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Nezavi [6.7K]
3 years ago
7

Lisa Co. paid cash for all of the voting common stock of Victoria Corp. Victoria will continue to exist as a separate corporatio

n. Entries for the consolidation of Lisa and Victoria would be recorded in Group of answer choices A worksheet. Lisa's general journal. Victoria's general journal. Victoria's secret consolidation journal. The general journals of both companies.
Business
1 answer:
lutik1710 [3]3 years ago
8 0

Answer: worksheet

Explanation:

The entries for the consolidation of Lisa and Victoria would be recorded in a worksheet.

Consolidation worksheet refers to the tool that is used in the preparation of the consolidated financial statements of both a parent company and the subsidiaries.

The consolidation worksheet is important as it shows the individual book values for the parents company and the subsidiaries.

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If you were to take over as inventory control manager at wheeled coach, what additional policies and techniques would you initia
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The inventory control manager at Wheeled Coach would need to have ABC investigation as well as actualize tight physical control of the stockroom. He would likewise execute a cycle tallying framework, and guarantee that issues require building change sees for those things not at first included on the bill of material. To the degree attainable, stockrooms would be united.
6 0
3 years ago
THe section of the comprehensive annual finanial report that presents tables and charts showing social and econimoc data in addi
posledela

Answer:

Statistical Section

Explanation:

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3 0
2 years ago
On January 1, Novak Corp. issued $3600000, 14%, 5-year bonds with interest payable on December 31. The bonds sold for $3859546.
Juliette [100K]

Answer:

the debit entry to Interest Expense is $463,145.52

Explanation:

The computation of the debit entry to Interest Expense is given below:

= Bonds carrying value × Market rate of interest

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= $463,145.52

Hence, the debit entry to Interest Expense is $463,145.52

We simply applied the above formula and the same is to be considered

6 0
3 years ago
The Better Building Company has a contract to build a building for $100 million. The estimate of the cost of the project is $75
Leni [432]

Answer:

$10 million

Explanation:

Calculation for the reported profit for the first year of the contract

Using this formula

Reported profit=(BB Costs/Project cost estimate)×(Building contract-Project cost estimate)

Let plug in the formula

Reported profit = ($30 million / $75 million)×($100 million – $75 million)

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Reported profit= $10 million

Therefore the reported profit for the first year of the contract will be $10 million

5 0
3 years ago
Desmond, a US citizen, opens and operates a jewelry store in Lisbon, Portugal. This counts as: investment for Desmond and US for
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Answer: Investment for Desmond and US foreign direct investment.

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This is an investment for Desmond because he owns the store. He is therefore the equity shareholder and investor into the store.

It is also a U.S. Foreign Direct Investment (FDI) because FDI is what describes a situation where an entity from a country goes to another country and sets up a business there that they will own and operate. Desmond being a U.S. citizen is operating a store in another country so this is U.S. FDI.

3 0
2 years ago
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