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AccountingPrinciples,6eWeygandt,Kieso,&KimmelPreparedbyMarianneBradford,Ph.D.BryantCollegeJohnWiley&Sons,Inc.蜗牛之家网http:1Discusswhycorporationsinvestindebtandstocksecurities.2Explaintheaccountingfordebtinvestments.3Explaintheaccountingforstockinvestments.4Describetheuseofconsolidatedfinancialstatements.5Indicatehowdebtandstockinvestmentsarevaluedandreportedonthefinancialstatements.6Distinguishbetweenshort-termandlong-terminvestments.CHAPTER17INVESTMENTSPREVIEWOFCHAPTER17InvestmentsWhyCorporationsInvestAccountingforDebtInvestmentsRecordingacquisitionofbondsRecordingbondinterestRecordingsaleofbondsPREVIEWOFCHAPTER17InvestmentsAccountingforStockInvestmentsHoldingslessthan20%Holdingsbetween20%and50%Holdingsofmorethan50%ValuationandReportingofInvestmentsCategoriesofsecuritiesBalancesheetpresentationRealizedandunrealizedgainorlossComprehensivebalancesheetSTUDYOBJECTIVE1Discusswhycorporationsinvestindebtandstocksecurities.ILLUSTRATION17-1TEMPORARYINVESTMENTSANDTHEOPERATINGCYCLECashTemporaryInvestmentsAccountsReceivableInventoryInvestSellAttheendoftheiroperatingcycles,manycompaniesmayhavetemporarilyidlecashonhanduntilthestartofthenextoperatingcycle.Thesecompaniesmayinvesttheexcessfundstoearnagreaterreturn.Therelationshipoftemporaryinvestmentstotheoperatingcycleisdepictedbelow.ILLUSTRATION17-2WHYCORPORATIONSINVESTReasonTypicalInvestmentTohouseexcesscashuntilneededLow-risk,high-liquidity,short-termsecuritiessuchasgovernment-issuedsecuritiesTogenerateearningsIneed1,000Treasurybillsbytonight!Debtsecurities(banksandotherfinancialinstitutions);andstocksecurities(mutualfundsandpensionfunds)TomeetstrategicgoalsStocksofcompaniesinarelatedindustryorinanunrelatedindustrythatthecompanywishestoenterSTUDYOBJECTIVE2Explaintheaccountingfordebtinvestments.ACCOUNTINGFORDEBTINVESTMENTSRECORDINGAQUISITIONOFBONDSDebtinvestmentsareinvestmentsingovernmentandcorporationbonds.Inaccountingfordebtinvestments,entriesarerequiredtorecordthe1acquisition,2interestrevenue,and3sale.Atacquisition–thecostprincipleapplies.Costincludesallexpendituresnecessarytoacquiretheseinvestments.KuhlCorporationacquires50DoanInc.12%,10-year,$1,000bondsonJanuary1,2002,for$54,000,includingbrokeragefeesof$1,000.Theentrytorecordtheinvestmentis:DateAccountTitlesandExplanationDebitCreditJan.1DebtInvestmentsCash(Torecordpurchaseof50DoanInc.bonds)54,00054,000ACCOUNTINGFORDEBTINVESTMENTSRECORDINGBONDINTERESTThebondspay$3,000interestonJuly1andJanuary1($50,000x12%x½).TheJuly1entryis:Itisnecessarytoaccrue$3,000interestearnedsinceJuly1atyear-end.TheDecember31entryis:DateAccountTitlesandExplanationDebitCreditJuly1CashInterestRevenue(TorecordreceiptofinterestonDoanInc.bonds)3,0003,000DateAccountTitlesandExplanationDebitCreditDec.31InterestReceivableInterestRevenue(ToaccrueinterestonDoanInc.bonds)3,0003,000ACCOUNTINGFORDEBTINVESTMENTSRECORDINGBONDINTERESTDateAccountTitlesandExplanationDebitCreditJan.1CashInterestReceivable(Torecordreceiptofaccruedinterest)WhentheinterestisreceivedonJanuary1,theentryis:3,0003,000ACCOUNTINGFORDEBTINVESTMENTSRECORDINGSALEOFBONDSAnydifferencebetweenthenetproceedsfromthesale(salespricelessbrokeragefees)andthecostofthebondsisrecordedasagainorloss.KuhlCorporationreceivesnetproceedsof$58,000onthesaleoftheDoanInc.bondsonJanuary1,2003,afterreceivingtheinterestdue.Sincethesecuritiescost$54,000,againof$4,000hasbeenrealized.Theentrytorecordthesaleis:DateAccountTitlesandExplanationDebitCreditJan.1CashDebtInvestmentsGainonSaleofDebtInvestments(TorecordsaleofDoanInc.bonds)58,00054,0004,000STUDYOBJECTIVE3Explaintheaccountingforstockinvestments.Investor抯OwnershipPresumedInterestinInvestee抯InfluenceAccountingCommonStockonInvesteeGuidelinesLessthan20%InsignificantCostmethodBetween20%SignificantEquitymethodand50%Morethan50%ControllingConsolidatedfinancialstatementsILLUSTRATION17-3ACCOUNTINGGUIDELINESFORSTOCKINVESTMENTSStockinvestmentsareinvestmentsinthecapitalstockofcorporations.Whenacompanyholdsstockordebtofvariouscorporations,thegroupofsecuritiesisidentifiedasaninvestmentportfolio.RECORDINGSTOCKINVESTMENTSHOLDINGSLESSTHAN20%Inaccountingforstockinvestmentsoflessthan20%,thecostmethodisused.Underthecostmethod,theinvestmentisrecordedatcost,andrevenueisrecognizedonlywhencashdividendsarereceived.OnJuly1,2002,SanchezCorporationacquires1,000shares(10%ownership)ofBealCorporationcommonstock.Sanchezpays$40pershareplusbrokeragefeesof$500.Theentryforthepurchaseis:DateAccountTitlesandExplanationDebitCreditJuly1StockInvestmentsCash(Torecordpurchaseof1,000sharesofBealCorporationcommonstock)40,50040,500RECORDINGSTOCKINVESTMENTSHOLDINGSLESSTHAN20%Entriesarerequiredforanycashdividendsreceivedduringthetimethestockisheld.Ifa$2persharedividendisreceivedbySanchezCorporationonDecember31,theentryis:DividendRevenueisreportedunderOtherRevenueandGainsintheincomestatement.Sincedividendsdonotaccrue,adjustingentriesarenotmadetoaccruedividends.DateAccountTitlesandExplanationDebitCreditDec.31Cash(1,000x$2)DividendRevenue(Torecordr