User Account

All Pages

What is total amount reported on consolidated balance sheet

Assignment Help Accounting Basics
Reference no: EM132065357

Question - During the current year, ABC Corporation sold inventory costing $80,000 to DEF for $100,000. ABC owns 80 percent of the outstanding shares of DEF Corporation. DEF has paid ABC and DEF still has all of this inventory on the last day of the year. At the balance sheet date, ABC has total current assets of $600,000 whereas DEF has total current assets of $500,000. Assume that there were no allocations established at the date of acquisition. What is the total amount reported on the consolidated balance sheet for current assets?

A. $1,000,000

B. $1,090,000

C. $1,080,000

D. $1,100,000

Reference no: EM132065357

Questions Cloud

Key differences between internal and external consultants : Discuss the key differences between internal and external consultants. Discuss which role you think would be more challenging and why.
What amount should be reported as total stockholders equity : In a combined balance sheet of the two corporations at December 31, year 1, what amount should be reported as total stockholders' equity
Wish to raise some money for your favorite local charity : Suppose you wish to raise some money for your favorite local charity. how much would you have to fund this perpetuity to guarantee the charity a payment of $50,
What amount should abc report as consolidated cost : Several years ago, ABC bought DEF Company. What amount should ABC report as consolidated cost of goods sold
What is total amount reported on consolidated balance sheet : Assume that there were no allocations established at the date of acquisition. What is the total amount reported on the consolidated balance sheet
What would be the dividend liability : What would be the dividend liability at the end of 2013 on the statement of financial position
Explain why the operational losses cannot be broadly managed : LTD is headquartered in Houston, TX. LTD does not sell insurance directly to the public. Instead, it uses third-party agents to sell its policies.
Discuss process of learning within the organization culture : Elaborate on the significant barriers that you discovered impact the process of learning within the organization's culture.
Illustrate the messages view of the audience : Locate your local Chamber of Commerce's community profile either online or in printed material that describes your local community.

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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