Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
A parent acquires its subsidiary on January 1, 2019, at a cost that exceeds the subsidiary's book value by $10,000. The subsidiary's assets and liabilities are reported at amounts approximating book value, and there are no previously unreported assets or liabilities. Goodwill from the acquisition is impaired by $300 in 2019 and $100 in 2020. The subsidiary reports net income of $4,500 in 2019 and $3,200 in 2020. The subsidiary has no other comprehensive income and declares no dividends during 2019 or 2020.
Question 1: On the consolidation working paper at December 31, 2020, eliminating entry (A) includes a debit to the investment in subsidiary account in the amount of:
Option A. $4,500
Option B. $7,700
Option C. $7,300
Option D. $4,200
Determine and Prepare the journal entries to close the income summary, assuming a profit of P740,000, profit of P140,000, loss of P60,000
Jennifer has $10,000 invested in a money market ,deposits at the end of each month of $400 . How much will she have in the account after 3 years?
1.nbspmaddux inc. has completed its fiscal year and reported the following information. the company had current assets
To begin, research the latest two years of financial statements for a publicly traded organization based in the U.S. Obtain the organization's three most recent annual reports. Identify the industry of the organization and present industry statistics..
Prepare an income statement for the year 2012 using the multiple-step form. Common shares outstanding for 2012 total 40,550 (000 omitted).
Calculate the annual rate of return for each asset in each of the 10 preceding years, and those values to find the average annual return for each asset over the 10-year period.
At the current selling price of $70 per unit, what the contribution margin ratio is? fixed operating expenses are not changed by this reduction in selling price
Porter Corporation's capital structure consists of 50,000 shares of common stock. On December 31, 2012, an analysis of the accounts and discussions with company officials revealed the following information: Sales revenue $1,100,000 Purchase discou..
calculation of bond price and interest rate risk .both bond sam and bond dave have 16 percent coupons make semiannual
Should the level of a company's income determine the accounting methods that it uses and the accounting estimates that it makes? Why or why not?
Comprehensive income requires that companies present comprehensive income in either of two ways.
Perla Company acquires 40% of the voting stock of Stanton Corporation for $8,000,000 on January 1, 2016. At the time, the book value of Stanton was $20,000,000. During 2016, Stanton reported net income of $2,500,000 and paid dividends of $600,000. Wh..
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd