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SSSSS [86.1K]
2 years ago
15

What is the rule for reporting the revenues and expenses of a company that is acquired partway through a fiscal year in the cons

olidated income statement?
A. No revenues and expenses for the subsidiary get reported in consolidation at all
B. All the revenues and expenses for the subsidiary, including both before and after the acquisition date, are included in consolidated income.
C. Only the revenues and expenses for the subsidiary that occur after the acquisition date are reported in consolidated income
D. The acquiror has the option of any of the methods in a, b, or cabove
Business
1 answer:
lbvjy [14]2 years ago
6 0

Answer:

D

Explanation:

PLEASE BRAINLIEST please

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Ipatiy [6.2K]
It is easy to start a mma investment
5 0
3 years ago
ompanies that succeed in a turbulent world are those in which managers are evaluated and rewarded for paying attention to both c
Dmitry_Shevchenko [17]

Answer:

True

Explanation:

When a company has managers that pay attention to cultural values and business performance, the company will succeed. This is because the manager has effectively ensured that organizational culture is shared among all employees and as such helps to improve efficiency and performance of the company in discharging it responsibilities and meeting it's goals.

Cheers.

5 0
3 years ago
Pelicans Ice is a snow cone stand near the local park. To plan for the​ future, Pelicans Ice wants to determine its cost behavio
zlopas [31]

Answer:

Fixed costs= $2,600

Explanation:

Giving the following information:

January ​6,400 ​$5,980

February ​7,000 ​$6,400

March ​4,000 ​$5,000

April ​6,900 ​$6,330

May ​9,000 ​$8,000

June ​7,250 ​$6,575

<u>To calculate the fixed costs under the high-low method, we need to use the following formulas:</u>

Variable cost per unit= (Highest activity cost - Lowest activity cost)/ (Highest activity units - Lowest activity units)

Variable cost per unit= (8,000 - 5,000) / (9,000 - 4,000)

Variable cost per unit= $0.6 per unit

Fixed costs= Highest activity cost - (Variable cost per unit * HAU)

Fixed costs= 8,000 - (0.6*9,000)

Fixed costs= $2,600

Fixed costs= LAC - (Variable cost per unit* LAU)

Fixed costs= 5,000 - (0.6*4,000)

Fixed costs= $2,600

4 0
3 years ago
On July 1 the Fisher Shoe Store paid $24,000 to Acme Realty for 6 months rent beginning July 1. Prepaid Rent was increased for t
Papessa [141]

Answer:

Increase Rent Expense, $4,000; decrease Prepaid Rent, $4,000.

Explanation:

Since Fisher Shoe Store paid $24,000 to Acme Realty for 6 months rent beginning July 1, we will calculate monthly rent amount by:

24,000/6 = $4,000

Financial statements are prepared on July 31, so we will adjust the July rent in the adjusting entry.

We will debit the rent expense by $4,000 and credit the prepaid rent which is an asset to decrease it by an amount of $4,000.

4 0
3 years ago
If import restrictions prohibit foreigners from selling various goods and services in the U.S. market,
Vesnalui [34]

Answer:

The correct answer is option b.

Explanation:

When foreign producers sell their goods and services in the US market they get US dollars in return. They use these dollars to buy goods and services from the US.

If import restrictions prohibit foreigners from selling various goods and services in the U.S. market, foreigners will have fewer U.S. dollars which they can spend to buy U.S. goods and services. So they will be able to purchase fewer goods and services from the US.

4 0
3 years ago
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