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frosja888 [35]
3 years ago
15

When a parent uses the equity method throughout the year to account for its investment in an acquired subsidiary, which of the f

ollowing statements is false before making adjustments on the consolidated worksheet?
A. Parent company net income equals controlling interest in consolidated net income.
B. Parent company retained earnings equals consolidated retained earnings.
C. Parent company total assets equals consolidated total assets.
D. Parent company dividends equals consolidated dividends.
E. Goodwill will not be recorded on the parent's books.
Business
1 answer:
Roman55 [17]3 years ago
7 0

Answer: The correct answer is "C. Parent company total assets equals consolidated total assets".

Explanation: The statement "C. Parent company total assets equals consolidated total assets" is false before making adjustments on the consolidated worksheet when a parent uses the equity method because the parent company total assets are not equal to consolidated total assets.

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The answer is "87%".

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What is the main challenge of career planning in changing times?
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5 0
3 years ago
Spencer Tools would like to offer a special product to its best customers. However, the firm wants to limit its maximum potentia
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Answer:

b. 3,249 units

Explanation:

Step 1. Given information.

Fix costs are 32.000

Depreciation expense 9.700

Contribution margin 9.85

Step 2. Formulas needed to solve the exercise.

Break even point = Fixed cost / contribution per unit

Step 3. Calculation.

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Step 4. Solution.

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2 years ago
John walks into a grocery store and suddenly realizes that the prices on most of his favorite imported products are reduced. Whi
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A client is admitted to the hospital with a diagnosis of lower extremity arterial disease (LEAD) A client with heart disease has
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Answer:

Blood enters the right atrium via the superior and inferior vena cava, flows to the right ventricle and then into the lungs, returns from the lungs to the left atrium and left ventricle, and exits out the aorta

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