Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jul 13, 2024

P company owns 85% of S company. On 1/1 NCI balance is 36000 JD, company S reports net income 14000 JD and declared dividends 3000

image text in transcribed

P company owns 85% of S company. On 1/1 NCI balance is 36000 JD, company S reports net income 14000 JD and declared dividends 3000 JD. Compute NCI balance on 31/12

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Digging For Disclosure Tactics For Protecting Your Firms Assets From Swindlers, Scammers, And Imposters

Authors: Kenneth S. Springer, Joelle Scott

1st Edition

0131385569, 9780131385566

More Books

Students also viewed these Accounting questions

Question

★★★★★

A severe storm on January 10, 1992, caused a cargo ship near the Aleutian Islands to spill 29,000 rubber ducks and other bath toys into the ocean. Ten months later hundreds of rubber ducks began to...

Answered: 1 week ago

Question

★★★★★

Algorithms |(4th Edition) See this solution in the app 5 Chapter 1.3, Problem 6E Bookmark Show all steps: O ON Problem What does the following code fragment do to the queue q? Stack stack = new...

Answered: 1 week ago

Question

★★★★★

Did the interviewer do the following? a. Thoroughly explore pertinent lines of thought b. Make an effort to identify sources of information c. Employ critical challenges when needed d. Allow biases...

Answered: 1 week ago

Question

★★★★★

Review Microsoft Corp.s financial reports for the last three years, and perform a ratio analysis of them. In one paragraph, discuss the companys financial situation. What databases and subdatabases...

Answered: 1 week ago

Question

★★★★★

Master Budget Case Cordon Ltd . is a company that manufactures and sells a single product, which they call a Bleu. For planning and control purposes they utilize a monthly master budget, which is...

Answered: 1 week ago

Question

★★★★★

Powersys is an electricity distribution company based in a large capital city. Its business is to manage the electricity assets, including poles, wires, and other equipment, that are used to deliver...

Answered: 1 week ago

Question

★★★★★

High Desert Potteryworks makes a variety of pottery products that it sells to retailers such as Home Depot. The company uses a job-order costing system in which predetermined overhead rates are used...

Answered: 1 week ago

Question

★★★★★

Your problem statement assignment will include the following: A brief, yet clear and explicit description of the organization. A description of the problem being observed or experienced in the...

Answered: 1 week ago

Question

★★★★★

TODO: Test 2 - Create the GetArea() member method * ================================================== * Inside the Circle class within your Shape.cpp file, * create a new member method called...

Answered: 1 week ago

Question

★★★★★

Loomis inc received 90,000 on march 1 year 2 for work to be performed Over the next six months. The company which has a fiscal year end of June 30 records revenue evenly over the period of work...

Answered: 1 week ago

Question

★★★★★

The North American Free Trade Agreement (NAFTA) was an agreement among the United States, Canada, and Mexico that was in effect between 1994 and 2020. During this time, the number of manufacturing...

Answered: 1 week ago

Question

★★★★★

Businesses like Earth Angel and Bubbly Dynamics described in the "Adapting to Change" box reuse, redistribute, refurbish or recycle products instead of adding them to landfills. This circular economy...

Answered: 1 week ago

Question

★★★★★

Fixed dollar match: 75 cents per each $1 employee contribution.

Answered: 1 week ago

Question

★★★★★

Define each of the following benefit laws: a. Employee Retirement Income Security Act?

Answered: 1 week ago

Question

★★★★★

Variable dollar match: $1 per each $1 employee contribution on the first 2 percent of pay and 75 cents per $1 employee contribution for the next 3 percent of pay. What is the employers contribution...

Answered: 1 week ago

Previous Question Next Question