How do intra-entity profits present in any year affect the noncontrolling interest calculations?
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 56% (16 reviews)
Currently accounting pronouncement allow discretion regarding the effe...View the full answer
Answered By
Ali Khawaja
my expertise are as follows: financial accounting : - journal entries - financial statements including balance sheet, profit & loss account, cash flow statement & statement of changes in equity -consolidated statement of financial position. -ratio analysis -depreciation methods -accounting concepts -understanding and application of all international financial reporting standards (ifrs) -international accounting standards (ias) -etc business analysis : -business strategy -strategic choices -business processes -e-business -e-marketing -project management -finance -hrm financial management : -project appraisal -capital budgeting -net present value (npv) -internal rate of return (irr) -net present value(npv) -payback period -strategic position -strategic choices -information technology -project management -finance -human resource management auditing: -internal audit -external audit -substantive procedures -analytic procedures -designing and assessment of internal controls -developing the flow charts & data flow diagrams -audit reports -engagement letter -materiality economics: -micro -macro -game theory -econometric -mathematical application in economics -empirical macroeconomics -international trade -international political economy -monetary theory and policy -public economics ,business law, and all regarding commerce
4.00+
1+ Reviews
10+ Question Solved
Related Book For
Advanced Accounting
ISBN: 9781260247824
14th Edition
Authors: Joe Ben Hoyle, Thomas Schaefer, Timothy Doupnik
Question Posted:
Students also viewed these Accounting questions
-
How do noncontrolling interest balances affect the consolidated statement of cash flows?
-
How do interest rates affect economic growth? Why do interest rates affect some stock prices more than others? Which federal agency influences interest rates?
-
How do unrealized profits on upstream sales affect the non-controlling interests share of a subsidiarys earnings?
-
A company operates a standard absorption costing system and absorbs fixed production overheads based on machine hours. The budgeted fixed production overheads for the company for the previous year...
-
An antenna control system was analyzed in Problem P4.5, and it was determined that, to reduce the effect of wind disturbances, the gain of the magnetic amplifier, ka, should be as large as possible....
-
Assume that the probability of the birth of a child of a particular sex is 50%. In a family with four children, find the probability of each event. (a) All the children are boys. (b) All the children...
-
An electric cell has the following chemical reaction \[\mathrm{Zn}(\mathrm{s})+2 \mathrm{AgCl}(\mathrm{s})=\mathrm{ZnCl}_{2}+2 \mathrm{Ag}(\mathrm{s})\] and produces an emf of \(1.005 \mathrm{~V}\)...
-
Rapid Repair Services, Inc. is trying to establish the standard labor cost of a typical oil change. The following data have been collected from time and motion studies conducted over the past month....
-
Buyers of products at a grocery store chain such as Whole Foods or Goodness Me, are more likely to be which kind of product adopter?
-
Using the Consolidated Statements of Operations and the excerpts from the Logitech International S.A. Form 10-K, analyze the profitability of Logitech. Your analysis should include the following...
-
James, Inc., sells inventory to Matthews Company, a related party, at Jamess standard markup. At the current fiscal year-end, Matthews still holds some portion of this inventory. If consolidated...
-
A worksheet is being developed to consolidate Williams, Incorporated, and Brown Company. These two organizations have made considerable intra-entity transactions. How would the consolidation process...
-
Employ the Newton-Raphson method to determine a real root for (x) = - 1 + 5.5x 4x2 + 0.5x3 using initial guesses of (a) 4.52 and (b) 4.54. Discuss and use graphical and analytical methods to explain...
-
Dima is a single and 39 years old has four children, ages 4, 5, 7, and 11. Assuming Dima's gross income for 2019 is $280,000. Dima's deductions for AGI is $40,000 and has no other deductions. What is...
-
Palawan Co, a domestic partnership had the following data for the year 2014: a. Gross sales b. Sales returns and allowances c. Cost of goods purchased and sold d. Interest income from bank...
-
Suppose that f(3) = f'(c) = 0, so that f has a double root at 5, and that f" is defined and continuous in a neighborhood of 3. Let (x) be a sequence obtained by Newton's method. (a) Show that 1 (8 -...
-
Ira recently moved to take a job. For the first month on the new job, Ira was searching for a home to purchase or rent. During this time, his employer permit-ted Ira to live in an apartment the...
-
what are the recent trends of supply chain in colgate-Palmolive company and what is its financial status.
-
An Alka-Seltzer tablet contains 324 mg of aspirin (C 9 H 8 O 4 ), 1904 mg of NaHCO 3 , and 1000. mg of citric acid (H 3 C 6 H 5 O 7 ). (The last two compounds react with each other to provide the...
-
In your readings, there were many examples given for nurturing close family relationships in this ever-evolving technological society we live in Based upon your readings and research describe three...
-
Explain the purposes, sequence, and types of job interviews.
-
On April 1, 2009, The Dow Chemical Company completed its acquisition of Rohm and Haas Company. Dow Chemical paid $15,681 million cash consideration to Rohm and Haas stockholders in exchange for their...
-
A company acquires a rather large investment in another corporation. What criteria determine whether the investor should apply the equity method of accounting to this investment?
-
A company acquires a rather large investment in another corporation. What criteria determine whether the investor should apply the equity method of accounting to this investment?
-
1. Suppose you buy the minimum risk portfolio on margin (MR=0.4) and a risk free rate = 4%. What is your expected return? SHOW ALL WORK PLEASE
-
40 g Dried Porcini Mushrooms 108 g Olive Oil 100 g Butter, Unsalted 1680 g Onions, Diced 30 g Garlic Cloves, Crushed 1200 g Arborio Rice 3696 g Vegetable Stock 400 g Parmesan 600 g Mozzarella (Fresh)...
-
Describe the following types of budgets and how they differ from each other: Operating budgets,capital budgets,and financing budgets. From your research and professional interests, which one (yes,...
Study smarter with the SolutionInn App