What major criteria must be met before a company is consolidated?
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 58% (17 reviews)
The primary criterion for consolidation is the ability to directly or indirectly exercise con...View the full answer
Answered By
John Kimutai
I seek to use my competencies gained through on the job experience and skills learned in training to carry out tasks to the satisfaction of users. I have a keen interest in always delivering excellent work
4.70+
11+ Reviews
24+ Question Solved
Related Book For
Advanced Financial Accounting
ISBN: 978-0078025624
10th edition
Authors: Theodore E. Christensen, David M. Cottrell, Richard E. Baker
Question Posted:
Students also viewed these Accounting questions
-
What two criteria must be met before a company can classify short-term debt that is expected to be refinanced as a noncurrent liability?
-
What two criteria must be met before a loss contingency is reported in a companys financial statements?
-
What criteria must be met before a not-for-profit organization can record donated services? If the criteria are met, how should donated services be recorded? Give examples to support your answer.
-
Revenue Recognition Alternatives Each of the following independent situations relates to the recognition of revenue: a. Interest on loans made by a bank b. Interest on loans made by a bank when the...
-
Kauffman and his colleagues (1993) estimated that burning the tropical forest at their study site resulted in the loss of approximately 21 kg per hectare of phosphorus. This quantity is about 11% to...
-
Which method do you use to execute code repeatedly, with a specific amount of time between each execution? a. setTimeout() b. setInterval() c. clearTimeout() d. clearInterval()
-
In companies in developing countries, imported management systems (like imported technology) can greatly boost efficiency and profits but not when they run counter to local customs and values. In...
-
On December 31, 2016, Jons Company had 1,300,000 shares of $5 par common stock issued and outstanding. At December 31, 2016, stockholders' equity had the amounts listed here. Common Stock...
-
Question 37 3.33 pts Baskin issued 700,000 of 8%, four-year bonds dated January 1, 2019, that pay interest semiannually on June 30 and December 31. The cash proceeds were $654.758 and the market rate...
-
Susan finished work on system architecture issues, and her system design specification was approved. Now she is ready to address system implementation tasks, including quality assurance, structure...
-
Why is ownership of a majority of the common stock of another company considered important in consolidation?
-
When is consolidation considered inappropriate even though the parent holds a majority of the voting common shares of another company?
-
Construct a frequency distribution using the ages of the 50 most powerful women listed on page 39. Use seven classes. 26, 31, 35, 37, 43, 43, 43, 44, 45, 47, 48, 48, 49, 50, 51, 51, 51, 51, 52, 54,...
-
Implement the nearest neighbor algorithm in the programming language of your choice. The algorithm should work with vectors of up to 10 integer values and allow up to 10 integer classifications. By...
-
Use the operators described in Section 16.2.4 and the STRIPS method to solve the block world planning problem shown in Figure 16.11. The first state shown is the start state and the second state is...
-
Implement a Bayesian belief network in the programming language of your choice to represent a subject in which you are interested (for example, you might use it to diagnose medical conditions from...
-
Researchers have measured the acceleration of racing greyhounds as a function of their speed; a simplified version of their results is shown in Figure P4.67. The acceleration at low speeds is...
-
If the rate at which energy is dissipated by resistor 1 in Figure P31.86 is \(2.5 \mathrm{~W}\), and \(R_{1}=10 \Omega, \mathscr{E}_{1}=12 \mathrm{~V}\), and \(\mathscr{E}_{2}=6 \mathrm{~V},\) (a)...
-
Risk versus Return in T-bills Assess the risk-return relationship in T-bills (see Tables 9.2 and 9.4) during each decade since 1950. (LG2, LG4)
-
All of the following assets can be depreciated, except: (a) A bulldozer (b) A copper mine (c) A surgical robot (d) A conveyor belt
-
During January 2019, Prestons Personal Computers, a retailer of personal computers, began operations. The transactions for January were as shown below (ignore GST). Other expenses for the month were...
-
Lang Company reports net assets with a book value and fair value of $200,000 Pace Corporation acquires 75 percent ownership for $150,000. Pace reports net assets with a book value of $520,000 and a...
-
Rank Corporation acquired 60 percent of Fresh Company's stock on December 31, 20X4. In preparing the consolidated financial statements at December 31, 20X4, goodwill of $240,000 was reported. The...
-
Rank Corporation acquired 60 percent of Fresh Company's stock on December 31, 20X4. In preparing the consolidated financial statements at December 31, 20X4, goodwill of $240,000 was reported. The...
-
Create a Data Table to depict the future value when you vary the interest rate and the investment amount. Use the following assumptions: Interest Rates: Investment Amounts:-10.0% $10,000.00 -8.0%...
-
Isaac earns a base salary of $1250 per month and a graduated commission of 0.4% on the first $100,000 of sales, and 0.5% on sales over $100,000. Last month, Isaac's gross salary was $2025. What were...
-
Calculate the price, including both GST and PST, that an individual will pay for a car sold for $26,995.00 in Manitoba. (Assume GST = 5% and PST = 8%) a$29,154.60 b$30,234.40 c$30,504.35 d$28,334.75...
Study smarter with the SolutionInn App