1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
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.

You might be interested in
Branch-circuit conductors supplying a single motor compressor shall have an ampacity not less than 125% of either the motor-comp
Lady_Fox [76]

Branch-circuit conductors supplying a single motor compressor shall have an ampacity not less than 125% of either the motor-compressor rated load current or the branch-circuit selection current, whichever is greater. For a wye-start, delta-run connected motor-compressor, the selection of branch-circuit conductors between the controller and the motor-compressor shall be permitted to be based upon 72% of either the motor-compressor rated-load current or the branch-circuit selection current, whichever is greater.

Explanation:

A branch circuit consists of the conductors between the final over current safety equipment and the exhaust system(s).It consists of drivers between the final over current protection equipment (OCPD) and the receptacle outlets, the illumination outlet(s).

The OCPDs must produce an ampacity of not under 125% of the continuous loads plus 100% of the non-continuous loading.

You must not exceed 125% of the continuous charges, plus 100% of the non-consistent charges

8 0
3 years ago
What should a manager ideally do after implementing a solution to a given work-related problem?
lions [1.4K]
After implementing a solution to a given work-related problem, the manager should EVALUATE THE OUTCOME OF THE SOLUTION.
The evaluation of the chosen solution is very important, it is needed to determine whether the solution chosen effectively take care of the problem or not. The evaluation process examines the effectiveness of the solution. <span />
7 0
3 years ago
Read 2 more answers
Which of the following statements concerning ideal standards is incorrect?
lbvjy [14]

Answer:

C. Ideal standards are better suited for cash budgeting than practical standards

Explanation:

The standards that basically handles no work interruptions or no machine breakdown is called ideal standards.

8 0
3 years ago
Johanna has been asked by the department manager to prepare a SWOT analysis on two of the company's products. In which step of t
Stella [2.4K]

Answer:

The options for this question are the following:

A. current reality assessment

B. establish the mission

C. prepare values statement

D. maintain strategic control

The correct answer is A. current reality assessment .

Explanation:

The current evaluation has been designed to evaluate competencies. In the new trends, two support centers can be found: one, focused on the critical review of education sciences in particular and social sciences in general and the other, more pragmatic, derived from the new challenges introduced by the progress dizzying of science and technology.

The traditional evaluation procedure responds to content-based education. It is based on forms of institutionalized obedience and tends to lead the educational process to the school routine and the use of coercive measures, thus impeding the search for critical and creative thinking.

3 0
3 years ago
the cost of land improvements are capitalized separately from land because land improvements tend to have a useful life.
lisabon 2012 [21]

Land improvements are capitalized separately from Land because land improvements have only a limited useful life.

Land is a special fixed asset which means that:

  • It is purchased for long term use
  • It is not depreciated because it lasts forever

Land improvements on the other hand, will not last forever. They will eventually wear out and need to be replaced. They are therefore capitalized separately from land so that they can be depreciated if need be.

In conclusion, land improvements are capitalized separately from land because they have a limited useful life.

<em>Find out more at brainly.com/question/14436052.</em>

4 0
3 years ago
Other questions:
  • An increase in the money supply shifts the ______ curve to the right, and the aggregate demand curve
    10·1 answer
  • Common-size statements: Multiple Choice
    5·1 answer
  • What are the three major responsibilities of the federal reserve?
    8·1 answer
  • Peter Pan is moving from Never Never land to Oz. In Oz, he will receive 35,000 dollars per year in perpetuity. He received 25,00
    8·1 answer
  • The rent for​ 2-bedroom apartments in detroit has fallen from an average of​ $796 in september 2014 to​ $717 in march 2015. dema
    10·1 answer
  • "formalization refers to the extent to which procedures and rules determine the jobs and activities of employees"
    12·1 answer
  • Alkyl Fliers Company produces model airplanes. During the month of November, it produced 3,000 planes. The actual labor hours we
    5·1 answer
  • Morgana Company identifies three activities in its manufacturing process: machine setups, machining, and inspections. Estimated
    9·1 answer
  • What is an area of business intelligence, which extracts information from data and uses it to predict future trends and identify
    9·1 answer
  • In the shipbuilding industry, Polish and Chinese shipyards offer simple, standard vessel types at low prices that reflect low pr
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!