1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
ryzh [129]
3 years ago
14

Adjust the separate financial statements of Parent Inc. to reflect the proposed acquisition. Adjust Parent's pro forma 2019 fina

ncial statements prepared in Milestone 1 to reflect the proposed acquisition (i.e., adjust Parent's forecasted financial statements for bond issuance, stock purchase, income from subsidiary, etc.). Support your statements with appropriate work papers and journal entries. Pro forma financial statements include a statement of operation, a statement of retained earnings, a balance sheet, and a cash flow statement. Prepare a pro forma consolidated worksheet. Prepare a pro forma consolidation worksheet for Parent Inc. and its proposed subsidiary as of December 31, 2019. To ensure you are starting with the right numbers, use the solution provided to Milestone 1 for the adjusted pro forma 2019 financial statements of Parent Inc., and the projected 2019 financial statements of Subsidiary Corporation in Table 1. Show all consolidation adjusting entries, including minority interest entries.

Business
1 answer:
Dvinal [7]3 years ago
6 0

Answer:

Separate financial statement are adjusted and prepared for parents and subsidiaries.

Explanation:

You might be interested in
Dominic heads the corporate communications department of Zookey Technologies. Eva is his least preferred coworker because her pe
Angelina_Jolie [31]

Answer:

The correct answer is A that is Relationship oriented leadership style.

Explanation:

Relationship oriented is an approach of the leadership style in which an individual or the person focuses or aim on the general well being as well as the motivation of the team members.

In this case, Dominic is most preferred in comparison to Eva as Dominic has a  pleasing personality and she is also helpful to other coworkers. So, she has a relationship-oriented style.

8 0
3 years ago
Institute for Marine Cargo Clauses Coverage C:
Soloha48 [4]

Answer: A

Explanation:

Coverage C is the one of the Institute Marine Cargo Clauses and it is also referred to as a "named perils policy". It lists risks that will be covered and the list is limited to stranding, fire, collision, jettison and sinking. It does not include damages from rough weather, water damages, washing overboard and losses while loading and unloading.

Coverage C is insufficient for containerized goods, except goods that will not be affected by an international journey and, there won't be a major loss if lost overboard. Coverage C fits bulk cargo, as a loss is unlikely unless the ship has a major damage.

4 0
3 years ago
Suppose that you are on a desert island and possess exactly 20 coconuts. Your neighbor, Friday, is a fisherman, and he is willin
Vlada [557]

Answer:

a) see attached image

b) Friday's slope = 1/2

c) Kwame's slope = 1/3

d) Kwame's budget line since it includes 60 fish on one side and 20 coconuts on the other.

e) Kwame is willing to pay more fish per coconut

4 0
3 years ago
Gwen's decision to buy a new television instead of a bicycle for the same price a. means that opportunity cost is zero since bot
Mandarinka [93]

Answer:

A.

Explanation:

6 0
3 years ago
Listed below are several transactions. For each transaction, indicate whether the ca financing, or noncash activity. Also, indic
mariarad [96]

Answer:

1. <u>Operating and Cash outflow:</u> Payment of employee salaries.

2. Investing and Cash inflow: Sale of land for cash. Investing

3. Operating and Cash outflow: Purchase of rent in advance.

4. Operating and Cash inflow: Collection of an account receivable.

5. Financing and Cash inflow: Issuance of common stock.

6. Operating and Cash outflow: Purchase of inventory

7. Investing and Cash inflow: Collection of notes receivable.

8. Operating and Cash outflow: Payment of income taxes.

9. Noncash activity, so no effect: Sale of equipment for a note receivable.

10. Financing and Cash inflow: Issuance of bonds.

11. Investing and Cash outflow: Loan to another firm.

12. Financing and Cash outflow: Payment of a long-term note payable.

13. Financing and Cash outflow: Purchase of treasury stock.

14. Operating and Cash outflow: Payment of an account payable.

15. Investing and Cash inflow: Sale of equipment for cash.

Explanation:

A statement of cash flow is a financial statement that gives the aggregate cash inflow and cash outflow in an organization during an accounting period. The three categories of statement of cash flows are investing activities, financing activities, and operating activities.

1. Investing activities are essentially the cash activities with respect to non-current assets such as sale of equipment for cash.

2. Financing activities refers to cash activities with respect to owners’ equity and non-current liabilities such as purchase of treasury stock.

3. Operating activities are mainly the cash activities with respect to net income such as payment of employee salaries.

8 0
2 years ago
Other questions:
  • Randolph is a 30 percent partner in the RD Partnership. On January 1, RD distributes $15,000 cash and inventory with a fair valu
    6·1 answer
  • At the PR firm where Gerald works, everyone considers him to be very good with his work and depends heavily on his knowledge to
    11·2 answers
  • Consider the market for wheat in Pakistan, illustrated in the graph at right. In recent years, the government of Pakistan has es
    13·1 answer
  • John buys a toy plane from a toy store. The money he pays the store blank the economy through blank and the taxes paid by the st
    6·2 answers
  • If a company is funded by a government grant is it A. For profit buisiness B. Non profit orginization C. Bankrupted buisiness D.
    15·1 answer
  • Explain how each of the following transactions generates two entries—a credit and a debit—in the American balance of payments ac
    7·1 answer
  • Money is to an economy what language is to communication. What does this statement mean?
    5·1 answer
  • Anthony was employed as a forklift operator for Blackburn Construction Company. While on the job, he operated the forklift in a
    7·1 answer
  • Jerry understands that expected click-through rate is one of three main factors that determine the quality score of an ad. What
    10·1 answer
  • we can use different parts of alandscape to represent different stages of its evolution this strategy is called trading location
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!