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FAR- JEs > F3: Marketable Securities and Business Combinations > Flashcards

F3: Marketable Securities and Business Combinations Flashcards

1
Q

To Record Loss on Income Statement for Trading Securities

A 
Unrealized Loss on Trading Securities
               Valuation Account (FV Adjustment)
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2
Q

To Record Loss in OCI for Available-for-Sale Securities

A 
Unrealized Loss on AFS Securities
               Valuation Account (FV Adjustment)
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3
Q

Sale of Trading Securities

A

Cash
Trading Security
Realized Gain on Trading Security

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4
Q

Sale of AFS Securities

A

Cash
Unrealized Gain on AFS Security
AFS Security
Realized Gain on AFS Security

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5
Q

Cost Method: Recording Investment

A

Investment in Investee

Cash

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6
Q

Cost Method: To Record Unrealized Loss and Adjust to FV @ YE

A

Unrealized Holding Losses

Investment in Investee

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7
Q

Cost Method: To Record a Return of Capital or Liquidating Dividend

A

Cash

Investment in Investee

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8
Q

Cost Method: To Record Cash Dividend (prorated)

A

Cash

Dividend Income

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9
Q

Cost Method: To Record Cash Dividend (in excess of investor’s share)

A

Cash

Investment in Investee

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10
Q

Equity Method: Recording Investment

A

Investment in Investee

Cash

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11
Q

Equity Method: To Record Increase in Ownership (earnings)

A

Investment in Investee

Equity in Earnings/Investee Income

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12
Q

Equity Method: To Record Decrease in Ownership (dividends)

A

Cash

Investment in Investee

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13
Q

Equity Method: To Recognize Excess of FV Amortized Over Life of Asset

A

Equity in Investee Income

Investment in Investee

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14
Q

Acquisition Method: To Record The Acquisition for Cash

A

Investment in Subsidiary

Cash

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15
Q

Acquisition Method: To Record The Acquisition for Parent Common Stock

A

Investment in Subsidiary
Common Stock
APIC

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16
Q

Acquisition Method: Consolidating Workpaper Eliminating JE (CAR IN BIG)

A 
Common Stock (subsidiary)
APIC (subsidiary)
Retained Earnings (subsidiary)
        Investment in Subsidiary
        Noncontrolling Interest
Balance Sheet Adjustments to FV
Identifiable Intangiable Assets to FV
Goodwill (plug)

FAR- JEs (4 decks)

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