In Canada, all of a subsidiarys assets and liabilities are consolidated regardless of the ownership percentage of
Question:
In Canada, all of a subsidiary’s assets and liabilities are consolidated regardless of the ownership percentage of the parent. Nevertheless, the ownership percentage may affect the amount of the reported (consolidated) assets. Explain.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (1 review)
Answered By
Aysha Ali
my name is ayesha ali. i have done my matriculation in science topics with a+ . then i got admission in the field of computer science and technology in punjab college, lahore. i have passed my final examination of college with a+ also. after that, i got admission in the biggest university of pakistan which is university of the punjab. i am studying business and information technology in my university. i always stand first in my class. i am very brilliant client. my experts always appreciate my work. my projects are very popular in my university because i always complete my work with extreme devotion. i have a great knowledge about all major science topics. science topics always remain my favorite topics. i am also a home expert. i teach many clients at my home ranging from pre-school level to university level. my clients always show excellent result. i am expert in writing essays, reports, speeches, researches and all type of projects. i also have a vast knowledge about business, marketing, cost accounting and finance. i am also expert in making presentations on powerpoint and microsoft word. if you need any sort of help in any topic, please dont hesitate to consult with me. i will provide you the best work at a very reasonable price. i am quality oriented and i have 5 year experience in the following field.
matriculation in science topics; inter in computer science; bachelors in business and information technology
_embed src=http://www.clocklink.com/clocks/0018-orange.swf?timezone=usa_albany& width=200 height=200 wmode=transparent type=application/x-shockwave-flash_
4.40+
11+ Reviews
14+ Question Solved
Related Book For
Question Posted:
Students also viewed these Accounting Theory questions
-
Under the parent- company and parent- company extension methods, all of a subsidiarys assets and liabilities are consolidated regardless of the ownership percentage of the parent. Nevertheless, the...
-
Parent Inc. is contemplating a tender offer to acquire 80% of Subsidiary Corporation's common stock. Subsidiary's shares are currently quoted on the New York Stock Exchange at $85 per share. In order...
-
Parent Inc. is contemplating a tender offer to acquire 80% of Subsidiary Corporation's common stock. Subsidiary's shares are currently quoted on the New York Stock Exchange at $85 per share. In order...
-
How do standard costs illustrate the trade-off between decision making and control?
-
Now add the risk-free asset. What impact does this have on the efficient frontier?
-
If we know both the luminosity and brightness of a star, we can find its a. mass b. temperature c. distance d. age
-
Panther Racing, LLC, is involved in competitive racing, including the development, maintenance, and operation of a racing team in the IndyCar series. Beginning in 2008, the National Guard annually...
-
Based on the comparative income statement and balance sheet of Cowan Kitchen Counters, Inc., that follow compute the following liquidity measures for 20-2 (round all calculations to two decimal...
-
1. Mr. i holds the following preferences over outcomes w, x, y, and z: xPw, xPy, zPx, yPz, wPy, and wPz. (a) Identify all five possible subsets of these outcomes that contain three or more outcomes....
-
A die is rolled 8 times. What is the probability that we will get exactly two 3s?
-
What is the impact on minority interest of unrealized profits in beginning inventories?
-
Norton and Ralph have a utility possibility frontier that is given by the following equation, U R +U 2 N = 100 (where R and N signify Ralph and Norton respectively). (a) If we set Nortons utility to...
-
Consider a project that has a net cash flow of $ -1000, $500, $400 and $100 over zero to three. What is the NPV of this project if the appropriate discount rate is 15% ?
-
Christopher is a cash-method, calendar-year taxpayer, and he made the following cash payments related to his business this year. Calculate the after-tax cost of each payment assuming he has a 37...
-
If you invest $200,000 currently in a project that pays a 7.5% interest rate compounded annually, What is the amount of the investment after four years ?
-
Aku Ali plans to invest $23,000 each year in a saving account until he turns 70 years old. He is 40 years old now. If the savings at the beginning of each year, and the interest on the saving account...
-
Incresase employee performance, your manager thinks it is an excellent idea to have music plaing in the background while your team carry out their duties. With reference to Herzberg's two-factor...
-
Levy Inc. manufactures tractors for agricultural usage. Levy purchases the engines needed for its tractors from two sources: Johnson Engines and Watson Company. The Johnson engine is the more...
-
The cash records of Holly Company show the following four situations. 1. The June 30 bank reconciliation indicated that deposits in transit total $720. During July, the general ledger account Cash...
-
Diversified Ltd. (DI) is a public company that started operations in 20X4. It opened a number of locations across Canada. In fiscal 20X4, the company had earnings before tax of $290,000. The tax rate...
-
Tempo Inc. is a Canadian company that has operations in Canada and Australia. One source of temporary differences relates to the warranty it offers on its core products. Required: What type of...
-
The following are independent statements regarding corporate income taxes: 1. The choice to adopt the taxes payable method or future income taxes method is available only under ASPE. 2. If a private...
-
Using the information below -- what was Bala Industries' Cash Flow from Financing for the year ending 6/30/2011? Round to the nearest cent. Increase in inventories $34 Purchased treasury stock $25...
-
Pounds Sales price per pound at split-off Further processing cost per pound Final sales price per pound MH5220 800 $700 $105 $875 AC5480 200 $1,000 $350 $1,725 Using a physical measure method, what...
-
Using Wall Street Journal conduct research regarding artificial intelligence (AI) such as ChatGTP. Should tax and accounting professionals be concerned with AI)? Will AI like ChatGPT eliminate demand...
Study smarter with the SolutionInn App