User Account

All Pages

What is accounting valuation basis for consolidating assets

Assignment Help Financial Accounting
Reference no: EM131330987

DISCUSSION 4

ANSWER IN 2-3 PARAGRAPHS AND USE SCHOLARLY SOURCE(S)

Using the U.S. Securities and Exchange Commission's EDGAR database, select a public company that has consolidated subsidiaries. To minimize the chances of classmates selecting the same company, select one that begins with the same letter as your first or last name.

In your discussion post, name the company and all of its subsidiaries. Then answer the following questions:

• What is the accounting valuation basis for consolidating assets and liabilities in the business combination?

• What percentage ownership does the parent have in one of the subsidiaries reported?

• Are there any outside interests that have been accounted for with this subsidiary?

• Is there any goodwill recorded? If yes, are there notes in the financial statement regarding a goodwill impairment loss? If so, how were they recorded? If not, how and when should any goodwill impairment loss be recorded?

Reference no: EM131330987

Questions Cloud

General manager of a service department : 1-Place yourself in the position of general manager of a service department. How might formally written job requirements help you manage your work unit?
Implement a relational database management system : You have been hired by National Bank as their new database administrator. Your first task is to upgrade the bank's outdated computer system and implement a relational database management system
Evaluate the impact the accounting literature : Write a three page report evaluating the impact the accounting literature or specific standard had on each of your company's financial statements.
Choosing one overall compensation program : Why is it important for organizations to think in terms of designing a mix of programs rather than choosing one overall compensation program? Give examples.
What is accounting valuation basis for consolidating assets : What is the accounting valuation basis for consolidating assets and liabilities in the business combination? What percentage ownership does the parent have in one of the subsidiaries reported?
Changes in a compensation system to employees : Explain why it is crucial to communicate the reasons for any changes in a compensation system to employees. Describe various ways the organization you work for (or one you have worked for) should communicate these changes and why. Be specific.
Summarize the information from your articles and databases : Select one aspect of housing and/or neighborhood inequity that you are most interested in researching and writing about. For your research paper, you will research and write about the causes, consequences and policy solutions to address the proble..
How the firm managed to hide their accounting improperties : A description of the scandal methodology - explain the specific accounting impropriety that company used. An explanation of how the firm managed to hide their accounting improperties?
Calculate smallest rate of increase in number of passengers : Calculate the smallest rate of increase in the number of passengers per month X, to make sure you do not run out of cash at any time (you always end up with some cash left at the end of each month).

Reviews

Write a Review

Financial Accounting Questions & Answers

  What is approximate accounting rate of return for machine

A company is considering the purchase of a new machine for $28,000. Management predicts that the machine can produce sales of $12,000 each year for the next 10 years. Expenses are expected to include direct materials, direct labor, and factory overhe..

  Property tax on an apartment complex assessed

The property tax in a certain country varies directly as assessed valuation. If a tax of $1,575 is charged on a single-family home assessed at $84,000, determine the property tax on an apartment complex assessed at $257,600.

  Prepare an income statement and a retained earnings

Prepare financial statements. (LO 1,3), AP You are provided with the following information for Ramirez Enterprises, effective as of its April 30, 2014, year-end.

  Capitalized or expensed as repairs and maintenance

Your supervisor has come to you with the following list of expenditures for the year and is asking you whether they should be capitalized or expensed as repairs and maintenance. Indicate all of the expenditures that would most appropriately be capita..

  What should be hancocks 2015 earnings per common share

Net income for the year ended December 31, 2015 was $1,360,000. What should be Hancock's 2015 earnings per common share, rounded to the nearest penny?

  What is his marginal tax rate on this income

Chuck, a single taxpayer, earns $177,500 in taxable income and $32,000 in interest from an investment in City of Heflin bonds. If Chuck earns an additional $100,250 of taxable income, what is his marginal tax rate on this income? What is his marginal..

  Preparation of classified balance sheet from the given

preparation of classified balance sheet from the given data.balance sheet preparation from the following data prepare a

  Calculate the cost of equipment

On January 1. 20X1, Graham Corporation purchased equipment by agreeing to pay $100,000 down and signing an installment loan agreeing to make three payments of $100,000 each at the end of 20X1, 20X2, and 20X3. The going rate of interest on similar tra..

  Free cash flow rather than price-to-earnings ratio

Most analysts prefer using price to free cash flow rather than price-to-earnings (P/E) ratio because price to free cash flow is

  What does amount reported for cost of goods sold represent

Explain why or why not. Research computer systems methods you can use to record your transactions and create your financial statements and how can you tell? Does your company use accrual-based or cash-based accounting? How can you tell?

  Dividing partnership income-determine division of net income

Desmond Drury and Ty Wilkins have decided to form a partnership. They have agreed that Drury is to invest $55,200 and that Wilkins is to invest $36,800. Drury is to devote full time to the business, and Wilkins is to devote one-half time. The followi..

  How many units should be budgeted for production

Davis Manufacturing has a sales budget of 80,000 units in April, 90,000 units in May and 64,000 units in June. Cost of Goods sold is expected to be 65 percent of sales. Willis requires ending finished goods inventories equal to 30 percent of the foll..

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