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Nady [450]
3 years ago
9

Culver owns 80 percent of the common stock of Fowler Company. Culver also purchases some of Fowler's bonds directly from Fowler

and holds the bonds as a long-term investment. How is the acquisition of the bonds treated for consolidated reporting purposes?
(A) As a retirement of bonds.
(B) As an increase in the Bonds Payable account on Fowler's books.
(C) Everything related to the intercompany bonds is eliminated in the consolidation worksheet, and nothing related to the bonds appears in the consolidated financial statements.
(D) As an increase in noncurrent assets.
Business
1 answer:
ratelena [41]3 years ago
3 0

Answer:

c

Explanation:

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One of the most important applications of ratio analysis is to compare a company's performance with that of other players in the
wlad13 [49]

Answer: a. percentage change analysis.

B. Blue Hamster Manufacturing Inc.’s ability to meet its debt obligations has improved since its debt-to-equity ratio decreased from 0.60 to 0.38.

D. A decline in the inventory turnover ratio could likely be explained by operational difficulties that the company faced, which led to duplicate orders placed to vendors

Explanation:

1. The analysis which has to do with the calculation of the growth rates of all items from balance sheet and the income statement which is relative to a base year is referred to as the percentage change analysis.

2. The statements that can be included in the analysis report from the question include:

• Blue Hamster Manufacturing Inc.’s ability to meet its debt obligations has improved since its debt-to-equity ratio decreased from 0.60 to 0.38

• A decline in the inventory turnover ratio could likely be explained by operational difficulties that the company faced, which led to duplicate orders placed to vendors.

4 0
2 years ago
How would you define a business plan?
vekshin1
A business map is an essential roadmap for business success.
6 0
2 years ago
Bonnie's employer provides her with an annual dinner club membership costing $5,000. Her marginal tax rate is 24 percent. Her em
Nikolay [14]

Answer:

$3,800

Explanation:

The computation of the after-tax benefit is shown below:

= Annual dinner club membership cost - annual dinner club membership cost × her marginal tax rate

= $5,000 - $5,000 × 24%

= $5,000 - $1,200

= $3,800

We simply deduct her tax expense from the annual dinner club membership cost so that the accurate amount can come.

All other information which is given is not relevant. Hence, ignored it

8 0
3 years ago
Using the same amount of time and resources, Tomer can either write 100100100 lines of code or process 202020 reports, and Charl
Sindrei [870]

Answer:

Charlotte  should focus more in  writing lines of  code as an advantage while Tomer should focus more in reports.

Explanation:

<em>The two agent should concentrate in what  they tend to produce, and that they should take a good advantage of it.</em>

<em>Charlotte has a advantage that is related in writing code lines and Tomer has a have a  good advantage in report writing</em>

6 0
3 years ago
A process cost system would be appropriate for a a.jet airplane builder b.custom cabinet builder c.catering business d.natural g
lozanna [386]

Answer:

D. Natural gas refinery

Explanation:

Processing cost system is when identically units are mass produced. It involves assigning materials, factory labour, overhead cost and so on in an effort to value finished goods inventory. Process cost involves allocation of cost for different set in each process. It helps in determining total cost of producing a unit of commodity. It is best suited for the natural gas refinery because of the various steps involved in the processing and manufacturing of products as cost can be identified and allocated for each steps and also because what is produced are identical units which are mass produced.

3 0
3 years ago
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