User Account

All Pages

What deferred tax item that is recognised on consolidation

Assignment Help Financial Accounting
Reference no: EM132884408

Question - A subsidiary sold inventories to its parent for $100 000. The inventories originally cost the subsidiary $80 000. At balance sheet date, the parent had sold 50% of the inventories to an external party. The company tax rate is 30%. What the deferred tax item that is recognised on consolidation?

Reference no: EM132884408

Questions Cloud

Multilevel systems of organizational learning : Discuss the relationship between the 3 multilevel systems of organizational learning. What should organizations do to facilitate learning at each?
Conduct in-depth investigation : Select a topic from the following list on which you would like to conduct an in-depth investigation:
Talk about tactics for influence and persuasion you use : 1. Talk about tactics for influence and persuasion you use. 2. How can you improve your own influence power?
Write a case study on the health care retirement corporation : Write a Case study on the Health Care Retirement Corporation from the background in Labor Relations striking a balance 6e; are the nurses cover by NLRA? Remembe
What deferred tax item that is recognised on consolidation : The parent had sold 50% of the inventories to an external party. The company tax rate is 30%. What the deferred tax item that is recognised on consolidation
Important in management information systems : Explain your reasoning, and include a discussion about why good information is important in management information systems (MIS).
What is the revaluation surplus : The entity had the property professionally revalued at £500,000. What is the revaluation surplus that will be recorded in the financial statements
Conduct adequate strategic IS planning : What are at least 2 reasons why this type of planning might not be done appropriately or at all?
Careers in information technology : Your task for this discussion is to search online for 2 careers in Information Technology.

Reviews

Write a Review

Financial Accounting Questions & Answers

  Financial statement analysis and preparation

Financial Statement Analysis and Preparation

  Shareholder of a company

Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?

  Financial and accounting principles

An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.

  Prepare a statement of cash flow using the direct method

Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.

  Financial accounting assignment

This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited

  Prepare general journal entries for goela

Prepare general journal entries for Goela Ltd

  Principles of financial accounting

Prepare the journal entry to record the acquisition of the assets.

  Prepare general journal entries to record the transactions

Prepare general journal entries to record the transactions, assuming use of the periodic inventory system

  Global reporting initiative

Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.

  Explain the iasb conceptual frameworks

Explain the IASB Conceptual Framework's perspective of users and their decisions.

  Determine the company''s financial statements

T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .

  Computation of free cash flow

Computation of Free Cash Flow

Free Assignment Quote

Assured A++ Grade

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd