Data
| Parent | Page | Formulas | Your Score |
| Bonds purchased | Data | 3 |
| Face value | $600,000 | Amort | 46 |
| Face rate | 10.00% | Year 1 | 70 |
| Market rate | 15.00% | Year 2 | 69 |
| Purchase date | 1/1/y2 | Year 3 | 65 |
| Maturity date | 1/1/y5 | Formating | 20 |
| Holding Period | 3 | Key | 12 |
| Parent ownership of Subsidiary | 75% | Courtesy points | 18 |
| Investment Balance, 1/1/2017 | $1,125,000 | File name | 10 |
| Zach | Total | 313 | 0 |
| Subsidiary | Project is worth 125 points | Score = | 0 |
| Bonds Issued |
| Face value | $1,000,000 |
| Face Rate | 10.00% |
| Market rate | 12.00% |
| Issue date | 1/1/y1 |
| Maturity Date | 1/1/y5 |
| Life | 4 |
|
| IF statement Gain or loss on retirement of Debt |
| 2 | 1 |
|
| Yellow 1 point each |
| Blue 2 points each |
Amortization Schedules
|
| Amortization Schedule – Buyer |
| Date | Interest Revenue | Interest Receivable | Amortization | Face Value | Carrying Value |
| 1/1/y1 | Zach | Present Value Formula | 18 |
| 12/31/y1 |
| 12/31/y2 |
| 12/31/y3 |
|
|
| Amortization Schedule – Issuer |
| Date | Interest Expense | Interest Payable | Discount / (Premium) Amortization | Discount / (Premium) Balance | Face Value | Carrying Value |
| 1/1/y0 | Zach | Present Value Formula | 28 |
| 12/31/y0 |
| 12/31/y1 |
| 12/31/y2 |
| 12/31/y3 |
Year 1
| 70 | Parent | Subsidiary | Consolidation “Entries” | Non-Controlling Interest | Combined |
| Zach | Dr (Cr) | Dr (Cr) | Dr | Cr | Dr (Cr) | Dr (Cr) |
| Income Statement |
| Revenue | -300000 | -200000 |
| Interest Revenue | B |
| Interest Expense | B |
| IF Statement Gain or loss on retirement | B | IF Statement gain or loss on retirement |
| Equity in Sub Earnings | I |
| Separate Net Income |
| Consolidated Net Income |
| Non Controlling Interst in Sub Income |
| Net Income to Contolling Interest |
| Statement of Retained Earnings |
| Retained Earnings 1/1/2017 | -2000000 |
| -1500000 | S |
| Net Income |
| Dividends |
| Retained Earnings 12/31/2017 |
| Balance Sheet |
| Other Assets | $0 | $0 |
| Interest Receivable | P |
| Investment in S | S |
| I |
|
| Investment in Bonds | B |
| Total Assets |
| Interest Payable | P |
| Bonds Payable | B |
| IF statement for Premium or discount on bonds | IFstatement premium or discount | B | IF statement premium or discount |
|
| Non Contolling Interest 12/31/2017 |
| Retained Earnings 12/31/2017 |
| Total Liabilities and Equity |
| 3 | 11 | 10 | 10 | 10 | 3 | 23 |
|
| Legend |
|
|
|
|
|
|
|
|
|
|
Year 2
| 69 | Parent | Subsidiary | Consolidation “Entries” | Non-Controlling Interest | Combined |
| Zach | Dr (Cr) | Dr (Cr) | Dr | Cr | Dr (Cr) | Dr (Cr) |
| Income Statement |
| Revenue | -300000 | -200000 |
| Interest Revenue | 555 | B |
| Interest Expense | B |
|
| Equity in Sub earnings | I |
| Separate Net Income | 555 |
| Consolidated Net Income |
| Non Controlling Interst in Sub Income |
| Net Income to Contolling Interest |
| Statement of Retained Earnings |
| Retained Earnings 1/1/2018 |
| IF statement deferred gain or loss | B | IF statement deferred gain or loss |
| S |
| Net Income |
| Dividends |
| Retained Earnings 12/31/2018 |
| Balance Sheet |
| Other Assets | $0 | $0 |
| Interest Receivable | P |
| Investment in S | S |
| I |
|
| Investment in Bonds | B |
| Total Assets |
| Interest Payable | P |
| Bonds Payable | B |
| IF statement premium or discount | B | IF statement premium or discount |
|
| Non Contolling Interest 12/31/2018 |
| Retained Earnings 12/31/2018 |
| Total Liabilities and Equity |
| 1 | 12 | 11 | 10 | 10 | 3 | 22 |
|
| Legend |
|
|
|
|
|
|
Year 3
| 65 | Parent | Subsidiary | Consolidation “Entries” | Non-Controlling Interest | Combined |
| Zach | Dr (Cr) | Dr (Cr) | Dr | Cr | Dr (Cr) | Dr (Cr) |
| Income Statement |
| Revenue | -300000 | -200000 |
| Interest Revenue | B |
| Interest Expense | B |
|
| Equity in Sub earnings | I |
| Separate Net Income |
| Consolidated Net Income |
| Non Controlling Interst in Sub Income |
| Net Income to Contolling Interest |
| Statement of Retained Earnings |
| Retained Earnings 1/1/2019 |
| IF statement deferred gain or loss | B | IF statement deferred gain or loss |
| S |
| Net Income |
| Dividends |
| Retained Earnings 12/31/2019 |
| Balance Sheet |
| Other Assets | $0 | $0 |
| Interest Receivable | P |
| Investment in S | S |
| I |
|
| Investment in Bonds | B |
| Total Assets |
| Interest Payable | P |
| Bonds Payable | B |
|
|
| Non Contolling Interest 12/31/2019 |
| Retained Earnings 12/31/2019 |
| Total Liabilities and Equity |
| 1 | 12 | 11 | 8 | 8 | 3 | 22 |
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