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
Olenka [21]
2 years ago
13

For each of the following situations, select the best answer that applies to consolidating financial information subsequent to t

he acquisition date:
(A) Initial value method.
(B) Partial equity method.
(C) Equity method.
(D) Initial value method and partial equity method but not equity method.
(E) Partial equity method and equity method but not initial value method.
(F) Initial value method, partial equity method, and equity method.
_____1. Method(s) available to the parent for internal record-keeping.
_____2. Easiest internal record-keeping method to apply.
_____3. Income of the subsidiary is recorded by the parent when earned.
_____4. Designed to create a parallel between the parent's investment accounts and changes in the underlying equity of the acquired company.
_____5. For years subsequent to acquisition, requires the *C entry.
_____6. Uses the cash basis for income recognition.
_____7. Investment account remains at initially recorded amount.
_____8. Dividends received by the parent from the subsidiary reduce the parent's investment account.
_____9. Often referred to in accounting as a single-line consolidation.
_____10. Increases the investment account for subsidiary earnings, but does not decrease the subsidiary account for equity adjustments such as amortizations.
Business
1 answer:
Whitepunk [10]2 years ago
8 0

Answer:

1. Method(s) available to the parent for internal record-keeping - (A) Initial value method

2. Easiest internal record-keeping method to apply.  - (F) Initial value method, partial equity method, and equity method.

3. Income of the subsidiary is recorded by the parent when earned.  - (E) Partial equity method and equity method but not initial value method.

4. Designed to create a parallel between the parent's investment accounts and changes in the underlying equity of the acquired company.  - (C) Equity method.

5. For years subsequent to acquisition, requires the *C entry.  - (B) Partial equity method.

6. Uses the cash basis for income recognition.  - (D) Initial value method and partial equity method but not equity method

7. Investment account remains at initially recorded amount.  - (C) Equity method.

8. Dividends received by the parent from the subsidiary reduce the parent's investment account.  - (E) Partial equity method and equity method but not initial value method.

9. Often referred to in accounting as a single-line consolidation. - (A) Initial value method

10. Increases the investment account for subsidiary earnings, but does not decrease the subsidiary account for equity adjustments such as amortizations - (A) Initial value method

You might be interested in
Which of the following behavior patterns may be a characteristic of minors
Schach [20]

Answer:

Self conscious about appearance

Explanation:

A minor is a usually adopted as term used to make distinction between an adult who can take up legal responsibilities and a child who legally below the specified age of the majority or adulthood. Distinction between minors and adulthood is usually based on the age of the individual. Person below the age of 18 in most countries are considered as minor. They possess certain characteristics which may include excessive consciousness about looks and trying to avoid eyes contact as much as possible.

7 0
3 years ago
U.S. exports create a:____.
alisha [4.7K]

Answer:

B) Supply of foreign currencies and a supply of dollars in the foreign exchange markets

Explanation: just search it up they don't demand for foreign currencies they supply of foreign currencies

5 0
3 years ago
Which of the following scenarios is an example of monopolistic competition?
daser333 [38]
B.
The bus company has monopoly over the bus service in the town because it has no competitors.
7 0
2 years ago
Read 2 more answers
Which of these items is a tax deduction?. a)cash awards. b)interest from bonds. c)interest on a home mortgage
wolverine [178]
C)interest on a home mortgage
5 0
3 years ago
A customer who shares his or her views of a firm's product and gets attention from other customers who respect these views is re
My name is Ann [436]

A customer who shares his or her views of a firm's product and gets attention from other customers who respect these views is referred to as an opinion leader.

Opinion leaders are individuals or businesses who might be professionals inside an industry or otherwise have perspectives that are both well-known and trusted. As a result, they are able to have an impact on public opinions—such as the opinions of your clients.

Merton distinguishes two varieties of opinion leadership: monomorphic and polymorphic. Typically, opinion leadership is considered as a monomorphic, domain-unique degree of individual variations, this is, someone who is an opinion leader in one field may be a follower in some other subject.

Opinion leaders act as an intermediary between marketers and their target audiences. They acquire information about a sure product, summarize its pros and cons, and bring it to clients in an easy manner. Thought leaders also replace purchasers with product information and supply recommendation on a way to use it.

Learn more about Opinion leaders here brainly.com/question/15834305

#SPJ4

4 0
1 year ago
Other questions:
  • Jones of San Diego sold Long of Baton Rouge a video system with a $6,000 list price. Sale terms were 2/10, n/30 FOB San Diego. J
    9·1 answer
  • Start business 10500 with cash
    12·1 answer
  • In reviewing his company's operations, a risk manager noticed that all of the company's finished goods were stored in a single w
    11·1 answer
  • How many people currently live in the south asian region? select one:
    15·1 answer
  • Foxx Corp.'s comparative balance sheet at December 31, 2018 and 2017 reported accumulated depreciation balances of $1,245,000 an
    6·1 answer
  • BC Corporation has 2.8 million shares of stock outstanding. The stock currently sells for $50 per share. The firm’s debt is publ
    11·1 answer
  • Victor Cruz contributed $77,000 in cash and land worth $144,000 to open a new business, VC Consulting, in exchange for common st
    7·2 answers
  • Since the colonial period, the census has revealed
    13·1 answer
  • Sort the list below according to whether or not an item is an assumption made under perfect competition (aka pure competition or
    8·1 answer
  • Second-degree price discrimination: Multiple Choice results in transfer pricing. None of the answers are correct. is the practic
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!