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e-lub [12.9K]
3 years ago
5

Jordan, Inc., holds 75 percent of the outstanding stock of Paxson Corporation. Paxson currently owes Jordan $400,000 for invento

ry acquired over the past few months. In preparing consolidated financial statements, what amount of this debt should be eliminated?
a) 0
b) $100,000.
c) $300,000.
d) $400,000.
Business
1 answer:
Marat540 [252]3 years ago
4 0

Answer:

Because this is an inter-entity balance then the amount that should be eliminated of this debt is the letter D. all the $400,000.

Explanation:

Inter entity balance facilitates the management of allocations and transfers between entities. They provide a better control over transactions spanning multiple entities, other benefit is that the accuracy of the financial data improves and finally and this is why the anser is option D. is that it keeps each entity in balance

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8 0
1 year ago
Ernest is applying for a carpentry apprenticeship program. He must take a test involving mathematical calculations including wor
Mama L [17]

Answer:

B. False

Explanation:

Since in the question, it is mentioned that Erney applied for a carpentry apprenticeship program. Also he took the test. This is not a illegal as if he wants to work in two specialized field than he could co but the work should be legal in nature and both the work are legal itself

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6 0
3 years ago
A fixed-income security pays Group of answer choices a variable level of income for owners on a fixed income. a fixed level of i
nydimaria [60]

Answer:

C. A fixed stream of income or a stream of income that is determined according to a specified formula for the life of the security

Explanation:

A fixed income security is a type of investment that provides returns  in  form of  regular, or fixed, interest payments and repayments of the principals when the security reaches maturity.  

From the explanation above, the best possible answer is C. A fixed stream of income or a stream of income that is determined according to a specified formula for the life of the security    

7 0
3 years ago
Why does an oligopoly only work if there are high barriers to entry in a market?
erastovalidia [21]
An oligopoly is the limitation of competition. If you can keep competitors out of the marketplace, you have more of a chance to make a profit. If you are in a business with a very high capital outlay or you have an extremely well trained labor force that your competitors can't match then you have effectively created or have created for you a very high barrier. Hence an oligopoly.
4 0
3 years ago
Evaluate the following slide and make recommendations for improving it.
muminat

Style:

Too many bullet points and text on one slide. Make the text bigger and consolidate points. The image is irrelevant and should be replaced with something relevant to the points or deleted all together

Content:

Many of the bullet points are on the same topic but separated for some reason. You could say "The project will start December 3rd and will run for 6 months" which combines 2 of the points. Also, don't say "this project is important!" <em>Show </em>how important the project is through objectives and goals.

7 0
3 years ago
Read 2 more answers
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