FAR01-For Profit business Entities

Question 1

CASH FLOW OPERATIN ACTIVITIES

Answer 1

CUANDO TE DAN EL BOOK VALUE ES PARA DISTRAER

se usa para determinar la ganancia

Question 2

CASH FLOW FINANCIAL ACTIVITIES

Question 3

CONVERSION DE ACRUAL TO CASH
INTEREST EXPENSE
Interest expense (accrual basis) $20,000
Add: beginning payable 15,000
Less: ending payable (5,000)
Cash payment for interest $30,000

Answer 3

Question 4

BUSINESS COMBINATION

Cosas para estar pendientes:
- la adquisicion es a FMV en el dia que se adquiere
- Hay que usar el ADQUISITION METHOD
1. determina Book value de lo que compras e identificas y cualquie non-controlling interest
2. distribulle la consideracion en exceso dle book value a los activos o goodwill
3. Calcula el FMV de llso identifiable assets and liabilities

Polk current liabilities $30,000
Strass current liabilities 10,000
Current portion of new debt 6,000
Total consolidated current liabilities $46,000

Answer 4