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ch15.doc-CHAPTER 15 STOCKHOLDERS’ EQUITY IFRS ques...
ch15.doc-CHAPTER 15 STOCKHOLDERS’ EQUITY IFRS questions
ch15.doc-CHAPTER 15 STOCKHOLDERS’ E...
ch15.doc-CHAPTER 15 STOCKHOLDERS’ EQUITY IFRS questions
Page 32
Test Bank for Intermediate Accounting, Thirteenth Edition
76.
b
[
(6,000
$25) ÷
[
(6,000
$25) + (9,000
$20)
]
]
$288,000 = $130,909.
77.
c
[
(7,500
$20) ÷
[
(5,000
$25) + (7,500
$20)
]
]
$240,000 = $130,909.
78.
d
($60 – $52)
20,000 = $160,000.
79.
d
12,000
$15 = $180,000.
80.
b
3,000
$20 = $60,000; 3,000
$7 = $21,000.
81.
c
4,000
$15 = $60,000; 4,000
$4 = $16,000.
82.
c
$900,000 + (2,000
$5) – (500
$10) = $905,000.
83.
d
(675,000
$4) + (90,000
$7) = $3,330,000.
84.
c
$900,000 + (3,600
$5) – (2,400
$4) = $908,400.
85.
a
$1,650,000 – (3,000
$28) – (3,000
$35) + (1,800
$30) + $450,000 =
$1,965,000.
86.
c
20,000
$55 = $1,100,000.
87.
c
2,000
$50
.06 = $6,000
($6,000 – $5,000) + $6,000 = $7,000.
88.
a
5,000
$100
.05 = $25,000
($45,000
2) – ($25,000
3) = $15,000.
89.
a
6,000
$100
.07 = $42,000
$160,000 – ($42,000
2) = $76,000.
90.
c
($90,000 ÷ $10)
$14 = $126,000
[
$14 – ($90,000 ÷ 10,000)
]
9,000 = $45,000
$126,000 – $45,000 = $81,000.
91.
d
($270,000 ÷ $10)
$14 = $378,000
[
$14 – ($270,000 ÷ 30,000)
]
27,000 = $135,000
$378,000 – $135,000 = $243,000.
92.
b
(900,000
$7) – [($7 – $5)
900,000] = $4,500,000.
93.
d
(180,000 ÷ 10)
$14 = $252,000
$252,000 – [$252,000 – (180,000
18/20)] = $162,000.
94.
d
(5,000
$63) = $315,000
$315,000 – ($315,000 – $218,000) = $218,000.
95.
a
350,000
.10 × $30 = $1,050,000
15 - 32
Page 33
Stockholders’ Equity
$1,050,000 + (350,000
1.10
$.50) = $1,242,500.
96.
c
(60,000
$50) + $3,000,000 = $6,000,000.
97.
a
$75,000 – $10,000 – (1,500
$6) = $56,000.
98.
b
160,000
.15
$35 = $840,000.
99.
b
120,000
.10
$20 = $240,000.
100.
b
100,000
.10
$8 = $80,000.
101.
a
$200,000 + $100,000 – $60,000 – (3,000
$20) = $180,000.
102.
a
($420,000
.05
$36) + ($420,000
1.05
$.60) = $1,020,600.
103.
c
$8,000 ÷ ($93,000 – $15,000) = 10.3%.
104.
a
$1,800,000 ÷ 150,000 = $12.00.
105.
d
$150,000 + $75,000 – $45,000 – (1,500
$30) = $135,000.
106.
d
(560,000
.05
$48) + (560,000
1.05
$.60) = $1,696,800.
107.
c
($72,000 – $10,000) ÷
[
($1,000,000 + $1,200,000)
]
= 5.6%.
108.
c
($72,000 – $10,000) ÷
100,000 = $.62.
$12 ÷ .62 = 19.4.
X
109.
a
——————————— = .25, X = $430,000.
($2,120,000 – $400,000)
110.
b
= .107 = 10.7%.
111.
c
= $80 ÷ 400.
$120,000 + $80,000 + (240,000 – $10,000)
112.
a
——————————————————— = $430 ÷ 12.
12,000
113.
b
$15,000 ÷ ($124,000 – $30,000) = 16.0%.
114.
b
$2,400,000 ÷ 120,000 = $20.00.
15 - 33
Page 34
Test Bank for Intermediate Accounting, Thirteenth Edition
*115.
b
$150,000 – (60,000
$5
.08
3) = $78,000.
*116.
d
60,000
$5
.08
3 = $72,000 > $63,000.
*117.
b
8%
$600,000 = $48,000
(current year)
7%*
$600,000 =
42,000
(participating)
$90,000
*$300,000
8%
3 =$
72,000
(preferred dividends)
$600,000
8% =
48,000
(common current dividends)
$120,000
$183,000 – $120,000
—————————— = 7%.
$600,000 + $300,000
*118.
c
Common Stock
$500,000
6%
=
$30,000
(current year)
$500,000
10%* =
50,000
(participating)
$80,000
*$135,000 – $30,000 – ($250,000
6% × 2) = $75,000
$75,000
———— = 10%.
$750,000
*119.
b
$250,000 – ($500,000
8% × 2) = $170,000.
DERIVATIONS
— CPA Adapted
No. Answer
Derivation
120.
d
Conceptual.
121.
b
($24
2,500) + ($18
5,000) = $150,000.
$90,000
————— × $125,000 = $75,000.
$150,000
122.
c
15,000
$2 = $30,000.
123.
b
(4,000
$18) = $72,000; (4,000
$7) = $28,000.
124.
c
Conceptual.
125.
d
$400,000 (market value).
126.
b
Conceptual.
15 - 34
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