When does a corporation become a subsidiary of another corporation?
Question:
Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 76% (13 reviews)
A corporation becomes a subsidiary wh...View the full answer
Answered By
Joseph Mwaura
I have been teaching college students in various subjects for 9 years now. Besides, I have been tutoring online with several tutoring companies from 2010 to date. The 9 years of experience as a tutor has enabled me to develop multiple tutoring skills and see thousands of students excel in their education and in life after school which gives me much pleasure. I have assisted students in essay writing and in doing academic research and this has helped me be well versed with the various writing styles such as APA, MLA, Chicago/ Turabian, Harvard. I am always ready to handle work at any hour and in any way as students specify. In my tutoring journey, excellence has always been my guiding standard.
4.00+
1+ Reviews
10+ Question Solved
Related Book For
Advanced Accounting
ISBN: 9780132568968
11th Edition
Authors: Floyd A. Beams, Joseph H. Anthony, Bruce Bettinghaus, Kenneth Smith
Question Posted:
Students also viewed these Accounting questions
-
When does a corporation establish a valuation allowance? Give an example of positive evidence that might be used to justify that a valuation allowance is not needed.
-
When does a corporation need a board of directors?
-
When a corporation receives a dividend from another corporation does the dividend generate a book-tax difference to the dividend-receiving corporation (ignore the dividends received deduction)?...
-
A list of all of the raw materials needed to manufacture a job. Question 5 options: Bill of Materials Job costing Job cost record Question 6 (1 point) A system for assigning costs to products or...
-
1. Explain how an accretionary wedge forms. 2. Explain why Africa and South America are moving apart. 3. What is a hot spot? Explain how this forms a volcanic island chain such as that of the...
-
Create a function in PSM that computes the median salary for the EMPLOYEE table shown in Figure 5.5. Figure 5.5 EMPLOYEE Fname Minit Lname Ssn Sex Salary Super_ssn Dno Bdate Address DEPARTMENT Dname...
-
19. What are the potential tax consequences to a shareholder who participates in a stock redemption?
-
Jen and Barrys Ice Milk Company used cash to purchase a new ice milk mixer on January 1, 2011. The new mixer is estimated to have a 20,000-hour service life. Jen and Barrys depreciates equipment on...
-
The subject is Acquisition & Procurement (Textbook is Contract Management by Peter Sammons) Question - Name and discuss 3 of the most important of the eight dimensions of any contract. Why did you...
-
On January 2, 20X8, Total Corporation acquired 75 percent of Ticken Tie Companys outstanding common stock. In exchange for Ticken Ties stock, Total issued bonds payable with a par value of $500,000...
-
John Corporation acquired a 70 percent interest in Jojo Corporation on April 1, 2011, when it purchased 14,000 of Jojo's 20,000 outstanding shares in the open market at $13 per share. Additional...
-
In allocating the excess of investment fair value over book value of a subsidiary, are the amounts allocated to identifiable assets and liabilities (land and notes payable, for example) recorded...
-
Find the center of mass of the part of the ball x2 + y2 + z2 = 1 in the first octant, assuming a mass density of (x, y, z) = x.
-
1. create a concept map for 0D, 1D, 2D and 3D crystals 2. write down the formulas for quantifying numbers of defects
-
\fNOTES TO CONSOLIDATED FINANCIAL STATEMENTS OF AMERICAN AIRLINES GROUP INC . Commitments , Contingencies and Guarantees ( 2 ) Aircraft and Engine Purchase Commitment Under all of our aircraft and...
-
Critical Values. In Exercises 41-44, find the indicated critical value. Round results to two decimal places. 41. Z0.25 42. Z0.90 43. Z0.02 44. 20.05
-
Use the following information for questions 1 and 2. Caterpillar Financial Services Corp. (a subsidiary of Caterpillar) and Sterling Construction sign a lease agreement dated January 1, 2020, that...
-
In todays social and business environments, some organizations only talk the talk regarding ethics and ethical conduct rather than walk the ethical organizational path. In what ways can ethical and...
-
In what ways do you think you will be able to improve on the operations and processes of existing sandwich shops and increase responsiveness to customers through better product quality, efficiency,...
-
How does health insurance risk differ from other types of insurance risk (e.g., automobile or homeowners insurance)? What is the difference between cost sharing and cost shifting? Is retiree health...
-
Each of the following is a clue that an interviewee is dishonest except: a. Upon repeated accusations, a dishonest persons denials become more vehement. b. In order to add credibility to false...
-
The stockholders equities of Pal Corporation and its 80 percent-owned subsidiary, Sow Corporation, on December 31, 2011, are as follows (in thousands): Pals Investment in Sow account balance on...
-
The stockholders' equities of Pod Corporation and its 80 percent-owned subsidiary, Sod Corporation, on December 31, 2011, appear as follows (in thousands): Pod's Investment in Sod account on this...
-
Pam Corporation owns two-thirds (600,000 shares) of the outstanding $1 par common stock of Sat Company on January 1, 2011. In order to raise cash to finance an expansion program, Sat issues an...
-
What is the NPV of a project that costs $34,000 today and is expected to generate annual cash inflows of $11,000 for the next 7 years, followed by a final inflow of $14,000 in year 8. Cost of capital...
-
help!!! Use the above information to calculate ending inventory using FIFO for a company that uses a perpetua/inventory system
-
Rocky Mountain Chocolate Factory (RMCF) founder and president Frank Crail employs 220 people in 361 outlets in the United States, Canada, United Arab Emirates, Japan, South Korea and Saudi Arabia. If...
Study smarter with the SolutionInn App