FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Phobos Company posee el 80 por ciento de las acciones con derecho a voto de Deimos Company. Durante la preparacin de los estados financieros consolidados

Phobos Company posee el 80 por ciento de las acciones con derecho a voto de Deimos Company. Durante la preparacin de los estados financieros consolidados para 20X9, se realiz el siguiente asiento de consolidacin: Inversin en Deimos 50 000 Terreno 50 000 Cul de las siguientes afirmaciones es correcta?

Phobos Company compr un terreno a Deimos Company durante 20X9.

Phobos Company compr un terreno a Deimos Company antes del 1 de enero de 20X9.

Deimos Company compr un terreno a Phobos Company durante 20X9.

Deimos Company compr un terreno a Phobos Company antes del 1 de enero de 20X9.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

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

Step: 2

blur-text-image

Step: 3

blur-text-image

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

Dk Essential Managers Understanding Accounts

Dk Essential Managers Understanding Accounts

Authors: Stephen Brookson, Adele Hayward

1st Edition

0789471493, 978-0789471499

More Books

Students also viewed these Accounting questions

Question

★★★★★
Parking fees at a zoo are $5.00 for local residents and $7.50 for all others. At the end of each day, the total number of vehicles parked that day and the gross receipts for the day are recorded, but...

Answered: 1 week ago

Question

★★★★★
Comparing two otherwise equal firms, the beta of the common stock of a levered firm is ___________ than the beta of the common stock of an unlevered firm. . A. equal to B. significantly less than C....

Answered: 1 week ago

Question

★★★★★
What is the biopsychosocial approach, and why is it important in our understanding of psychological disorders?

Answered: 1 week ago

Question

★★★★★
Cheshire Company had three intangible assets at the end of 2011 (end of the accounting year): (a) A copyright purchased on January 1, 2011, for a cash cost of $12,300. The copyright is expected to...

Answered: 1 week ago

Question

★★★★★
Phobos Company posee el 80 por ciento de las acciones con derecho a voto de Deimos Company. Durante la preparacin de los estados financieros consolidados para 20X9, se realiz el siguiente asiento de...

Answered: 1 week ago

Question

★★★★★
Kenneth Cole (KCP) had sales of $529.3 million in 2005. Based on KCP's past profitability and investment needs, you expect EBIT to be 9% of sales, increases in net working capital requirements to be...

Answered: 1 week ago

Question

★★★★★
You have been appointed as the contracting officer on a multi-million dollar, non commercial, services acquisition relating to military intelligence collection. The acquisition team is in different...

Answered: 1 week ago

Question

★★★★★
1. Determine the ordinary and exact simple interest on P5,000 for the period from January 15 to June 20, 1993, if the rate of simple interest is 14%. 2. Determine the exact and ordinary simple...

Answered: 1 week ago

Question

★★★★★
BETTERER Engine Corporation manufactures a single model of gasoline engine used in lawn mowers, portable generators and pumps. The basic engine block is cast from steel and machined in the Casting...

Answered: 1 week ago

Question

★★★★★
QUESTION 1 1.1 Differentiate between current and non-current assets and list examples to supplement your answer. 1.2 Consider a supermarket such as Pick n Pay, and describe the fixed costs and...

Answered: 1 week ago

Question

★★★★★
2. Just-in-time staffing will become more common, with organizations using freelancers, temporary workers, and contractors with far greater frequency than in the past.

Answered: 1 week ago

Question

★★★★★
2. Discuss ways a regional bank could effectively use the Internet to recruit bank tellers.

Answered: 1 week ago

Question

★★★★★
LO1 Understand selection and placement and the levels of person/ environment fit.

Answered: 1 week ago

Previous Question Next Question