Bradshaw Company owns (100 %) of Dee Company. At year-end, Dee owes Bradshaw ($ 150,000) arising from
Question:
Bradshaw Company owns \(100 \%\) of Dee Company. At year-end, Dee owes Bradshaw \(\$ 150,000\) arising from a loan made during the year. If a consolidated balance sheet is prepared at year-end, how is the \(\$ 150,000\) handled? Explain.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (QA)
Answer When preparing a consolidated balance sheet for Bradshaw Company and its whollyowned subsidia...View the full answer
Answered By
Sarfraz gull
have strong entrepreneurial and analytical skills which ensure quality tutoring and mentoring in your international business and management disciplines. Over last 3 years, I have expertise in the areas of Financial Planning, Business Management, Accounting, Finance, Corporate Finance, International Business, Human Resource Management, Entrepreneurship, Marketing, E-commerce, Social Media Marketing, and Supply Chain Management.
Over the years, I have been working as a business tutor and mentor for more than 3 years. Apart from tutoring online I have rich experience of working in multinational. I have worked on business management to project management.
5.00+
3+ Reviews
10+ Question Solved
Related Book For
Financial And Managerial Accounting For MBAs
ISBN: 9781618533593
6th Edition
Authors: Peter D. Easton
Question Posted:
Students also viewed these Business questions
-
Suppose you wish to borrow $700 for five weeks and the amount of interest you must pay is $20 per $100 borrowed. What is the APR at which you are borrowing money?
-
Bradshaw Company owns 100% of Dee Company. At year-end, Dee owes Bradshaw $75,000. If a consolidated balance sheet is prepared at year-end, how is the $75,000 handled? Explain.
-
Explain the meaning of the terms emoluments, employments and office for the purposes of PAYE as you earn systems. 2. Explain the actual receipts basis of assessing the emoluments from the employment...
-
What responsibilities can a Crew Boss delegate to a subordinate supervisor? (Select all that apply) Re-supplying crew and equipment Communicating crew wake up time for next operational period...
-
Discuss the importance of a website's appearance.
-
Graph each parabola. Give the vertex, axis of symmetry, domain, and range. f(x) = (x - 1) + 2
-
How does a system go 'out of control'? Analyse three systems with which you are familiar, including at least one social system (i.e., involving several people) and one business system, in terms of...
-
In Problem 6, how much labor and wood will be unused if the optimal numbers of chairs and tables are produced?
-
2. [7 pts] The Pew Research Center estimates that as d United States use social networking sites. a. For a sample size of 100, write about each o distribution of a proportion. b. Calculate the...
-
Use the following year-end footnote disclosure from Intel's 10-K report to answer parts \(a\) and \(b\). a. What amount does Intel report on its balance sheet as available-for-sale equity securities?...
-
Finn Company purchases all of the common stock of Murray Company for \(\$ 375,000\) when Murray Company has \(\$ 150,000\) of common stock and \(\$ 225,000\) of retained earnings. If a consolidated...
-
Determine the shear and moment in the beam as functions of x. Wo B /27
-
Employee federal income tax withholdings are based on what two factors?
-
A manager is enthusiastic about a system approach to management which an organization recently adopted. Which of the following terms is least descriptive of the systems approach to management? a....
-
In an orientation session for new managers, the following comments were made. Which view is inconsistent with the contingency approach to management? a. Management can be a very complex process. b....
-
Various surveys have indicated that between 1972 and 1979, the number of audit committees increased by about: a. 5%. b. 10%. c. 30%. d. 40%. e. 50%.
-
Which of the following is false? Management principles a. Are statements based on valid causal relationships. b. Help improve the outcome of a manager's decisions. c. Come from beliefs, experiences,...
-
Shown here is a list of the industries with the largest total release of toxic chemicals in a recent year according to the U.S. Environmental Protection Agency. Construct a pie chart and a bar chart...
-
A copper rod of length L =18.0 in is to be twisted by torques T (see figure) until the angle of rotation between the ends of the rod is 3.08. (a) If the allowable shear strain in the copper is 0.0006...
-
Express the items from QS 17-5 in common-size percents. Data From QS 17-5 Compute the annual dollar changes and percent changes for each of the following items. Current Yr Prior Yr Cash $ 7,440 $...
-
Each team is to select a different industry, and each team member is to select a different company in that industry and acquire its financial statements. Use those statements to analyze the company,...
-
Selected comparative financial statements of Korbin Company follow. Required 1. Compute each years current ratio. Round ratios to one decimal. 2. Express the income statement data in common-size...
-
Majestic Corporation began the year with accounts receivable, inventory, and prepaid expenses totaling $63,000. At the end of the year, Majestic had a total of $77,000 for these current assets. At...
-
Goshford Company produces a single product and has capacity to produce 155,000 units per month. Costs to produce its current sales of 124,000 units follow. The regular selling price of the product is...
-
The Town of Weston has a Water Utility Fund with the following trial balance as of July 1, 2019, the first day of the fiscal year: Cash Customer accounts receivable Allowance for uncollectible...
Study smarter with the SolutionInn App