REFERENCE: Ref.03_06 Kaye Company Acquired 100% of Fiore Company on January 1,2009.Kaye

question 120

Multiple Choice

REFERENCE: Ref.03_06
Kaye Company acquired 100% of Fiore Company on January 1,2009.Kaye paid $1,000 excess consideration over book value which is being amortized at $20 per year.Fiore reported net income of $400 in 2009 and paid dividends of $100.
-Assume the initial value method is used.In the years subsequent to acquisition,what additional worksheet entry must be made for consolidation purposes that is not required for the equity method?

• A)Entry A.
• B)Entry B.
• C)Entry C.
• D)Entry D.
• E)Entry E.

---

Definitions:

Policy Stances

The positions or attitudes adopted by governments or organizations on certain public issues, especially in the form of laws, regulations, or actions.

First Consul

A title given to Napoleon Bonaparte in 1799, marking his significant political and military leadership in France.

French Republic

The official name of France as a democratic country, established in 1792 after the overthrow of the monarchy, currently in its Fifth Republic initiated in 1958.

French Army

The land-based military force of France, established in the early modern period, known for its pivotal roles in European and global conflicts throughout history.