Explain how a non-consolidated subsidiary can be a form of off-balance-sheet financing.
Question:
Explain how a non-consolidated subsidiary can be a form of off-balance-sheet financing.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 75% (12 reviews)
Under GAAP a parent company does not have to consolidate a subsidiary company that is less than 50 ...View the full answer
Answered By
Pranav Makode
I am a bachelor students studying at professor ram meghe institute of technology and research. I have a great experience of being an expert. I have worked as an expert at helloexperts and solvelancer as a part time job. I have also worked as a doubt solver at ICAD SCHOOL OF LEARNING, which is in Amravati city. I have also worked as an Freelancer.
I have great experience of helping students, as described above. I can help any students in a most simple and understandable way. I will not give you have any chance for complaint. You will be greatfull to accept me as an expert.
5.00+
1+ Reviews
10+ Question Solved
Related Book For
Intermediate Accounting
ISBN: 978-0470423684
13th Edition
Authors: Donald E. Kieso, Jerry J. Weygandt, And Terry D. Warfield
Question Posted:
Students also viewed these Accounting questions
-
How are signicant non cash investing and financing activities typically reported in a set of nancial statements? Other than the example provided in the book, give two examples of signicant noncash...
-
How is an unconsolidated subsidiary presented on a balance sheet?
-
How does the consolidated balance sheet differ from the balance sheet of the parent?
-
Suggest a systematic process that Daimler could have followed to increase the likelihood of merger success. Provide examples on how Daimler might have made such a process succeed.
-
An article in the New York Times describes Chipotle as "the restaurant chain that has come to symbolize the tastes of the millennial generation" and lists the sources of Chipotle's success as...
-
Asset Acquisition: At 31 December 20X4, certain accounts included in the property, plant, and equipment section of Hint Corporations balance sheet had the following balances: Land...
-
Direct deposit both reduces the costs of and improves control over payroll dis tribution. Does this mean that companies should require all their employees to be paid by direct deposit? Why or why not?
-
The financial statements of P&G are presented in Appendix B. The companys complete annual report, including the notes to the financial statements, is available online. Instructions Refer to P&Gs...
-
Getting the ______________ correct and the production of useful results is a big part of spreadsheet modeling. a. inputs b. logic c. manufacturing d. cost
-
The position of a particle as a function of time is given by r(vector) = (5.0i + 4.0j)t 2 m, where t is in seconds. a. What is the particles distance from the origin at t = 0, 2, and 5 s? b. Find an...
-
What are some forms of off-balance-sheet financing?
-
Where can authoritative i GAAP guidance related to liabilities are found?
-
Suppose the random variables X, Y, and Z have the joint probability density function fXYZ (x, y, z) = c over the cylinder x2 + y2 < 4 and 0 < z < 4. Determine the following. (a) The constant c so...
-
A cross-complaint is a document filed by the original plaintiff to answer the defendant's cross-complaint filed by the defendant against the plaintiff to seek damages or some other remedy filed by...
-
Assume that your team was hired as the new audit committee to replace Gill and his board. Using COSO as the roadmap, what would be your recommendations for the implementation of internal risk...
-
The student(s) will research, prepare, and present an in-service training lesson plan. The subject will be on a foodservice training topic of their choice which is applicable to foodservice industry...
-
A hairstyling salon constructed a flexible budget projecting 1 , 0 0 0 and 1 , 1 0 0 customers for the month of June. The owner expects 1 , 0 0 0 customers but hopes for 1 , 1 0 0 customers. Average...
-
Fill the blank boxes Ite: A Quantity on Hand: 75 Forecast Customer orders (booked) Projected on-hand inventory MPS quantity MPS start 1 70 45 January 2 70 15 3 70 85 Order Policy: 100 units Lead...
-
Discuss how leaders and managers differ.
-
Find the equation of the plane passing through the points P 5,4,3 ,Q 4,3,1 and R 1,5,4
-
Computers often communicate with other remote computers over telephone lines. For example, this is how dial-up communication over the internet takes place. When one computer is transmitting a message...
-
On January 1, 2020, Fresh Juice Ltd. entered into a purchase commitment contract to buy 10,000 oranges from a local company at a price of $0.50 per orange any time during the next year. The contract...
-
Floral Gardens Incorporated is a nationwide chain of garden centres that operates as a private company. In 2020, it issued three new financial instruments. All three of these instruments are new to...
-
Jamieson Limited, a publicly accountable enterprise, issued bonds that will not be due until 2117. The bonds carry interest at 5%. Explain how this instrument should be presented on the statement of...
-
Twenty-two young asthmatic volunteers were studied to assess the short-term effects of sulfur dioxide (SO 2 ) exposure under various conditions. The baseline data were recorded regarding bronchial...
-
Investment Analysis Stock Valuation Exercise If you're aware that Al-Raed Company has paid dividends of 5 riyals, and that the growth rate of these dividends is expected to decrease by 10% for the...
-
At the beginning of this semester, you were asked to share your perspectives on how you may apply cost management information for your current work/job. Now, it is the end of the semester, and you...
Study smarter with the SolutionInn App