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3 years ago

Define the word hierarchical structure.

1 answer:

3 0

A hierarchical structure refers to a company's chain of command, typically from senior management and executives to general employees. In other words, this structure applies to organizations with a sole leader and a flow of subordinates underneath them. For example, let's say a company has 10 employees.

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Playtown Corporation purchased 75 percent of Sandbox Corporation common stock and 40 percent of its preferred stock on January 1

Nesterboy [21]

Answer:

Elimination Journal.

Retained Earnings $210,000 (debit)

Common Stock $ 150,000 (debit)

Investment in Sandbox Corporation $270,000 (credit)

Non-Controlling Interest $90,000 (credit)

Explanation:

When dealing with consolidation of Financial Statements, the Equity and Retained Earning in the Subsidiary has to be eliminated from the records whilst the Investment in Subsidiary and the Non-Controlling Interest in Subsidiary are recognized.

Elimination of the common items in consolidation is done by the use of Pro-forma Journals.

Goodwill or Gain on Bargain Purchase are also recognized on the date of acquisition of subsidiary.

Goodwill is the excess of Purchase Price and Non-Controlling interest over the Net Assets Acquired.While Gain on Bargain Purchase is the excess of Net Assets Acquired over Purchase Price and Non-Controlling interest.

Elimination Journal.

Retained Earnings $210,000 (debit)

Common Stock $ 150,000 (debit)

Investment in Sandbox Corporation $270,000 (credit)

Non-Controlling Interest $90,000 (credit)

8 0

4 years ago

Based on its 1Q 2014 press release, what is the maximum $ amount the Coca-Cola Company expects to spend in repurchasing its shar

OverLord2011 [107]

Answer: $3.0 billion.

Explanation:

According to the Press Statement released by Coca-Cola on April 15, 2014 as found on the SEC website, the company plans to spend between $2.5 billion and $3.0 billion on share repurchases by the end of the 2014 fiscal year.

As at the end of the first quarter of 2014, the Company had already spent $713 million in share repurchases and so were optimistic about their repurchases plan.

4 0

4 years ago

Relationship-specific adaptations are usually not required when the buying organization uses outsourcing.

vredina [299]

Relationship-specific adaptations are usually not required when the buying organization uses outsourcing.

False

4 0

4 years ago

What is a reason that governmental accounting is different from business accounting?

Lady_Fox [76]

Answer:

Governments are expected to have a long-life.

Explanation:

5 0

3 years ago

The company that owns the trademark, products, and/or business format that is being franchised is known as the:

Darina [25.2K]

Answer:

Franchisor

Explanation:

The franchisor is the owner of the brand, while the franchisee is the one that uses its brand through a franchise contract

6 0

4 years ago

Read 2 more answers