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Shtirlitz [24]
3 years ago
12

Company Pea owns 90 percent of Company Essone which in turn owns 80 percent of Company Esstwo. Company Esstwo owns 100 percent o

f Company Essthree. Consolidated financial statements should be prepared to report the financial status and results of operations for:
Business
1 answer:
ankoles [38]3 years ago
8 0

Answer:

Company Pea

Consolidated financial statements should be prepared to report the financial status and results of operations for:

Essone - 90%

Esstwo = 72% (90% x 80%)

Essthree = 72% (90% x 80% x 100%)

Explanation:

Company Pea is described as the holding or parent company of Company Essone.  This means that Essone is Company Pea's subsidiary.  In preparing consolidated financial statements to report the financial status and results of operations for Company Essone, Company Pea will consolidate 100% of Company Essone while accounting for noncontrolling interest of 10% (effectively 90%).

When Company Essone is consolidating its financial statements, it should consolidate 80% of Company Esstwo while Esstwo consolidates 100% of Company Essthree.

But since Essthree is also a subsidiary of Company Pea, Company Pea will consolidate Esstwo and Essthree's financials to the tune of 72% respectively, while consolidating 90% of Essone's.

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A laissez faire economic policy would _____.
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B- allow the economy fix itself. laissez-faire means to let free or to let be
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You have to do some adding and multiplying. first 99.55 times 4 tires

3 0
4 years ago
Use the Rule of 70 to answer the questions on economic growth. Round answers to two places after the decimal. If annual real GDP
lyudmila [28]

Answer:

39 years

Explanation:

Under the rule of 70, the economy doubles its real GDP per capita income

In this the computation is done by dividing the 70 by the annual growth rate

So, the formula is shown below:

Time period = Rule of 70 ÷ growth rate

where,

Growth rate is 1.8%

So, the time period at which the GDP doubles is

= 70 ÷ 1.8

= 39 years

By dividing the rule of 70 by the growth rate we can find the number of years at which the GDP doubles

4 0
4 years ago
Which of the following is not the type of work done in a support department? c. maintenance work done to keep production machine
Murljashka [212]

Answer:

a. production work on an assembly line that makes a product

Explanation:

A support department refers to a section of an organization that comprises of employees who are saddled with the responsibility of providing timely and professional assistance to other core departments such as the production department.

This ultimately implies that, the support department provides assistance such as maintenance work done to keep production machines running smoothly, safety and security services provided to keep the production facility safe and janitorial services provided for the production facility.

Hence, any production work on an assembly line that makes a product is not a type of work done in a support department because all production work is solely being performed by the production department.

7 0
3 years ago
Westover Electric is preparing to pay its quarterly dividend of $2.20 a share this quarter. The stock closed at $57.70 a share t
Lorico [155]

Answer:

$55.72

Explanation:

Data provided:

Quarterly dividend paid per share = $2.20

Closing share cost = $57.70 per share

Relevant tax rate = 10%

The dividend per share after the tax deduction

= (100% - 10%) × Quarterly dividend paid per share

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= $1.98

Thus, the ex-dividend stock price

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= $57.70 - $1.98

= $55.72

8 0
3 years ago
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