Answer: b. 80 percent of the amount reported as cost of goods sold by the subsidiary.
Explanation:
On the <em>consolidated income statement</em>, the amount that should be recorded for cost of goods sold is the amount that corresponds with the sale of the goods away from the company as a whole or rather sales to unaffiliated companies.
As a result of this, only 80% of the amount reported as cost of goods sold would be recorded in the consolidated income statement because it was 80% of the goods were sold to unaffiliated companies.
Answer:
Resulta are below.
Explanation:
Giving the following information:
Nan:
Initial investment= $5,000
Interest rate= 7% compounded annually
Number of years= 60 - 25= 35
Neal:
Initial investment= $5,000
Interest rate= 7% compounded annually
Number of years= 60 - 30= 30
<u>To calculate the future value, we need to use the following formula:</u>
FV= PV*(1+i)^n
<u>Nan:</u>
FV= 5,000*(1.07^35)
FV= $53,382.31
<u>Neal:</u>
FV= 5,000*(1.07^30)
FV= $38,061.28
Answer:
For example, Bank of Baroda, State Bank of India (SBI), Dena Bank, Corporation Bank and Punjab National Bank.
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Answer:
A. Liability is <u>IMMEDIATE</u> when the instrument is signed or issued.
B. Only makers and <u>ACCEPTORS</u> of instruments are primary liable.
C. It is the maker's promise to <u>UNCONDITIONALLY PAY</u> that renders the instrument negotiable.
D. The <u>MAKER</u> must pay a negotiable instrument according to either its stated terms or <u>CONDITIONAL</u> terms that were agreed on and later filled in to complete the instrument.
An acceptor is a drawee, such as a <u>BANK</u>, that promises to pay an instrument when it is presented later for payment.