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Question
In short-answer format(ie.thisdoes not have to be presented in the form of an essayor formal report), and with reference to the relevant accounting standard(s), answerthe following questions:
What is a non-controlling interest, and how is a non-controlling interest disclosed in consolidated financial statements?
If Nat acquires a 60% interest in West, on consolidation which elimination entries should be done at 60% and which should be eliminated at 100% (if any)?Why? In the consolidated financial statements of the group will the assets and liabilities of West be shown at 60% or 100%? Why?
In what circumstances would anentity consolidate the financial statements of an entity in which it owned no shares?
Explain in your own words, using a diagram if you wish, the concept of an indirect non-controlling interest.Does the existence of an indirect non-controlling interest have any impact on the adjustments for intra-group transactions?Why or why not?
Explain the difference in operating income for January and February and March under variable costing and absorption costing
Idendify the differences between the foreign corporation's financial statements and a typical U.S. corporate financial statement
mcminn retail inc.mcminn retail inc. is a retailer that has engaged you to assist in the preparation on its financial
question problem 3 at the of 2013 big and little had the subsequent income statements and balance
alpha corp. manufactures video games that it sells for 36 each.nbsp the following data is available for the months of
How much insurance expense will be recorded for the accounting periods ending December 31, 2007, and December 31, 2008, if the company uses the accrual basis of accounting?
Sixty pounds of corn and 25 lb of hops are available. Formulate an LP that can be used to maximize revenue. Solve the LP graphically.
Prepare journal entries for 2010 using the Completed-contract method.
calculation of over heads to be assigned to a unit of output.lakeside companys budget for the coming year includes
question research companies who have experienced misappropriation of assets or loss of customer information within the
Determine the average waiting time for cycles if they are the only item manufactured? and What are the average waiting times if both cycles and scooters are produced and the assembly line is not enlarged?
Evaluation of physical units and equivalent units for materials and conversion costs provided work-in-process data at beginning, processing and ending.
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