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At a recent staff meeting, the VP of marketing appeared confused. The controller has assured him the parent company and each of the subsidiary companies had properly accounted for all transactions during the year. The VP asked, "If it has been done properly, then why must you spend so much time and make so many changes to the amounts reported by the individual companies when you prepare the consolidated financial statements each month? You should be able to just add the reported balances together." On behalf of the controller, provide an answer to the VP of marketing and support for your response.
the following activities take place in ushers department store. upon receipt ushers discounts all products 25 percent
Uncollectible Accounts
medical teks provides services to physicians including research assistance diagnosis coding and medical practice
macready company is considering introducing a new compact disc player model at a price of 105 per unit. macreadys
detmer holdings ag of zurich switzerland has just introduced a new fashion watch for which the company is trying to
How to calculate requirement of working capital management?
The Word for the study of Values in Philosophy is "Axiology," which has the same root as "Axiom" in mathematics. In Axiology, however, values are studied as to what motivates, inspires, of is responsible for human decision making.
arizona has authorized 600000 shares of common stock and 80000 shares of prefered stock. use journal entries for31513
two bonds have the following terms bond a bond b principal 1000 principal 1000 coupon 8 coupon 7.6 maturity 10 years
verde company produces wheels for bicycles. during the year 660000 wheels were produced. the actual labor used was
the following single-step income statement was prepared creative tax service income statement for the year ended
V Company's product has a labor standard of 2 hours per unit. For 2011, it estimates its production will be 200,000 units (400,000 DLHs). It budgets total overhead at $900,000, which results in a fixed overhead rate of $1.50 per hour.
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