Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Question 31 Not yet answered Marked out of 1.00 P Flag question IF equipment account at 1/1/2019 was ( 150,000 for parents ,160,000 for subsidiary)

image text in transcribed

Question 31 Not yet answered Marked out of 1.00 P Flag question IF equipment account at 1/1/2019 was ( 150,000 for parents ,160,000 for subsidiary) and at 31/12/2019 ( 160,000 for patents , 180,000 for subsidiary ) if equipment in subsidiary co fair value at beginning of the year was more than book value by 5,000$ and useful life 5 years . what the amount of equipment reported in consolidated balance sheet in 31/12/2019 Select one: a. 345,000 b. 335,000 c. 336,000 d. 344,000

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

Accounting

Authors: Charles T. Horngren, Walter T. Harrison

7th Edition

0132439603, 9780132439602

More Books

Students also viewed these Accounting questions

Question

Solve Prob. 1082 using Mohrs circle.

Answered: 1 week ago

Question

Review secondary sources to get an overview of your topic.

Answered: 1 week ago

Question

the effects of winding up on the company, shareholder and creditors

Answered: 1 week ago