How does a parent companys total net assets amount differ under consolidated reporting as compared to equity
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 76% (13 reviews)
A parent companys net assets are the same amount under equity rep...View the full answer
Answered By
PALASH JHANWAR
I am a Chartered Accountant with AIR 45 in CA - IPCC. I am a Merit Holder ( B.Com ). The following is my educational details.
PLEASE ACCESS MY RESUME FROM THE FOLLOWING LINK: https://drive.google.com/file/d/1hYR1uch-ff6MRC_cDB07K6VqY9kQ3SFL/view?usp=sharing
3.80+
3+ Reviews
10+ Question Solved
Related Book For
Advanced Financial Accounting
ISBN: 978-0137030385
6th edition
Authors: Thomas Beechy, Umashanker Trivedi, Kenneth MacAulay
Question Posted:
Students also viewed these Accounting questions
-
How does a parent adjust its investment income for unrealized profit on sales it makes to its subsidiaries? (a) In the year of the sale and (b) In the year in which the subsidiaries sell the related...
-
How does a parent eliminate the effects of unrealized gains on intercompany sales of plant assets under the equity method?
-
How does a parent company determine the appropriate method for translating the financial statements of a foreign subsidiary?
-
In the Young's double slit experiment, interference fringes are formed using Na-light of 589 nm and 589.5 nm. Obtain the region on the screen where the fringe pattern will disappear. You may assume...
-
How many more RRSP contributions of $300 at the beginning of every month are required to reach $200,000 if the funds earn 7.5% com- pounded monthly than if they earn 8.5% com- pounded monthly?
-
6.4 If you owned a small manufacturing business, which basis of depreciation would you choose to use, and why?
-
13. What is the fixed rate in a 5-quarter interest rate swap with the first settlement in quarter 2?
-
The inventory of Royal Decking consisted of five products. Information about the December 31, 2011, inventory is as follows: Disposal costs consist only of a sales commission equal to 10% of selling...
-
1. Interpret in words the effect of college on hourly earnings using Column (1). Remember that the dependent variable is logarithm of hourly earnings. 2. Consider a man with 16 years of education and...
-
1. Jim Adams posts the column totals and individual transactions in "Other" columns to the appropriate general ledger account and updates each general ledger account balance. He places a posting...
-
How does management judgment impact on the impairment test for goodwill?
-
Are consolidated statements required after one corporation directly acquires the net assets of another corporation?
-
If 3-D printing technology vastly reduced economies of scale for the production of cars, how would car companies pricing strategies change? What kind of market structure might come about after the...
-
Can anyone explain me how to calculate the ROI using the HISTORICAL COST NBV, the formula my instructor wants me to use is ADJ CF - HIST DEP /ASSETTOTAL - ACC DEP. And for the ROI of CURRENT COST NBV...
-
Consider the circuit to the right 3. If the total voltage supply in the circuit is 120V, and each resistor has a resistance of 400, what will the current read on each ammeter? |1= 12= 3 = 4. What...
-
1. The theory predicts the proportion of beans, in the four groups A, B, C and D should be 9:3:3:1. In an experiment among 1600 beans, the numbers in the four groups were 882, 313, 287 and 118. Does...
-
Would you recommend criminal charges in this case ( the screenshots below) and, if so, exactly which statutes against which person? Explain your reasoning (how the elements of the crime are met or...
-
check if each transaction is placed in the right place in each of the reports below and if there are any other mistakes in the different accounts after the first image which is a description of the...
-
What part does operations management play with respect to the disaster recovery controls associated with an outsourcing contract?
-
The outer loop controls the number of students. Note that the inner loop of this program is always executed exactly three times, once for each day of the long weekend. Modify the code so that the...
-
Teamwork at Whole Foods. Go to the Whole Foods website and learn more about the importance of teams and teamwork on the Company Mission and Values page. Along with additional research, if necessary,...
-
What is a foreign currency transaction?
-
The Crouse Corporation is a publicly traded company that operates a chain of stores and online websites that sell sports memorabilia. Last year, Crouses first year of operations, resulted in an...
-
Labels Ltd. experienced the following events during the first quarter of 20X3: 1. The annual sales catalogue was developed and provided online, at a cost of $2,500,000. 2. Programming and consulting...
-
A stock is expected to pay a dividend of $1.50 at the end of the year (i.e., D 1 = $1.50), and it should continue to grow at a constant rate of 10% a year. If its required return is 14%, what is the...
-
The Hobby Shop has a checking account with a ledger balance of $1,700. The firm has $2,400 in uncollected deposits and $4,200 in outstanding checks. What is the amount of the disbursement float on...
-
An investment will pay you $34,000 in 11 years. If the appropriate discount rate is 6.1 percent compounded daily, what is the present value? (Use 365 days a year. Do not round intermediate...
Study smarter with the SolutionInn App