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

Question

1 Approved Answer

Why do assets and liabilities appear on the consolidated balance sheet that did not appear on the pre- consolidation balance sheet of either the parent

Why do assets and liabilities appear on the consolidated balance sheet that did not appear on the pre- consolidation balance sheet of either the parent or the subsidiary?

Please be specific. Please use your own words and do not copy and paste the answer from the test bank (I have it). Thank you!!!


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

Essentials Of Xbrl Financial Reporting In The 21st Century

Essentials Of Xbrl Financial Reporting In The 21st Century

Authors: Bryan Bergeron

1st Edition

0471220779, 978-0471220770

More Books

Students also viewed these Accounting questions

Question

7. Do you try to predict test questions from your class notes and reading?

Answered: 1 week ago

Question

★★★★★
Transactions that affected Barter Companys stockholders equity during 2011, the first year of operations, follow. (a) Issued 30,000 shares of 9% preferred stock, $20 par, at $26. (b) Issued 50,000...

Answered: 1 week ago

Question

★★★★★
Why do assets and liabilities appear on the consolidated balance sheet that did not appear on the pre- consolidation balance sheet of either the parent or the subsidiary? Please be specific. Please...

Answered: 1 week ago

Question

★★★★★
(b) Brick made in two kilns have been graded as facings (high quality), seconds (medium quality) and common (rather poor quality). The production of bricks in a particular period was a; follows: Klin...

Answered: 1 week ago

Question

★★★★★
Question: What is the effect of declaring a method as static in Java? A) It allows the method to be called without creating an instance of the class, and it can only access static members of the...

Answered: 1 week ago

Question

★★★★★
Question: What is the effect of the synchronized keyword in Java when used with a method? A) It ensures that only one thread at a time can execute the synchronized method on the same object instance,...

Answered: 1 week ago

Question

★★★★★
Question: What is the significance of using the volatile keyword with a variable in Java? A) It guarantees that changes to the variable are immediately visible to all threads and prevents threads...

Answered: 1 week ago

Question

★★★★★
Question: In Java, what is the primary role of the transient keyword when applied to a field in a class? A) It prevents the field from being included in the serialized form of the object, thus not...

Answered: 1 week ago

Question

★★★★★
Question: In Java, what is the impact of declaring a class as final? A) It allows the class to be subclassed, enabling inheritance from this class. B) It prevents any subclassing of the class, making...

Answered: 1 week ago

Previous Question Next Question