Is there a difference between the amount of a parents net income under the equity method and
Question:
Is there a difference between the amount of a parent’s net income under the equity method and the consolidated net income for the same parent and its subsidiaries?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 70% (10 reviews)
If the equity method of accounting is applied correctly the income ...View the full answer
Answered By
Vikash Gupta
I am graduated in Physics in 2018, from KIRORIMAL COLLEGE, University of Delhi. Now I am persuing Master's degree in physics. I like to do physics problems. I have experience of 1 year in tutoring. I think Physics is the only subject where you understand things,how they are happening . In physics you learn Maths and apply it. So I would like to join your platform to solve many Physics problems.
5.00+
5+ Reviews
10+ Question Solved
Related Book For
Advanced Accounting
ISBN: 9780132568968
11th Edition
Authors: Floyd A. Beams, Joseph H. Anthony, Bruce Bettinghaus, Kenneth Smith
Question Posted:
Students also viewed these Accounting questions
-
Is there a difference between the interest expense recorded in the income statement and the interest paid during the year when a bond is sold (a) At a discount (b) At a premium? Explain why.
-
Is there a difference between a $5,900 Loro Piana vicua sweater and a $150 cashmere sweater from L.L. Bean? Have you ever purchased a higher-priced product or service because you thought the quality...
-
Is there a relationship between the amount of dust carried over large areas of the Atlantic and the Caribbean and the amount of rainfall in African regions? In an article (by J. M. Prospero and P. J....
-
Write a SELECT statement that returns four columns from the Vitals table: Height in. Weight. Jh. Jempand Pulse. Then, run this statement to make sure it works correctly. Add an ORDER BY clause to...
-
A tabular summary of the transactions for Star & Co., an accounting firm, for its first month of operations, July 2017, follows: Instructions (a) Describe each transaction that occurred in the month....
-
Carrington Oil produces gas 1 and gas 2 from two types of crude oil: crude 1 and crude 2. Gas 1 is allowed to contain up to 4% impurities, and gas 2 is allowed to contain up to 3% impurities. Gas 1...
-
Why does the earned income tax credit increase the labor force participation rate of targeted groups?
-
Extrim Company produces monitors. Extrims plant in San Antonio uses a standard costing system. The standard costing system relies on direct labor hours to assign overhead costs to production. The...
-
Dorothy Deng is a successful real estate mogul in Upstate New York. She owns a number of properties, both commercial and residential and all for rent. One property in particular on the East side of...
-
Selected comparative financial statements of Haroun Company follow. Required 1. Compute trend percents for all components of both statements using 2013 as the base year. Round percents to one...
-
Why is the equity method referred to as a one-line consolidation?
-
What is the difference in reporting income from a subsidiary in the parents separate income statement and in consolidated financial statements?
-
Zippydah SE has the following data at December 31, 2020. The non-trading securities are held as a long-term investment. This is the first year of the companys operations. Instructions a. Prepare the...
-
Determine whether good Tactical Communication was used. Why and why not?
-
Suppose a supplier gives you a price on a contract and then later comes back and claims that he mistakenly wrote down the wrong price. Do you have the right to sue the supplier over breach of...
-
Why is the Texas legislature dependent on the state comptroller of public accounts?
-
Commitment to which two factors precedes the acquisition of the quality of grit?
-
2. Given an analog signal has a range of -4V to 4V, an Analog to Digital Convertor (ADC) will sample the signal every 10ms and map this signal to a digital range from 0 to 8. a. Draw an analog signal...
-
The person who writes his or her name on the back of an instrument. a. bearer ins trument b. blank indors ement c. counterclaim d. dishonorment e. holder in due course f. indorsee g. indorsement h....
-
Give codons for the following amino acids: (a) Th (b) Asp (c) Thr
-
Assume the Black-Scholes framework. For t 0, let S(t) be the time-t price of a stock that pays dividends continuously at a rate proportional to its price. Consider a 1-year European gap option. If...
-
The stockholder's equity accounts of Pen Corporation and Sin Corporation at December 31, 2010, were as follows (in thousands) On January 1, 2011, Pen Corporation acquired an 80 percent interest in...
-
1. In preparing a statement of cash flows, the cost of acquiring a subsidiary is reported: a. As an operating activity under the direct method b. As an operating activity under the indirect method c....
-
Information needed to prepare the Cash Flow from Operating Activities section of Par Corporations consolidated statement of cash flows is included in the following list: Amortization of...
-
Josh is convinced that subgroups exist within his company current customer base. Further, he believes that these different groups of customers opt to purchase his company brand for different reasons,...
-
Question related to Chick-fil-A Company 1. Why is it important to study a company like Chick-fil-A? 2. What does Chick-fil-A require of its store operators? What does it look for in an employee? How...
-
At the beginning of the case, the author builds a case for 3M's outstanding performance as an innovative company. What evidence does he give? What early product breakthroughs shaped 3M's approach...
Study smarter with the SolutionInn App