanding.docx

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On January 1, 2013, Beilich Enterprises bought 20% of the outstanding common stock of Wolfe Construction Company for $750 million cash. Wolfe?s net income for the year ended December 31, 2013, was $375 million. During 2013, Wolfe declared and paid cash dividends of $75 million. Beilich recorded the investment as follows: ($ in millions) Purchase Investment in Wolfe Construction shares 750 Cash 750 Net income Investment in Wolfe Construction shares (20% X $375 million) 75 Investment revenue 75 Dividends Cash (20% x $75 million) 15.0 Investment in Wolfe Construction shares 15.0 Required: What would be the pretax amounts related to the investment that Beilich would report in its statement of cash flows for the year ended December 31, 2013? (Enter your answers in millions rounded to 1 decimal place (i.e., 5,500,000 should be entered as 5.5).) Beilich would report $ 15.0 in operating activities, $ (750) in investing activities and (75) in financing activities. Solution Answer: The pretax amount related to the investment that would be report in the financial statement is $375 millions. .

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Conversion worksheetGreen shaded cells are from Chapter 5 financial StatementsEnter all amounts as positive numbers. The worksheet is formatted to add debits to assets & expenses and add credits to revenues, liabilities & equityRefr. Account TitlesDebitsCreditsGov'tal Fund Balances Adjustments & EliminationsGovern-mental Funds AdjustedInternal Service FundsBalances for Gov't-wide StmtsDebitsCreditsDebitsCreditsACapital asset64,200,000DEBITS:Accumulated Depreciation28,700,000Cash657,720657,72035,000692,720Net Position35,500,000Cash with Fiscal Agent928,000928,000928,000Investments259,000259,000259,000BCapital asset5,823,100Taxes Receivable, net262,000262,000262,000Capital Outlay Expenditures5,823,100Interest Receivable, net16,85016,85016,850Inventories-37,54037,540CDepreciation Expense4,900,000Due from State Govt.559,000559,000559,000Accumulated Depreciation4,900,000Due from Other Funds-11,200(3,200)14,400Capital Assets64,200,00070,023,10078,40070,101,500DProceeds of bonds4,000,000 both rows5,823,100Other Financing sources- premium on bonds200,000--Bonds payable4,000,000Expenditures (expenses) Current-Premium on bonds200,000 General Govt.1,646,9001,646,900(1,240)1,648,140 Public Safety3,026,9003,026,9003,026,900ENet position12,000,000 Highway and Streets2,481,9002,481,9002,481,900Bonds payable12,000,000 Sanitation591,400591,400591,400 Health724,100724,100724,100FBonds payable800,000 Welfare374,300374,300374,300Bonds Principal800,000 Culture and Recreation917,300917,300917,300Compensated Absences Exp42,00042,00042,000GInterest Expense328,000Other Expenditures (expenses)--Accrued Interest Payable328,000 - Debt Service Principal800,000(800,000)1,600,0001,600,000 - Interest (expenditure/expense)514,000328,000(180,000)1,032,0001,032,000HNet position180,000 both rows(10,000)Interest Expense180,000 - Capital Outlay5,823,100(5,823,100)11,646,20011,646,200 - Depreciation4,900,0004,900,0004,900,000IBonds Payable10,000Other Fin. Uses - Transfers Out1,871,7001,871,700(1,871,700)3,743,400Interest Expense10,000-Total Debits21,454,170105,598,650JDeferred Revenues10,500CREDITS:Revenues- Property Taxes10,500Accounts Payable326,800326,800(19,400)307,400Due to Other Funds40,20040,2003,20037,000KRevenues- Property Taxes21,000Accrued Interest Payable(328,000)(328,000)(328,000)Net Position21,000Bonds Payalbe(12,000,000) both rows800,000(4,000,000)(16,800,000)(16,800,000)LCompensated Absenese Expense42,000Premium on Bonds10,000(200,000)(210,000)(210,000)Compensated Absences Payable42,000Compensated Absence Payable(42,000)(42,000)(42,000)Advance from Water Utility Fund-(15,000)(15,000)MCash35,000Deferred Inflows: Property Taxes10,50010,500-(15,000)Due from Other Funds11,200Accumulated Depreciation(28,700,000)Inventories37,540 both rows(4,900,000)(33,600,000)(33,600,000)Capital assets78,400Revenues-Accounts Payable19,400Property Taxes6,657,50021,000(10,500)6,626,0006,626,000Advance from Water Utility Fund15,000Sales .

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On December 1- 2014- Mr- and Mrs- Tyler purchased four tickets for a N.docx

tkathryn

On December 1, 2011, Joseph Company, a U.S. company, entered into a three-month forward contract to purchase 50,000 pesos on March 1, 2012, as a fair value hedge of a foreign currency denominated account payable. The following U.S. dollar per peso exchange rates apply: Date : December 1, 2011 Spot Rate : $0.092 Forward Rate (March 1, 2012) : $0.105 Date : December 31, 2011 Spot Rate : $0.090 Forward Rate : (March 1, 2012) : $0.095 Date : March 1, 2012 Spot Rate : $0.089 Forward Rate : (March 1, 2012) : N/A Question : Joseph\'s incremental borrowing rate is 12 percent. The present value factor for two months at an annual interest rate of 12 percent is .9803. Which of the following is included in Joseph\'s December 31, 2011 balance sheet for the forward contract? A. $5,146.58 asset. B. $5,146.58 liability. C. $500 liability. D. $490.15 asset. E. $490.15 liability. I need detailed help with steps as to how E was calculated Solution Ans: E. $490.15 liability. $0.105 - $0.095 = ($0.01) Ã— MP50,000 = ($500.00) Ã— .9803 = ($490.15) Liability .

On December 1- 2011- Joseph Company- a U-S- company- entered into a th.docx

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on Stre - DH Solution The strength of a nucleophile depends on how easily it can donate its lone pair of electrons (for a neutral nucleophile like H 2 O) or how easily it can give away its negative charge (for a negatively charged species like Cl - ) to a center of positive charge. In terms of electronegativity, Fis a highly electronegative atom followed by O, then comes N and then C. So it is easier for C to share its electrons followed by N then O then F. In other words the more is the basicity of a nucleophile the more is its strength as a nucleophile. All nucleophiles are lewis bases. The basicity reduces as we move from left to right in a period. The arrangement of elements in decreasing order of basicity is C>N>O>F Hence this should be the decreasing order of strength of these atoms as a nucleophile. Likewise if we compare the given options, the arrangement of these groups in increasing order of strength of nucleophile is as shown -F<-OH<-CN<-C 2 H 6 (C 2 H 6 - ethyl) .

on Stre - DH SolutionThe strength of a nucleophile depends on how easi.docx

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