Explain how a management charge made by a parent company would be dealt with on consolidation.
Question:
Explain how a management charge made by a parent company would be dealt with on consolidation.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 66% (9 reviews)
A management charge is a fee charged by a parent company to its subsidiary The fee is recor...View the full answer
Answered By
Milbert Deomampo
I have been tutoring for over 3 years and have experience with a variety of students, from those who are struggling to keep up with their class to those who are looking to get ahead. I specialize in English and writing, but I am also proficient in math and science. I am patient and adaptable, and I work with each student to find the best methods for them to learn and retain the material.
0.00
0 Reviews
10+ Question Solved
Related Book For
Financial Accounting And Reporting
ISBN: 9781292255996
19th Edition
Authors: Barry Elliott, Jamie Elliott
Question Posted:
Students also viewed these Business questions
-
Explain how a management accountant would identify overhead cost? How easy is to the measure a cost driver? That is the major factor that causes manufacturing overhead costs to be incurred for this...
-
How does the process of consolidation differ when the parent company has used the equity method of recording its investment in a subsidiary, as compared to consolidation when the cost method of...
-
How should failure be dealt with by entrepreneurs? How does grief play a role in this process?
-
Examine the difficulty of adding a proposed lwi.drd, rsl, rs2 (Load With Increment) instruction to MIPS. Interpretation: Reg[rd] = Mem[Reg[rs1] + Reg[rs2]] 1. Which new functional blocks (if any) do...
-
Let a discrete random process X [n] be generated by repeated tosses of a fair die. Let the values of the random process be equal to the results of each toss. (a) Find the mean function, X [n]. (b)...
-
On April 1, Cyclone Co. purchases a trencher for $280,000. The machine is expected to last five years and have a salvage value of $40,000. Compute depreciation expense at December 31 for both the...
-
3. Why do you think Ivana behaves the way she does?
-
Juarez, Inc. uses a job-order costing system for its products, which pass from the Machining Department, to the Assembly Department, to finished-goods inventory. The Machining Department is heavily...
-
You can invest in taxable bonds that are paying a yield of 9.5 percent or a municipal bond paying a yield of 7.75 percent. Assume your marginal tax rate is 32 percent, which security bond should you...
-
The consumption of caffeine to benefit alertness is a common activity practiced by 90% of adults in North America. Often caffeine is used in order to replace the need for sleep. One recent study...
-
Explain how the impairment of goodwill is dealt with on consolidation.
-
A shareholder was concerned that following an acquisition the profit from operations of the parent and subsidiary were less than the aggregate of the individual profit from operations figures. She...
-
Which structures make up the central nervous system?
-
Archer Contracting repaved 50 miles of two-lane county roadway with a crew of six employees. This crew worked 8 days and used \($7,000\) worth of paving material. Nearby, Bronson Construction repaved...
-
An insurance company has the following profitability analysis of its services: The fixed costs are distributed equally among the services and are not avoidable if one of the services is dropped. What...
-
The Scantron Company makes bar-code scanners for major supermarkets. The sales staff estimates that the company will sell 500 units next year for 10,000 each. The production manager estimates that...
-
Determine the following: a. The stockholders equity of a company that has assets of \(\$ 625,000\) and liabilities of \(\$ 310,000\). b. The retained earnings of a company that has assets of \(\$...
-
You are the manager of internal audit for Do-It-All, Ltd., a large, diversified, decentralized manufacturing company. Over the past two years, the information systems function in Do-It-All has...
-
The following table indicates the mode of transportation to work for a random sample of 80 working mothers in Duluth, Minnesota. Model of Transportation . . . . . . . . . . . . . Number of Mothers...
-
Multiple Choice Questions: 1. The largest component of aggregate demand is? a. Government purchases. b. Net exports. c. Consumption. d. Investment. 2. A reduction in personal income taxes, other...
-
The following trial balance was extracted from the books of Old NV on 31 December 20X1. Note of information not taken into the trial balance data: (a) Provide for: (i) An audit fee of 38,000. (ii)...
-
HK Ltd has prepared its draft trial balance to 30 June 20X1, which is shown below. The following information is available: (a) The authorised share capital is 4,000,000 9% preference shares of $1...
-
Phoenix plc trial balance at 30 June 20X7 was as follows: The following information is available: 1. Freehold premises acquired for £1.8 million were revalued in 20X4, recognizing a gain of...
-
Bought an old van for 4000 from Peters promising to pay laterwhat is the transactions
-
Company has a following trade credit policy 1/10 N45. If you can borrow from a bank at 9,5% annual rate, would it be beneficial to borrow money and pay off invoices earlier?
-
Given the following exchange rates, which of the multiple-choice choices represents a potentially profitable inter-market arbitrage opportunity? 129.87/$1.1226/$0.00864/ 114.96/ B $0.8908/ (C)...
Study smarter with the SolutionInn App