Answer:
The accountant might be having issues with consolidating the reports of the individual subsidiary.
Explanation:
Below are appropriate responses:
(1) The accounting policies, principles adopted by each subsidiary might be different, hence this could lead to discrepancies and readjustments of the report by the controller.
(2) In order to ensure fair presentation and accuracy of financial information of the subsidiaries, the controller, might need to look over the financial statements.
(3) If the subsidiaries are foreign subsidiaries, the controller would need to translate the financial information, using the functional currency.
(4) Where, they are intra-group transactions (goods in transit, cash in transit, intra group sales and transfers), the controller would need to make adjustments of those transactions
.
Answer: Option C
Explanation:
The human resource of any company is the most valuable resource as the use of all other resources are dependent on it.
In the given case, the company have acquired a lot of assets over the years, that means the company do not lack in technology and physical resources like machinery etc.
Now the company can gain a competitive advantage by using the expertise of their employees in usage of the assets acquired.
Hence from the above we can conclude that the correct option is C .
A customer has a long margin account with no SMA. if the market value of the securities rises, sma will increase by 50% of the increase in market value.
SMA balances are increased in value by cash deposits in brokerage accounts. The SMA also retains interest and dividend payments from long positions and earnings from closing security positions. Clients can use SMA funds to purchase additional securities for their margin accounts.
The SMA of long-margin accounts decreases when the market value decreases. The long account's SMA volume only decreases as it is used and is not affected by market value declines.
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Checking account is the right answer
Answer:
Explanation:
1. The journal entry for declaration of dividend is shown below:
Retained Earnings A/c Dr
= (8,600 million shares × $0.18 per share) = $1,548 million
To Dividend payable in cash $1,548 million
(Being dividend is declared)
2. No journal entry should be passed on the record date
3. The journal entry for payment of the cash dividend is shown below:
Cash dividend payable A/c Dr $1,548 million
To Cash $1,5480 million
(Being payment is made for cash dividend)
