What figures constitute this balance

Assignment Help Financial Accounting

Reference no: EM13141716

Several years ago, Jenkins Company acquired a controlling interest in Lambert Company. Lambert recently borrowed $100,000 from Jenkins. In consolidating the financial records of these two companies, how will this debt be handled?

Benns adopts the equity method for its 100 percent investment in Water. At the end of six years, Benns reports an investment in Waters of $920,000. What figures constitute this balance?

Reference no: EM13141716

Questions Cloud

Discuss the advantages and disadvantages of diffusion : With regard to bringing solutes into the cell across the plasma membrane, discuss the advantages and disadvantages of diffusion, facilitated diffusion, active transport, and endocytosis.

Define the problem on rankine cycle : Water is the working fluid in a vapor power cycle with reheat, superheat and reheat. Superheated steam enters the first turbine stage at 8 MPa, 480 C and expands to 0.7 MPa

What would be the pressure : suppose a can contains gas at a pressure of 755 mm Hg and a temperature of 25 degrees celsius, what would be the pressure if the can was heated to 1155 degrees celsius ?

Ias3/aasb 3 business combinations : IAS3/AASB 3 Business Combinations IAS116/AASB116 Property, plant and equipment IAS138/AASB138 Intangible assets

What figures constitute this balance : Benns adopts the equity method for its 100 percent investment in Water. At the end of six years, Benns reports an investment in Waters of $920,000. What figures constitute this balance?

What would happen to plant growth during long summer drought : In moist temperate environments like New England, most plants are C3 plants. Describe what would happen to plant growth during a long summer drought in Central Massachusetts ?

How many moles of phosphine (ph3) are produced : How many moles of phosphine (PH3) are produced for every 4.0 moles of hydrogen that react according to the chemical equation below?.

What is necessity of removing this amortization : the amortization expense entry recorded during the year is eliminated on a consolidation worksheet as a component of entry I. what is the necessity of removing this amortization?

Amount of monthly depreciation expense : Nelson Company purchased equipment on July 1 for $27,500 and decided to depreciate the equipment on the straight-line method over its useful life of five years. Assuming the equipment's salvage value is $3,500, the amount of monthly depreciation e..

User Account

All Pages