Answer:
$10,140,000
Explanation:
To make consolidated statements company needs to consolidate the financial data of its own and its subsidiary.
Revenue can be consolidated of parent and subsidiary as follow:
First
Add revenue of both companies
Total Sales = Patti Company sales + Shannon Inc. sales
Total Sales = $10,000,000 + $200,000 = $10,200,000
Now deduct the sale made to each other because sales mad within the group is not recorded for consolidation purposes and it is not a sale for a group it is an internal group transfer.
Consolidated Sales = Total sales - Internal Sales
Consolidated Sales = $10,200,000 - $60,000 = $10,140,000
Answer:
Total Stockholder's Equity = $7,200,000
Explanation:
Power Drive Corporation
Partial Balance Sheet
As on Dec.31, 2021
Stockholder's Equity:
Common Stock $100,000
Additional Paid in-Capital $4,500,000
Retained Earning at beginning $2,000,000
Add: Net income <u>$600,000</u>
Total Retained Earnings <u>$2,600,000</u>
Total Stockholder's Equity <u>$7,200,000</u>
Answer:
B. agreements between two or more parties
Explanation:
if you were to sign a contract for something huge and you were broke the contract before you had finish the time that you had signed whom ever you signed it could end in a law sue and maybe even jail time.
Hope this helps :)
A person can identify things that have given you trouble at work or in your personal life and look for ways to improve them by Innovation, knowledge and skills.
<h3>What is knowledge?</h3>
The idea of knowledge is one that connote the familiarity with some kind of information and theoretical views.
Knowledge is one that can be transferred from one person to another. By having the knowledge and skills, one can be able to handle issues that pertains to us in the right way and improve our lives.
Learn more about Innovation from
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