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
Sveta_85 [38]
3 years ago
15

When a company applies the initial value method in accounting for its investment in a subsidiary and the subsidiary reports inco

me less than dividends paid, what entry would be made for a consolidation worksheet?
Picture

C above

B above

A above

E above

D above
Business
1 answer:
Effectus [21]3 years ago
8 0

Answer:

A) Dr. Retained earnings Cr. Investment in subsidiary

Explanation:

Retained earnings is an equity account (credit balance) and since it must decrease due to the fact that the amount of distributed dividends is larger than the subsidiary's profits, it must be debited.

Investment in subsidiary is an asset account (debit balance) and since it must decrease for the same reason as above, it must be credited.

You might be interested in
What is a partial refund of the purchase price of an item? A. Pretext B. Sale C. Rebate D. Phishing
Leviafan [203]

Answer:

rebate

Explanation:

Rebates are a partial refund of the purchase price of an item. In addition, it can be helpful to keep other pricing aspects in mind when purchasing items

7 0
3 years ago
________ is a written document in Of a transaction
IrinaVladis [17]

Answer:

a receipt

Explanation:

A receipt is a document acknowledging that a person has received money or property in payment following a sale or other transfer of goods or provision of a service. All receipts must have the date of purchase on them

3 0
3 years ago
Terp Bank obtains a relatively large portion of its funds from conventional demand deposits as it creates many branches with man
lapo4ka [179]

Terp Bank obtains a relatively large portion of its funds from conventional demand deposits as it creates many branches with many employees to attract demand deposits. Its interest expenses should be relatively low while its noninterest; expenses should be relatively high.

Option B

<u>Explanation:</u>

A withdrawal deposit is a banking or any other financial institution balance whereby the depositor may, without any notice or notification, remove the deposited funds from those in the account within seven days.

An example of demand deposits is checking accounts. We require the depositor to withdraw money at any moment. The volume of transactions a creditor is allowed on these transactions is infinite (even though each transaction might be paid by a bank).

For buyers, deposits of demand are essential because sometimes they house funds for daily expenses. Under no scenario, depositors could not purchase items on-demand without informing the bank first.

8 0
3 years ago
f foreign investmentforeign investment fell by​ 100%, it would be cut in half.​ Thus, a decrease of​ 200% means that it would be
Sonja [21]

Answer:

if foreign investment fell by 100% it would be totally eliminated, so it not possible for it  to fall by more than 100%

Explanation:

Since in the question it is given that reduction of the western investment for the third world countries consist that foreign investment falls by 350% for the year 1990s

So if we go through the options, the wrong statement is the last one as it shows that the foreign investment fall by 100% i.e to be fully eliminated

Hence the other options are wrong

6 0
3 years ago
More businesses and organizations, such as Amazon, Uber, MTA, an airline industry, professional sport organizations such as MLB
irina1246 [14]

Answer: d. Dynamic pricing strategy

Explanation:

The companies mentioned above are increasingly turning towards Dynamic pricing in order to maximize sales and therefore increase profitability.

Dynamic pricing refers to a strategy where goods are priced at the optimal price based on the conditions at the time. In other words, it involves trying to sell at a price that is cheapest for the customer based on factors such as consumer willingness to pay, competition and others.

Prices can therefore change multiple times in as little a period as a day just to ensure that customers buy the goods being offered.

8 0
3 years ago
Other questions:
  • Fixed expenses consist of $300,000 of common costs allocated to the three products based on relative sales, as well as direct fi
    12·2 answers
  • Price comparison involves which of the following?
    7·2 answers
  • Which of the following statements is true of retailing? A) All retail stores are full-service retail stores. B) A department sto
    6·1 answer
  • A plant asset was purchased on January 1 for $80,000 with an estimated salvage value of $20,000 at the end of its useful life. T
    8·1 answer
  • A favorable direct materials cost variance occurs when the actual direct
    10·1 answer
  • President _______ worked with colombia for the opportunity of building a canal in panama.
    14·1 answer
  • Which term describes a person's previous pattern of borrowing and repaying? A. credit practice
    11·2 answers
  • Proctor and Gamble is a large multinational organization that has many business sharing distribution resources. Diversification
    15·1 answer
  • Principles-based standards differ from a rules-based approach because: Principles-based standards rely on bright-line concepts t
    12·1 answer
  • Student dorms, nursing homes, and on-campus fraternity houses are considered...? Public housing Temporary housing Mixed-use hous
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!