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Oxana [17]
3 years ago
15

Why must the eliminating entries be entered in the consolidation worksheet each time consolidated statements are prepared?

Business
1 answer:
DedPeter [7]3 years ago
8 0

Answer:

The reason to prepare the consolidation worksheet is to maintain the record of what is finally entered in the books to record the transactions in between the holding and subsidiary.

This basically thus, requires the elimination of all the assets and liabilities of the subsidiary, and creation of such assets and liabilities into the balances of the holding(parent) company. In this manner the elimination is necessary to record.

So that there is no error in the form of multiple record of assets and liabilities, or in the form of no record of assets and liabilities of the subsidiary.

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Users create expense reports and attach receipts in an Expenses app before submitting them for approval. What should the Adminis
monitta

Answer:

The administrator should consider the App's ability to enable the user to scan and attach receipts with the expense reports.

Explanation:

The App for Salesforce Mobile should be enabled to scan and attach receipts with the expense reports in order to meet the user's requirements.  The easiness of the Mobile App achieving this functionality is very important.  Once users were not always able to easily implement this functionality in the App, then it would not be considered user-friendly.  The scanning should be as simple as taking a shot with the phone's camera.

7 0
3 years ago
Denise has $13,424 in a savings account with the District 113 Teacher's Credit Union. While economic conditions have caused the
coldgirl [10]

Answer:

Explanation:

$120= the amount to pay for the shoe

$20 paid for the month

Balance to pay = $100

Then 3% interest rate on credit card = 3% of $100=$3

Therefore amount to pay = $3+$100=$103

7 0
3 years ago
When a nation's currency suddenly loses value, the ________ may step in to buy the afflicted currency?
cricket20 [7]
If a nation's currency drops in value significantly, the International Monetary Fund could step in and buy the currency so that some stability could occur economically
3 0
3 years ago
Consider two goods--one that generates external benefits and another that generates external costs. A competitive market economy
KiRa [710]

Answer:

Produce more of the good that generates external cost and less of the good that creates external benefit.

Explanation:

External benefits refer to the situation where the benefit of production of goods or services goes to a third party that is not directly involved in the process of production.  

Similarly, external cost refers to the situation where the cost of production of goods and services is borne by a third party which is not directly involved in the process of production.  

A competitive market economy would tend to produce more of the good that generates external cost and less of the good that creates external benefit. This is because in case of external cost the private cost will be lower than social cost, so the firms will be able to produce more of the good.

5 0
3 years ago
Harrelson Company manufactures pizza sauce through two production departments: Cooking and Canning. In each process, materials a
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Answer and Explanation:

The journal entries are shown below:

On April 30

WIP-cooking Dr $22,030

WIP- Canning $10,200

      To Raw material inventory $32,230

(Being material used is recorded)

WIP-cooking Dr $8,740

WIP- Canning $8,020

      To Factory labor $16,760

(Being assigned of factory labor to production is recorded)

WIP-cooking Dr $32,760

WIP- Canning $28,340

      To Manufacturing overhead $61,100

(Being assigned of overhead to production is recorded)

WIP Canning $55,850

       To WIP cooking $55,850

(being cost transferred in recorded)

7 0
3 years ago
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