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erastova [34]
3 years ago
9

Which of the following is not a correct statement about noncontrolling interest?

Business
1 answer:
kicyunya [14]3 years ago
7 0

Noncontrolling interests are entitled to preference in dividends and payouts in liquidation is not a correct statement about noncontrolling interest.

Option B

<u>Explanation: </u>

Non-controlling interest (NCI) is the part of the equity in a corporation not directly related to a parental company that has a controlling interest (above 50% but below 100%) and strengthens the financial results of the corporation with its own.

Suppose, for example, that Alpha acquires 80 percent of Sierra's outstanding stock. As Alpha controls over 50% of the Sierra region, Alpha consolidates the financial performance of Sierra that has its own financial results.

Alpha's balance sheet reports as NCI 20 percent of the Sierra equity which Alpha does not own. In proportion to their amounts of holding, the Incorporated Net Income is assigned to parental and non-controlling interest parties (minority shareholders); 80% to Alpha and, in this situation, 20% to un-controlling interest.

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Answer:

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Explanation:

In the life cycle of costs, all the costs associated with the production of a good or the provision of a service over a given period of time interfere. For this reason, professionals in charge of this area should consider not only the information directly related to production, but also the costs associated with the maintenance of the product during its useful life.

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3 years ago
Annual manufacturing cost data (1000s) for four product lines are as follows:
nadezda [96]

Answer:

1st rank Line 3

2nd rank Line 1

3rd rank  Line 2

4th rank Line 4

Explanation:

Using a spreadsheet approach all of the costs information can be set in excel such that it starts with costs of direct materials followed by the cost of direct labor with summing up to be prime costs of production.

However,the total indirect is then apportioned to the product in proportion of the product's total direct costs(the prime costs) as done in the attached spreadsheet.

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7 0
3 years ago
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Anastaziya [24]

Answer:

a) I used an excel spreadsheet since there is not enough room here.

b) Net income = $8,950

Cash flows form operating activities =

Net income                                             $8,950

Adjustments to net income:

  • Increase in account payable       <u>    $250</u>

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Net income is lower because a company must record revenues and expenses when they happen, not when they are associated with cash flows. This is why a company that makes all credit sales might have a large profit, but a small amount of cash (the opposite of this situation).

Download pdf
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3 years ago
___ is the process of examining, documenting, and assessing the security posture of an organization’s information technology and
pychu [463]

Answer:

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Black systems sold and delivered modems to white computers for $330,000 to be paid by white in three equal installments over the
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