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kvasek [131]
1 year ago
7

Marshmallow, inc., accounted for an investment in sweet wheat cracker co. using the equity method. during the current year, mars

hmallow sold a sizable portion of the security interest, such that marshmallow no longer holds significant influence over sweet wheat cracker. marshmallow suspects the equity method is no longer appropriate.
which section of the accounting standard codification best provides the clearest indication of marshmallow's change in accounting for this investment?
Business
1 answer:
Hunter-Best [27]1 year ago
8 0

The section of the Accounting Standard Codification that is most relative to Marshmallow's change in Accounting is FASB ASC 235-10-50-4.

<h3>What accounting standard codification caters for Marshmallow Inc.?</h3>

This is an accounting standard code that caters for things such as mergers,  intangible stock amortization, and depreciation.

It would therefore show Marshmallow the appropriate accounting standard for leaving a merger.

Find out more on accounting standard codification at brainly.com/question/13610664.

#SPJ1

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If your company matches 75 cents on the dollar,and you contribute $200 a paycheck, how much will your employee match?
mihalych1998 [28]
I’m not sure but roughly 2.66. PLEASE don’t get mad if I’m wrong
4 0
2 years ago
In the filing of a consolidated tax return for a corporation and its wholly owned subsidiaries, intercompany dividends between t
horsena [70]

Answer:

Answer A

Explanation:

There are several rules of dividends deductions from income making taxable income significantly smaller. Deductions are generally 70% of the dividends received. Second if the company owns a stake in other company larger than 20%, but smaller than 80% dividend deduction from income is 80% of the dividend received and if the other entity is fully owned deductions from the dividend received are 100%

7 0
3 years ago
is personally responsible for all partnership debts. has no say over a firm's daily operations. faces double taxation whereas a
aleksandrvk [35]

Answer:

is personally responsible for all partnership debts

Explanation:

COMPLETE QUESTION

A general partner:

is personally responsible for all partnership debts. has no say over a firm's daily operations. faces double taxation whereas a limited partner does not. has a maximum loss equal to his or her equity investment. receives a salary in lieu of a portion of the profits.

EXPLANATION

A general partner can be regarded as a person that joins with another person or join with more than one other person to form a business. A general partner is responsible for the actions that is been taken in the business, He or she is liable personally for all the debts as well as obligations in the business and can bind the business legally. It should be noted that A general partner is personally responsible for all partnership debts.

5 0
2 years ago
When there is no beginning Finished Goods Inventory and all the goods that are produced are sold, the operating income ________.
natali 33 [55]

Answer:

C) will be the same for both absorption costing and variable costing

Explanation:

If the beginning and ending balance for Finished Goods Inventory is 0, that means that all the absorption costs have been assigned and all the fixed costs (for variable costing) have been assigned also. So whatever costing method you choose the valuation should be the same.

4 0
3 years ago
A portfolio with a 30% standard deviation generated a return of 15% last year when T-bills were paying 6.0%. This portfolio had
jarptica [38.1K]

Answer: 0.3

Explanation:

The Sharpe ratio is simply used by organizations and investors in order to compare the return on an investment to its risk.

From the question, we are informed that a portfolio has a 30% standard deviation generated a return of 15% last year when T-bills were paying 6.0%.

The Sharpe ratio will be:

= (15% - 6.0%)/30%

= 9%/30%

= 0.09/0.3

= 0.3

4 0
3 years ago
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