Question
Bard Co. owned several subsidiaries as of December 31. The following table shows the total liabilities of each subsidiary, excluding intercompany transactions, and the percentage
Bard Co. owned several subsidiaries as of December 31.
The following table shows the total liabilities of each subsidiary, excluding intercompany transactions, and the percentage of shares owned by Bard:
subsidiary Total liabilities % ownership
Brock Co. $ 4,000,000. 70
Harlson Co. 2.000.000. 48
Porter Company 7.000.000. 80
Nortin Co. 5,000,000. 100
What amount should Bard include as a liability on its consolidated balance sheet as of December 31?
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Lets calculate the amount that Bard should include as a liability for each subsidiary Brock Co Bard ...
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Financial Reporting Financial Statement Analysis And Valuation A Strategic Perspective
Authors: James M. Wahlen, Stephen P. Baginski, Mark Bradshaw
9th Edition
1337614689, 1337614688, 9781337668262, 978-1337614689
