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
Pepsi [2]
3 years ago
13

Preparing a consolidated income statement - with noncontrolling interest, but AAP or intercompany profits

Business
1 answer:
mrs_skeptik [129]3 years ago
8 0

Answer:

Consol. Income    Parent  Subsidiary  Elimination entries    Consolidated

statement                                                 Dr               Cr

Sales                   6000000 900000                                         6900000

COGS                <u>-4200000</u> <u>-540000</u>                                         <u>-4740000</u>

Gross profit         1800000   360000                                           2160000

Income (loss)       88200         0              88200                        <u>      0        </u>

from subsidiary

Operating          <u>-1140000</u>  <u> -234000</u>                                          <u>-1374000</u>

expense

Net income        748200     126000      88200                          786000  

Net income attributable to                       37800                           <u>37800</u>

non-controlling interests*

Net income attributable to Parent                                              <u>748200</u>

Workings:

Net income attributable to non-controlling interests = 126000*30% = 37800

You might be interested in
A contingency reserve is money assigned to the project and allocated for identified risks for which contingent responses are dev
Rudik [331]

Answer:

The correct answer is letter "A": True.

Explanation:

Contingency reserves are funds that companies save to face economic hardships. In some cases, those negative situations can be expected while in some other cases they cannot -such as acts of God. Contingency plans come along with the contingency reserve to have an idea of what the company is going to do with the funds.

3 0
3 years ago
George believes that internal marketing is important for a goods manufacturing firm. However, Erick believes that internal marke
kotykmax [81]

Answer:

c. employees in service firms deliver the brand promise directly to customers.

Explanation:

Erick's belief is most likely to be true because employees in service firms deliver the brand promise directly to customers.

6 0
3 years ago
Can you operate a lift if its raining inside the vechile
Ilya [14]
I believe you will get electcuted
8 0
3 years ago
Give examples of import export and entreport trade​
luda_lava [24]

Answer:

suppose import are carpet woolen clothes and tea leafs and enterport trade is the clothes were bring from Nepal and then it again sold to Thailand then it is the example .

8 0
3 years ago
Hayden, a buyer for a medium-sized company, is assessing the value of competing software products for use in his firm. Which of
sveta [45]

Answer: A. Speech of delivery

Explanation:

When buying things like software, there are certain things that will determine the value apart from the monetary price. These include the ease of installation and the availability of training assistance.

With ease of installation, the fundamental question is if the software is easy or complicated to install. The easier it is the better. Also is there someone who can help the users be able to master the features of the software. This is availability of training assistance.

Now while speech of delivery can help in convincing Hayden to buy from a particular shop, it does not contribute to the value of the software.

6 0
3 years ago
Other questions:
  • 3. What is the balance sheet equation?​
    10·2 answers
  • Which targeting option allows you to re-engage with people who visited your site by serving them ads containing the products the
    5·1 answer
  • When a policyowner cash surrenders a Universal Life insurance policy in it's early years, this may be considered a red flag for
    13·1 answer
  • Discuss the principle of Acquisitions Management thoroughly. What is the most important? What do you think will become more impo
    10·1 answer
  • Jared is a retail store employee. He is responsible for ensuring that the inventory requested from the manufacturer arrives as o
    14·1 answer
  • In the competitive sports drink market, Gatorade pays very close attention to the activities of Powerade, a major __________ com
    9·1 answer
  • Oscar makes purchases of an existing product (X) such that the marginal utility of the last unit he consumes is 10 utils and the
    8·1 answer
  • Anita is employed as plant manager for Mojo Industries, Incorporated. Though she spends some time performing all management func
    5·1 answer
  • This is a partial adjusted trial balance of Pharoah Company. PHAROAH COMPANY Adjusted Trial Balance January 31, 2022 Debit Credi
    12·1 answer
  • A _____ is a temporary work structure that starts up, produces products or services, and then shuts down.group of answer choices
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!