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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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Jill wins a lawsuit against Terry in the Wyoming state court. The court passes a judgment for Terry to pay $20,000 to Jill. Imme
nadezda [96]

File a lawsuit against terry in a Colorado state court to enforce the Wyoming court judgement is the best course of action for Jill.

Explanation:

A complaint shall be applied to the Tribunal, which shall state how the incident happened and which the claims were filed.  This document will then be used to initiate legal proceedings by the defendant(s).  

A lawyer shall be recruited to react with a report entitled Answer by the accused's liability assurance company.  Often you can hear people talking about a complaint about the "parties."  The candidates to the suit are the "claimant" and the "accused," the plaintiff being the wounded claimant. The accused are the persons or companies charged.

7 0
3 years ago
A(n) _______________ is either a person or medium providing consumption-related information and hired and paid by and organizati
Luba_88 [7]

Answer:

Formal source

Informal source

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A formal source is either a person or medium providing consumption-related information and hired and paid by and organization. An informal source is person whom the message receiver knows personally, such as a parent or friend who gives product information or advice, or an individual met and respected online.

4 0
3 years ago
In Q1 2018, CNA Companies reports the following transactions:
kotegsom [21]

Answer: B. ($11 million)

Explanation:

Out of the listed transactions there, these are the ones that can be taken out of Retained Earnings.

Loss on sale of equipment of $6 million

Preferred dividend of $2 million

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So calculating would be,

= - 6 - 2 - 3

= -$11 million

This means that Retained Earnings will reduce by -$11 million making option B correct.

4 0
3 years ago
Supervisors who allow their rating in one area to influence their rating in another area on performanceappraisals are susceptibl
crimeas [40]

Answer:Supervisors who allow their rating in one area to influence their rating in another area on performance appraisals are susceptible to the <u><em>Halo effect.</em></u>

<em>Under halo effect the evaluator lets one or two feature of the appraisal or behavior of the worker unduly influence all other characteristic of the worker's performance. </em>

<u><em>Therefore in this case the correct option is (c).</em></u>

4 0
3 years ago
Which information would most likely cause a company's stock price to go
Mice21 [21]

The information that would cause a company's stock price to go

down is a company abandons development of a new technology.

<h3>What is a stock?</h3>

A stock is a means used to raise capital by public companies. Stocks give holders the right to become owners of the company. Stockholders receive dividends.

When a company abandons the development of new technology, it is a negative signal that indicates to the public that all is not well. This reduces the confidence of the public in the company. As a result, stock prices begin to fall.

To learn more about stocks, please check: brainly.com/question/9970004

8 0
2 years ago
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