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Temka [501]
3 years ago
6

In general, consolidated financial statements should be prepared a.when a corporation owns more than 50% of the common stock of

another company b.when a corporation owns more than 20% and less than 40% of the common stock of another company c.whenever the market value of the stock investment is significantly lower than its cost d.only when a corporation owns 100% of the common stock of another company
Business
1 answer:
anygoal [31]3 years ago
5 0

Answer:

a.when a corporation owns more than 50% of the common stock of another company

Explanation:

Many a times, a parent company holds stock in it's own subsidiary company. Consolidation refers to presentation of combined profitability of a group wherein a Parent Co holds majority of the common stock i.e more than 50% of the common stock in it's subsidiary.

Such a presentation presents the combined picture of a group and helps in better comprehension and understanding by the users of the financial statements.

If a parent owns 100% stock in it's subsidiary, such subsidiary is referred to as a wholly owned subsidiary.

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REY [17]
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5 0
3 years ago
You never give your employees gifts, but one of your employees always gives you gifts for holidays, birthdays, and boss' day. is
Colt1911 [192]
Technically speaking, it won't be wrong for you to accept the gifts.

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8 0
3 years ago
Read 2 more answers
Which job would most likely be paid salary plus commission?
Svetllana [295]

Answer:

Vehicle salesperson.

Explanation:

A sales commission is a percentage or a ration that a salesperson earns for each sale closed. In practice, sales commissions are used by many businesses as incentives to increase sales volumes. A salary plus commission mode of compensation means that the worker will have a fixed and regular salary, and extra pay for meeting set targets.

The vehicle salesperson will be most suited to earn the salary plus commission. This type of compensation will encourage the salesperson to explore more markets to increase sales figures. Sales performance influence profitability. The higher the sales, the better for the company.

8 0
3 years ago
Property risks are those
Hatshy [7]

Answer:

a

Explanation:

Property risk is an example of a pure risk.

Pure risks are risks in which loss is the only possible outcome. It could be full loss or partial loss. Other examples of pure risks are personal and liability risks

Property risk is the risk that a person or company's property would be damaged or lost.

For example, if a building is set on fire or if a car is stolen

5 0
3 years ago
Which one of the following positions would have salaries or wages that are classified as a factory overhead cost by a baking com
frutty [35]

<u>Answer: </u>

Out of the following positions, the position of the factory supervisor would have a salary or wage that is classified as a factory overhead cost by a baking company.

<u>Explanation: </u>

  • For a baking factory, professionals like a baker, a salesman, or the president of the company are mandatory to have.
  • The need for a factory supervisor arises only if it is devised or felt that the employees would not work properly if they are not monitored.
  • If such a need is not felt anymore, the salary of the factory supervisor would be considered as an overhead cost by the company.
7 0
3 years ago
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