Results of consolidated financial statements

Assignment Help Accounting Basics

Reference no: EM13152025

Intercompany debt which must be eliminated from consolidated financial statements may results from:

a. one member of a consolidated group selling its bonds directly to another member of the group.

b. one member of a consolidated group advancing funds to another member of the group so that the member may retire bonds it had issued to outside parties.

c. one member of a consolidated group purchasing bonds from outside parties as an investment that had been issued to outside parities by another member of the group.

d. all of the above.

Reference no: EM13152025

Questions Cloud

Alinsky, rules for radicals : Alinsky, Rules for Radicals, pp. Oct. Models of Power CASE: What a Star-What a Jerk (Classpak #1). Case questions: - What, if anything, is Andys problem? - What, if anything, should Jane do about Andy?

What will the pressure be : a gas cylinder contains 40.0 L of gas at 45.0C and has a pressure of 650. torr. What will the pressure be if the temperature is changed to 100C?

Determining losses for tax purposes : In the current year, Teal Corporation becomes insolvent and is declared bankrupt. During the corporation's existence, Emily was paid an annual salary of $60,000. How should she treat her losses for tax purposes?

Explain the long-run effect of an increase in nominal money : Explain the long-run effect of an increase in nominal money supply on the amount of real money balances available in the economy.

Results of consolidated financial statements : Intercompany debt which must be eliminated from consolidated financial statements may results from:

How many grams of water are present in the sample : The freezing point of t-butanol is 25.50C and Kf is 9.1C kg/mol. Usually t-butanol absorbs water on exposure to air. If the freezing point of a 10.0g sample of t-butanol is 24.59C. How many grams of water are present in the sample?

How firms develop internet applications : Answering this question increases understanding of how firms develop Internet applications to address specific requirements by relying on different types of software development practices

Various types of confirmations : You decide that you will address Smackey Dog Food, Inc.'s accounts receivables through confirmations. Discuss the various types of confirmations and what forms you will implement and why.

Explain why government regulation is needed : Explain why government regulation is needed, citing the major reasons for government involvement in a market economy and justify the rationale for the intervention of government in the market process in the U.S.

User Account

All Pages