Answer:
4. Fiscal year
Explanation:
Reporting period refers to the period or time covered by a set of financial statements. It is the accounting period in which a given financial report will be covered. It may either be monthly, quarterly or yearly depending on organization's choice.
Now, fiscal year is an accounting period or reporting period that consist of 12 month used for accounting purposes. It is a yearly reporting period made up of 12 consecutive months. It may or may not correspond to the normal calendar year depending on the organization's choice or decision.
Answer: Step by step explanation of the consolidated balance sheet is given in the attached document.
Explanation:
Consolidated Balance Sheet
A consolidated balance sheet presents the assets and liabilities of a parent company and all its subsidiaries on a single document, with no distinctions on which items belong to which companies. If your company has $1 million in assets and it purchases subsidiaries with assets of $400,000 and $300,000, respectively, then your consolidated balance sheet will show $1.7 million in assets, and the sheet will commingle those assets. For example, in the asset section, accounts receivable will list the total amount of receivables held by all three companies.
When to Consolidate
A company must issue consolidated financial statements whenever it owns a controlling stake in another business – that is, whenever it owns more than 50 percent of that business. If the parent company owns 100 percent of the subsidiary, this is pretty straightforward. Complications arise, however, if the parent company owns a controlling stake with less than 100 percent ownership. Part of the subsidiary belongs to someone else, and that must be reflected on the balance sheet.
Answer:
b) Offer similar loans to the poor.
Explanation:
Muhammad Yunus is a Bangladeshi economist, and civil society leader who was awarded the Nobel Peace Prize for the concepts of microcredit and microfinance, which provided loans to entrepreneurs too poor to qualify for traditional bank loans. According to my research on Yunus's teachings, I can say that based on the information provided within the question his success created an incentive for other banks to offer similar loans to the poor.
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As miles consider approaching a venture capital firm to provide funding for his new mobile app, he should realize that a venture capital firm will probably want an ownership interest in the business.
The capital of a corporation is the money it has daily to pay for its operations and every day fund its destiny growth. The 4 essential sorts of capital consist of going for walks capital, debt, equity, and buying and selling capital. shopping for and promoting capital is utilized by brokerages and different financial establishments.
In the company, capital method the coins an agency desires every day feature and make bigger. normal examples of capital consist of cash at hand and bills receivable, close to cash, fairness, and capital belongings. Capital assets are massive, lengthy-term assets no longer intended normally be bought as part of your ordinary organization.
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Answer:
the question is invalid because there no RHS ana it could not find
