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Question - Parent and its 70% owned Subsidiary report the following at December 31 of the current year: Parent Net Income, P300,000; Parent Dividends, P20,000. Subsidiary Net Income, P250,000; Subsidiary Dividends, P20,000. On January 3, of the current year, Parent sold equipment to Subsidiary with a remaining 5-year life reporting a gain on sale of P20,000. The gain is included in the net income reported by the Parent. Find the non-controlling interest net income.
how do you work this transaction?the note payable relating to the june 2 and 10 transactions is a five year note with
Why are industries fragmented? What are the primary ways in which companies can turn a fragmented industry into la consolidated industry?
An overseas institutional investor has approached your investment advisory firm seeking to invest million in one of the big local bank's ordinary shares.
Assume that there will be no financing transactions or costs during the quarter. Based on the above information only, what will the cash balance be at April
Why do you suppose Union Planters purchases investments, rather than simply making loan? How must Union Planters account for its investments in each categories?
find the mean for the given sample data. unless indicated otherwise round your answer to one more decimal place than is
1. If the parent's net income reflected use of the equity method, what were the consolidated retained earnings on December 31, 2010?
The income statement reported tax expense for 2012 in the amount of $580,000. What was the amount of income taxes payable for 2012
Actual production figures for the past year were as follows.
An article in the financial press entitled "Important Information in Annual Reports This Year" noted that annual reports include a management's discussion and analysis section.
1. ekman company issued 1400000 13-year bonds and agreed to make annual sinking fund deposits of 70700. the deposits
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