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Marizza181 [45]
3 years ago
12

Which of the following is true? When companies employ push-down accounting:A) the subsidiary revalues assets and liabilities to

their fair values as of the acquisition date.B) a special account called Revaluation Capital will appear in the consolidated balance sheet.C) all consolidation entries are made on the books of the subsidiary rather than in consolidated worksheets.D) the subsidiary is not substantially wholly owned by the parent.
Business
1 answer:
kondor19780726 [428]3 years ago
4 0

Answer: The correct answer is A) The subsidiary revalues assets and liabilities to their fair values as of the acquisition date.

Explanation: Push down accounting is used when a company buys another company. This type of accounting revalues the assets and liabilities of the acquired company at a fair value on the date of acquisition.

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The following chart describes opportunities and challenges in the external environments that surround businesses. Which of the f
Sidana [21]

Answer:

Identity theft is a challenge in the technological environment of businesses, while the desire for green living presents opportunities for new businesses in the global environment.

Explanation:

Database present cannot be a challenge in the context of the global environment. Therefore, it is incorrect.

E-commerce, by no means, is a costly technology. It is a cost-effective technology. Therefore, it is also incorrect.

Identify theft is a challenge but war and terrorism cannot satisfy the global environment. So, it is wrong.

Identify theft is a challenge while green living presents opportunities for new businesses in the global environment. Therefore, it is the correct option.

3 0
3 years ago
The existence of different age groups within a company's target markets is referred to as
PolarNik [594]

Answer:

multigenerationalism.

Explanation:

Multigenerationalism is the term used to describe Marketing to different generations.

Only a few products will appeal to all age groups. A company will develop a variety of products to attract diverse age groups.  A Single product firm or one with few products may differentiate its goods or services to appeal to a wider target. Multigenerationalism exists when a business has different age groups in its target market.

5 0
3 years ago
Compute the respective net cash flows and cumulative cash balances for the months indicated on the following cash budget for six
LiRa [457]

Answer:

Cumulative cash flow - $420

Net cash flow

Jan = $100

Feb= $150

Mar= $90

Apri -$55

May = $25

June -0

Explanation:

                                          Jan - Feb - Mar - Apr - May - June

sale receipt                        300   350  300   350   400   300

Disbursement                    (200)  (200) (210) (295) (375) (300)

Net cash flow                    100     150    90     55      25     0

Cumulative balance = $420

8 0
4 years ago
Scenario: You have advised the owner of Bond's Gym that the best thing to do would be to raise the price of a monthly membership
Lyrx [107]

Current members will pay more per month.

The quantity demanded for memberships will decrease.

The owner will make more money.

7 0
4 years ago
Read 2 more answers
In Year 1, Lee Inc. billed its customers $62,000 for services performed. The company collected $51,000 of the amount billed. Lee
ikadub [295]

Answer and Explanation:

<u>LEE INC.</u>

<u>Effect of events on the general ledger accounts</u>

<u>Event        Cash  Account     land     Account   Common stock   Retained</u>

<u>                            receivable             Payable                                 Earnings</u>

Sales  

on account           62,000                                                               62,000

collected     51,000  -51,000

Expenses                                        39,000                                    -39,000

Account

Payable     -31,000                        -31,000

Issue of stock 40,000                                            40,000

Purchase land  -21,000        21,000

<u>Totals         39,000  11,000   21,000   8,000        40,000          23,000</u>

The computation of the amount of revenue recognized would be equivalent to the service performed i.e. $62,000

7 0
3 years ago
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