When is prot realized on an intragroup transaction involving the parent renting a warehouse from the subsidiary?
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 66% (6 reviews)
With such a transaction the subsidiary records revenue which increases subs...View the full answer
Answered By
Anjali Arora
Having the experience of 16 years in providing the best solutions with a proven track record of technical contribution and appreciated for leadership in enhancing team productivity, deliverable quality, and customer satisfaction. Expertise in providing the solution in Computer Science, Management, Accounting, English, Statistics, and Maths.
Also, do website designing and Programming.
Having 7 yrs of Project Management experience.
100% satisfactory answers.
5.00+
3+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Accounting questions
-
When is prot realized on an intragroup transaction involving a depreciable asset?
-
When is profit realised on an intragroup transaction involving the parent renting a warehouse from the subsidiary?
-
When is profit realised on an intragroup transaction involving a depreciable asset?
-
A beverage wholesale outlet sells beverages by the case. On April 13, a customer purchased 18 cases of wine at $42 per case, 20 cases of soda at $29 per case, and 45 cases of water at $17 per case....
-
Using the BNA tax service, identify the number of the BNA portfolio for the following subjects. a. Innocent spouse relief. b. Accounting methods. c. Involuntary conversions. d. IRAs. e. Deductibility...
-
Company provided the following cost formulas for three of its expenses (where q refers to the number of hours worked): Rent (fixed) Supplies (variable) Utilities (mixed) $ 3,000 $ 4.00g $150 +$0.75g...
-
Derive the collapsed Gibbs sampler for LDA given in Equation 10.13 . Data from Equation 10.13 = k|xni = w,...) x (Ck+k) P(zni = kani Vkw + Tw w' Vkw' + Yw'
-
LaNora White received her accounting degree in 1992. Since graduating, she has obtained significant experience in a variety of job settings. Her skills include auditing, income and estate taxation,...
-
If we divide users of ratios into short-term lenders, long-termlenders, and stockholders, which ratios would each group be mostinterested in, and for what reasons? Explain how the Du Pont systemof 2...
-
Can you conclude a relationship between the class of vertebrate and whether it is endangered or threatened? Use the 0.05 level of significance. Is there a different result for the 0.01 level of...
-
What is meant by the term realization of prot?
-
Cogesco purchased 75% of the capital of Securenet for $250,000 on January 1, 2008. At this date the equity of Securenet was: Share capital......... $100,000 Retained earnings...... 100,000 At this...
-
On April 30, 2007, Synergy Bank loaned \$80,000 to Kim Sperry on a one-year, \(9 \%\) note. Requirements 1. Compute the interest for the years ended December 31, 2007 and 2008 for the Sperry note. 2....
-
Define the term internal controls as used in an auditing context. What are the main components of an organizations internal control system?
-
What are the characteristics of type A personalities?
-
Whatis the auditors responsibility to assess the quality of accounting principles used by the client? What factors should an auditor look at in determining the quality of accounting choices made by...
-
What is a firewall? What major tasks should be built into a firewall?
-
Which lesson of the geese is most lacking and needed in teams today? Why?
-
Suppose you needed a material that could absorb heat without having its temperature increase very much. Would you choose aluminum or water? Make sure your explanation uses the concept of specific...
-
I frequently use NY Times and CNN and am aware of Fox News but I never use it. I visit these sites, NY Times and CNN, a few times a week whenever I have to research something or see something on...
-
Fill in the Blank. When the base of system is subject to harmonic motion with amplitude \(Y\) resulting in a response amplitude \(X\), the ratio \(\frac{X}{Y}\) is called the displacement ___________.
-
Pep Company paid $99,000 for a 90 percent interest in Sim on January 5, 2011, when Sim's capital stock was $60,000 and its retained earnings $20,000. Trial balances for the companies at December 31,...
-
Peg Corporation owns 90 percent of the voting stock of Sup Corporation and 25 percent of the voting stock of Ell Corporation. The 90 percent interest in Sup was acquired for $18,000 cash on January...
-
The accountant for Pil Corporation collected the following information that he thought might be useful in the preparation of the companys consolidated statement of cash flows (in thousands): Cash...
-
Leaders' power to provide pay raises and promotions is Reward Coercive Legitimate Referent O Expert
-
Question 2 In Islam fasting includes abstention from All food and drink Liquid only Alcohol and pork Fish and meat only from dawn to sunset 2 pts
-
StarTech aimed to _ _ _ _ _ _ _ its inventory - to - sales ratio. maintain decrease increase
Study smarter with the SolutionInn App