How is the computation of noncontrolling interest share affected by downstream sales of land? By upstream sales
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 62% (8 reviews)
Noncontrolling interest share is not affected by do...View the full answer
Answered By
Rashul Chutani
I have been associated with the area of Computer Science for long. At my university, I have taught students various Computer Science Courses like Data Structures, Algorithms, Theory of Computation, Digital Logic, System Design, and Machine Learning. I also write answers to questions posted by students in the area of and around Computer Science.
I am highly fortunate to receive great feedback on my teaching skills that keeps me motivated. Once a student sent me an email stating that I had explained to him a concept better than his professor did.
I believe in the fact that "Teaching is the best way to learn". I am highly fascinated by the way technology nowadays is solving real-world problems and try to contribute my bit to the same.
Besides tutoring, I am a researcher at the Indian Institute of Technology. My present works are in the area of Text Summarization and Signal and Systems.
Some of my achievements include clearing JEE Advanced with an All India Rank of 306 out of 1.5 million contesting candidates and being the Department Ranker 1 at my University in the Department of Computer Science and Engineering.
I look forward to providing the best Tutoring Experience I can, to the student I teach.
5.00+
1+ Reviews
10+ Question Solved
Related Book For
Advanced Accounting
ISBN: 9780132568968
11th Edition
Authors: Floyd A. Beams, Joseph H. Anthony, Bruce Bettinghaus, Kenneth Smith
Question Posted:
Students also viewed these Accounting questions
-
Describe the computation of noncontrolling interest share for an 80%-owned subsidiary with both preferred and common stock outstanding.
-
Describe the computation of noncontrolling interest share in a year in which there is unrealized inventory profit from upstream sales in both the beginning and ending inventories of the parent.
-
Describe the computation of noncontrolling interest share in the year of an upstream sale of depreciable plant assets.
-
Explain the economic basis for the U shape of the long-run average total cost curve.
-
Brushstroke Art Studio, Inc., provides quality instruction to aspiring artists. The business adjusts its accounts monthly, but performs closing entries annually on December 31. This is the studio's...
-
In your own words, define ethical behavior. Why do accountants have a professional responsibility to behave ethically?
-
Use the given figure for the following exercises. 1. Since \(s q\) is not an edge in Graph \(H\), Graph \(N_{1}\) cannot be a spanning tree of \(H\). a. True b. False 2. Graph \(\mathrm{N}_{2}\) is a...
-
1. You own a franchise of rental car agencies in Florida. You recently read a report indicating that about 80 percent of all tourists visit Florida during the winter months in any given year, and...
-
11. The internal rate of return on a project is 11.24%. Choose the TRUE state- ment(s) if the project has a Required Rate of Return (RRR) of 9.5%? (Cash ows are conventional.) I. Both NPV > 0 and IRR...
-
Dirth Company sells only one product at a regular price of 7.50 per unit Variable expenses are 60 per cent of sales and fixed expenses are 630,000. Management has decided to decrease the selling...
-
When are unrealized gains and losses from intercompany sales of land realized from the viewpoint of the selling affiliate?
-
Consolidation workpaper entries are made to eliminate 100 percent of the unrealized profit from the land account in downstream sales of land. Is 100 percent also eliminated for upstream sales of land?
-
If BC is 3, CD is 5, and AE is 8, what is DE? 3 4 5 6 10 C 3 B 5 AD 8 E
-
1. What would be appropriate hypotheses and research questions for a quantitative research approach utilizing a correlational design to explore the link between intrinsic and extrinsic employee job...
-
What are the underlying mechanisms through which team cohesion and trust facilitate effective coordination and cooperation, and how can leaders foster relational capital and social capital to enhance...
-
What role do social influencers or opinion leaders play in shaping consumer perceptions and purchasing decisions within our target market?
-
How would you suggest to your leaders or your colleagues that they should review the attached article and what would you expect them glean from the article?
-
One of your senior leaders has come to you with a career development plan for her employees. She would like your feedback to ensure that she has covered the future needs for the employee's...
-
Internal auditors should follow up on action taken to correct reported deficiency findings, a. Because internal auditors are line personnel. b. Because internal auditors are staff personnel. c....
-
San Carlos Bank and Trust Company uses a credit-scoring system to evaluate most consumer loans that amount to more than $2,500. The key factors used in its scoring system are found at the conclusion...
-
Use the Comparison Test to determine whether or not the integral converges. ~00 S J 1 x4 + ex xp -
-
The following information was taken from the accounts and records of the Community Society, a nongovernmental not-for-profit organization. The balances are as of December 31, 2011, unless otherwise...
-
Prepare journal entries to record the following transactions in the appropriate funds of a nongovernmental not-for-profit university: 1. Tuition and fees assessed total $6,000,000. Eighty percent is...
-
The Good Grubb Food for the Hungry Institute is a nongovernmental not-for-profit organization that provides free meals for the destitute in a large metropolitan area. Record the following...
-
Decision Making at Netflix Values: Option A: Initial Investment $2,000,000, Annual Cash Flow $500,000, Project Life 5 years Option B: Initial Investment $3,000,000, Annual Cash Flow $700,000, Project...
-
Cost-Volume-Profit Analysis at Amazon Values: Item Amount Selling Price $140 Variable Cost $100 Fixed Costs $8,000,000 Requirements: Calculate the break-even point in units. Determine the sales...
-
The McDonald's Corporation operates fast-food restaurants worldwide. Last month, one of its outlets produced 50,000 burgers at a total cost of $30,000. When production increased to 60,000 burgers,...
Study smarter with the SolutionInn App