What are new guidelines issued by GAAP for consolidating entities

1 answer:

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Consolidation Rules Under GAAP

The general rule requires consolidation of financial statements when one company’s ownership interest in a business provides it with A MAJORITY OF the voting power- meaning it controls more then 50% of the voting shares

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A moderately-priced jewelry store is trying to differentiate itself from other jewelry stores. The store prices products somewha

AlekseyPX

Answer:

The correct answer is: monopolistic competition.

Explanation:

There is monopolistic competition in markets that have many companies offering similar products or services. Restaurants, grocery stores, and clothing stores, for example. Such similar products and services are not ideal substitutes for each other. In these industries the barrier to entry and exit is low.

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3 years ago

If you had a choice how much are you willing to pay per month to have access to and use the various social media platforms?

svet-max [94.6K]

Answer: $10 per month

Explanation:

$10 would be an ideal amount for me to pay to have access to the various social media sites if the major sites are on offer.

I think this amount reasonable because I do not use social media all that much but I would still like access to a variety of them. I would essentially therefore, be paying for my reduced time on the net.

Some might say that the companies might not make a profit if they charge $10 a month but I think they will because they make most of their money from ads so it would be good for them to offer the lowest subscription prices so that they can capture more people which will appeal to advertisers.

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2 years ago

A large account previously written off in a prior year was unexpectedly collected in the current year. as a result, the current

spin [16.1K]

In the given case the accounts were previously written off by debiting the Allowance for doubtful debts accounts now in order to revive these accounts receivable, we should Debit the Accounts Receivable and credit the Allowance for doubtful debts accounts. Hence the account to be credited is Allowance for doubtful debts accounts.

Hence the answer shall be Allowance for doubtful debts accounts

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3 years ago

A market analyst is developing a regression model to predict monthly household expenditures on groceries as a function of family

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Answer and Explanation:

expenditures on groceries

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3 years ago

What is one reason that a hotel owner might consider hiring a hotel management company?

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Improved hotel management effectiveness is one reason that a hotel owner might consider hiring a hotel management company.

What function does a hotel management business serve?

The management firm oversees the hotel operations and makes sure they are profitable.
They are in charge of every aspect of the business, from hiring and training employees to procuring supplies, cleaning rooms, renting out meeting space, and entertaining visitors.
The General Manager is accountable to both the hotel management business AND the original owner who engaged the hotel management firm.
The general manager's job is to manage the hotel in a way that generates income for the owner.

To be clear, the hotel owner could be a person, a business, or a trust fund or real estate. These will change based on the market and the kind of hotel.

To learn more about hotel management visit:brainly.com/question/10979252

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8 months ago