Explain the composition of consolidated retained earnings in terms of the parents and subsidiarys separate-entity retained earnings.
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 28% (7 reviews)
Consolidated retained earnings is comprised of the parents retained ...View the full answer
Answered By
Asim farooq
I have done MS finance and expertise in the field of Accounting, finance, cost accounting, security analysis and portfolio management and management, MS office is at my fingertips, I want my client to take advantage of my practical knowledge. I have been mentoring my client on a freelancer website from last two years, Currently I am working in Telecom company as a financial analyst and before that working as an accountant with Pepsi for one year. I also join a nonprofit organization as a finance assistant to my job duties are making payment to client after tax calculation, I have started my professional career from teaching I was teaching to a master's level student for two years in the evening.
My Expert Service
Financial accounting, Financial management, Cost accounting, Human resource management, Business communication and report writing. Financial accounting : • Journal entries • Financial statements including balance sheet, Profit & Loss account, Cash flow statement • Adjustment entries • Ratio analysis • Accounting concepts • Single entry accounting • Double entry accounting • Bills of exchange • Bank reconciliation statements Cost accounting : • Budgeting • Job order costing • Process costing • Cost of goods sold Financial management : • Capital budgeting • Net Present Value (NPV) • Internal Rate of Return (IRR) • Payback period • Discounted cash flows • Financial analysis • Capital assets pricing model • Simple interest, Compound interest & annuities
4.40+
65+ Reviews
86+ Question Solved
Related Book For
Advanced Financial Accounting
ISBN: 978-0137030385
6th edition
Authors: Thomas Beechy, Umashanker Trivedi, Kenneth MacAulay
Question Posted:
Students also viewed these Accounting questions
-
How is the amount of consolidated retained earnings assigned to the noncontrolling interest affected by unrealized inventory profits at the end of the year?
-
What portion of consolidated retained earnings is assigned to the noncontrolling interest in the consolidated balance sheet?
-
Parent Corporation has owned all 100 shares of Subsidiary Corporation common stock since 2007. Parent has been in the business of manufacturing and selling light fixtures, and Subsidiary has been in...
-
Lang Enterprises was started when it acquired $4,000 cash from creditors and $6,000 from owners. The company immediately purchased land that cost $9,000. Required a. Record the events under an...
-
A 60-year-old woman can purchase either of the following annuities from a life insurance company for $50,000. A 30-year term annuity will pay $367 at the end of each month. A life annuity will pay...
-
Marshall Company is issuing eight-year bonds with a coupon rate of 6.5 percent and semiannual coupon payments. If the current market rate for similar bonds is 8 percent, what will be the bond price?...
-
Earthquake From Data Set 16 in Appendix B we see that an earthquake had a measurement of 0.70 on the Richter scale. Determine whether the given values are from a discrete or continuous data set. Data...
-
The following is the ending balances of accounts at December 31, 2018, for the Weismuller Publishing Company. Additional Information: 1. Prepaid expenses include $120,000 paid on December 31, 2018,...
-
Beginning inventory Merchandise Finished goods Cost of merchandise purchased Cost of goods manufactured Ending inventory Merchandise Finished goods Unimart Bare Manufacturing $ 336,000 $ 672,000...
-
Consider a household that possesses $ 160,000 worth of valuables such as jewelry. This household faces a 0.2 probability of burglary, in which case it loses $ 70,000 worth of the valuables. Suppose...
-
What happens if a company sells a long- lived asset that is part of its inventory to another company in the consolidated group instead of one that is shown as a capital asset on the books of the...
-
When a fair- valued asset is sold to outsiders, what is the disposition of the fair-value increment when the statements are consolidated in the year of the sale? What is the disposition of the...
-
1. What are sunk costs? Explain whether they are relevant costs. 2. What is an opportunity cost that is relevant in a make-or-buy decision?
-
Pinto plc is considering spending 10,000 on insulating its office, which will save it 1,000 per year in heating expenses in perpetuity. (a) What is the NPV of the investment when the cost of capital...
-
How do agency costs in a firm change as managers build up their shareholdings? What does it mean when we say that managers are entrenched? Provide some examples of real life cases where managers have...
-
In 2015, the UK insurance firm, Wheeler & Fox, had revenue of 38,440 million, total expenses of 37,133 million, tax of 487 million and zero depreciation. What is the net income for the firm? Wheeler...
-
Ted, the director of strategic initiatives, has been tasked with moving the strategic initiatives established by the boards strategic planning committee to goals and objectives. To accomplish this...
-
An arboretum is a garden containing trees, shrubs, and other plants that are cultivated for visual enjoyment and educational purposes. The Interactive Community of Arboreta (ArbNet) Arboretum...
-
When setting public policy on environmental risks, should we base it on the levels of risk to which people think they are exposed or on the risk levels as scientists have determined them to be in...
-
What are three disadvantages of using the direct write-off method?
-
Select the correct answer for each of the following questions. Items 1 and 2 are based on the following: On January 2, 20X8, Pare Company acquired 75 percent of Kidd Companys outstanding common stock...
-
Select the correct answer for each of the following questions. Items 1 and 2 are based on the following: On January 2, 20X8, Pare Company acquired 75 percent of Kidd Companys outstanding common stock...
-
Select the correct answer for each of the following questions. Items 1 and 2 are based on the following: On January 2, 20X8, Pare Company acquired 75 percent of Kidd Companys outstanding common stock...
-
what is the nc standard for converting percent to decimals? Describe Briefly.
-
Company XYZ is a retail business that wants to assess its financial performance. They have provided you with their financial statements for the last two years. Your task is to conduct a ratio...
-
Define Earnings Management and differentiate it from Non GAAP Accounting.
Study smarter with the SolutionInn App