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Svet_ta [14]
4 years ago
10

When a parent uses the equity method throughout the year to account for its 80% investment in an acquired subsidiary, which of t

he following statements is false at the date immediately preceding the date on which adjustments are made on the consolidated worksheet?
a. Parent company net income equals controlling interest in consolidated net income.b. Parent company retained earnings equals consolidated retained earnings.c. Parent company total assets equals consolidated total assets.d. Parent company dividends equals consolidated dividends.e. Goodwill will not be recorded on the parent's books.
Business
1 answer:
ValentinkaMS [17]4 years ago
4 0

Answer:

c. Parent company total assets equals consolidated total assets

Explanation:

  • The equity method is a process of treating investment in an associated companies and is usually applied where the investor holds about 50% of the companies stocks and this has a significant influence in the later management.
  • They are recorded in the balance sheets and are associated with the companies net incomes and investments. If 80% of the investment is accounted for the subsidiary then the parent company total assess will not be equal o the total assets as it involves taxes.
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During July, the Jamal Company incurred factory overhead a follows: utilities cost $6,500; accumulated depreciation, $2,500; and
Gala2k [10]

Answer:

A.

Factory Overhead, $12,600 Dr.

Utilities Payable, $6,500 Cr.

Accumulated Depreciation, $2,500 Cr.

Wages Payable, $3,600 Cr.

Explanation:

All the given Expense are classified as the factor overhead and They are accumulated in a single account of factory overhead. Utilities are classified as factory overhead as it is not directed attributable to a specific single product or department. Depreciation is also considered as an overhead due to its nature of expense. Wages are also treated in the same way. All they expenses are added together to be charged in a single head of Factory overhead by $12,600.

6 0
3 years ago
Successful companies try to maintain a positive relationship in the community in which they do business. In the textbook, Colang
Marizza181 [45]

Answer:

socially responsible: lego

socially irresponsible: volkswagen

mine: a big person in charge.

Explanation:

When talking about socially responsible companies you can mention lego, since they keep gaining loyalty through their efforts to reduce their carbon emissions and help those in need. You have also google and apple as good examples.

A scandal with a socially irresponsible company is what happened to volskwagen, according to forbes magazine, they made huge profits compared to their competitors by poisoning the planet.

In any case, if you have a small or big company, you need a socially responsible ASSET, a person who you can trust to be sure that you are being socially responsible in every part of your business.

Good luck.

6 0
4 years ago
in a perfectly competitive industry the market price is $25. a firm is currently producing 10,000 units of output; average total
Anton [14]

The firm should produce more output to maximize its profit. In a perfectly competitive industry, firms will have marginal revenue equal to price. Therefore, the marginal revenue is $25.

In macroeconomics, an industry is a branch of an economic system that produces a closely-related set of raw materials, items, or offerings. For instance, one would possibly refer to the wooden enterprise or to the insurance industry. While comparing a single institution or agency, its dominant supply of revenue is generally used by industry classifications to categorize it within a particular enterprise. As an example, the global widespread industrial classification (ISIC) – used at once or thru derived classifications for the professional data of most countries internationally – classifies "statistical devices" via the "monetary activity wherein they especially have interaction". Enterprise is then defined as a "set of statistical gadgets which can be classified into the identical ISIC category". however, a single business need not belong just to one enterprise, which includes when a big business (regularly known as a conglomerate) diversifies throughout separate industries.

Learn more about industry here

brainly.com/question/1967353

#SPJ4

In a perfectly competitive industry, the market price is $25. A firm is currently producing 10,000 units of output, its average total cost is $28,its marginal cost is $20, and its average variable cost is $20. Determine whether the following statements are true or false:

4 0
2 years ago
In the airline industry, frequent-flyer programs, ticket kiosks, and e-ticketing are all examples of capabilities that are:_____
Nat2105 [25]

Answer:

The correct answer is D

Explanation:

FFP stands for the Frequent flyer program is the one which is a loyalty program that is offered by the airlines. It is offered to clients or passengers in order to encourage the customers to accumulate the points.

E- ticketing is the offering the ticket in digital form which as valid as the paper ticket.

Ticket kiosks is the also the same where the tickets are sold.

All these are the example of the valuable capabilities as it is unique among the set of the potential and the current competitors.

8 0
3 years ago
The use of activity-based costing information to support the decision-making process is known as:
max2010maxim [7]
The answer is: activity-based management. 
4 0
3 years ago
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