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Butoxors [25]
3 years ago
11

Parent sold land to its subsidiary resulting in a gain in 2016, the year of transfer. The subsidiary sold the land to an unrelat

ed third party for a gain in 2019. Which of the following statements is true? a) A gain will be recognized in the consolidated income statement in 2019.
b) The subsidiary will recognize a gain in 2016.
c) No gain will be recognized in the 2019 consolidated income statement.
d) Only the parent company will recognize a gain in 2019.
Business
1 answer:
Vera_Pavlovna [14]3 years ago
8 0

Answer:

A gain will be recognized in the consolidated income statement in 2019.

Explanation:

In this scenario a company sells a land to its subsidiary in 2016, the subsidiary in turn sells the land to a third party for a gain in 2019. The gain will be recognised in the consolidated income statement of 2019 when the subsidiary sold the land to the third party.

Consolidated income statements are a presentation of the incomes and losses of a parent company and its subsidiaries within a given period. The groups are recognised as one economic entity.

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Which of the following job duties would a person in marketing perform?
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Answer: advertisement design

Explanation: If there in marketing then they are trying to sell stuff and what better way to sell stuff then advertising your product

3 0
3 years ago
Robin Corporation retires its $800000 face value bonds at 104 on January 1, following the payment of annual interest. The carryi
LekaFEV [45]

Answer:

The correct option is debit of $2040 to Loss on Bond Redemption

Explanation:

The unamortized premium on the bonds at redemption date=carrying value-face value

carrying value is $829,960

face value is $800,000

unamortized premium=$829,960-$800,000=$29,960

cash paid on redemption=$800,000*104%=$832,000.00  

The appropriate entries would a credit to cash of $ 832,000 while face value is debit to bonds payable and also the unamortized premium is debited to premium on bonds payable

loss on retirement=$832,000-$829,960=$2040

The loss is debited to loss on bond redemption

4 0
4 years ago
Question 1-12
storchak [24]

The change that would encourage GDP growth to slow is the automobile industry reduces hours for factory workers.

<h3>What would cause GDP growth to slow?</h3>

Gross domestic product is the total sum of final goods and services produced in an economy within a given period which is usually a year

If the hours of work for factory workers is reduced, output would be reduced and this would slow GDP growth.

To learn more about GDP, please check: brainly.com/question/15225458

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5 0
2 years ago
What is the​ government's policy on collusion in the United​ States? Explain the rationale for this policy. In the United States
STatiana [176]

Answer:

The correct answer is letter "E": the government makes collusion illegal with antitrust laws because monopolies reduce economic efficiency.

Explanation:

Antitrust laws regulate competition between companies. To protect consumers from price manipulation and unfair competition by making sure trade remains unrestrained. When businesses conspire to turn competition to their favor, they violate antitrust laws.

Those regulations prohibit business practices such us <em>monopolies </em>since those types of organizations take control over a certain market, making almost impossible the entry of competitors and consumers have fewer choices and higher prices.

4 0
3 years ago
Organizations with __________ possess a broadly and deeply shared value system that can provide a strong corporate identity
DochEvi [55]

Answer:

strong cultures

Explanation:

6 0
3 years ago
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