The consolidation adjustment to eliminate the parents investment and the subsidiarys equity at the date of acquisition
Question:
The consolidation adjustment to eliminate the parent’s investment and the subsidiary’s equity at the date of acquisition is passed once in the first year of acquisition and not subsequently. True/False
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (1 review)
Answer False The consolidation adjustment to eliminate the parents inves...View the full answer
Answered By
Antony Sang
I am a research and academic writer whose work is outstanding. I always have my customer's interests at heart. Time is an important factor in our day to day life so I am always time conscious. Plagiarism has never been my thing whatsoever. I give best Research Papers, Computer science and IT papers, Lab reports, Law, programming, Term papers, English and literature, History, Math, Accounting, Business Studies, Finance, Economics, Business Management, Chemistry, Biology, Physics, Anthropology, Sociology, Psychology, Nutrition, Creative Writing, Health Care, Nursing, and Articles.
5.00+
2+ Reviews
10+ Question Solved
Related Book For
Advanced Financial Accounting An IFRS Standards Approach
ISBN: 9781285428765
4th Edition
Authors: Pearl Tan, Chu Yeong Lim, Ee Wen Kuah
Question Posted:
Students also viewed these Business questions
-
12. How do volvocine algae move? Name the cytoskeletal component responsible for this structure. 13. Name two structures that Gonium, Eudorina, and Volvox have that Chlamydomonas does not. i. ii....
-
Cost of Goods Manufactured Bob's Bistro produces party-sized hoagie sandwiches. For next year, Bob's Bistro predicts that 50,000 units will be produced with the following total costs: Direct...
-
December 20, 20XX STA 48 STA 1 21 STA 1 STA 48 69 1 STA 21 STA 69 December 20, 20XX STA 69 STA 21 48 Traverse of a 4-sided Polygon HI 1.38 HCR VCR SD 0:00:00 89:40:28 96.655 180:00:00 270:19:32...
-
1. By integrating Planck's codiation law over all wave hengths power radiated per square meter of a is given by: R(T) = (55) T" proof that the cavity's surface note: x= he AKT 2 xdx 3 % ex-1
-
For the plane truss shown in Figure P3-32, determine the nodal displacements, the element forces and stresses, and the support reactions. All elements have E = 70 GPa and A = 3.0 10-4 m2. Verify...
-
An internet firewall is designed to provide protection against: a. Computer viruses. b. Unauthorized access from outsiders. c. Lightning strikes and power surges. d. Arson.
-
a. Beginning with the score function for the logit case in equation (11.5), show that the information matrix can be expressed as \[\mathbf{I}(\boldsymbol{\beta})=\sum_{i=1}^{n} \sigma_{i}^{2}...
-
Data for the North, South, East and West divisions of McGonigel Company are as follows: a. Determine the missing items, identifying each by the letters (a) through (l). Round whole percents to one...
-
SOUTH DAKOTA CORPORATION SOUTH DAKOTA CORPORATION uses a job - order costing system with normal costing. At the start of the period, the company had the following balances: Raw Materials inventory $...
-
The adjustment in (5) above, that is, the elimination entry as at the date of acquisition is an asset substitution entry. It transforms the investment asset into goodwill and the fair value of...
-
A group may comprise a parent, its subsidiaries, and the subsidiaries of its subsidiaries. True/False
-
For Problems 9 and 10, consider that when medicine is administered, reaction (measured in change of blood pressure or temperature) can be modeled by Where c is a positive constant and m is the amount...
-
Ernie Hasana is self - employed as a virtual assistant. He will use the single filing status, and his only source of income was a net profit of $ 9 6 , 0 0 0 from his business. Ernie's partially...
-
Magic Realm, Incorporated, has developed a new fantasy board game. The company sold 45,500 games last year at a selling of $65 per game. Fixed expenses associated with the game total $819,000 per...
-
The sound level in St. Maria Goretti's Catholic Secondary School's cafeteria at lunch time is 63 dB. Meanwhile, the sound level in the school's chapel before class is 21 dB. How many times louder is...
-
Tracy Company, a manufacturer of air conditioners, sold 200 units to Thomas Company on November 17, 2024. The units have a list price of $650 each, but Thomas was given a 30% trade discount. The...
-
A capital budgeting project requires a cash investment of $1,600,000. The required rate of return is 12% and the investment will yield annual cash inflows over its useful life of four years. What is...
-
What case caused a crisis for President Nixon?
-
Outline a general process applicable to most control situations. Using this, explain how you would develop a system to control home delivery staff at a local pizza shop.
-
Fineline Pencil Company acquired 80 percent of Smudge Eraser Corporations stock on January 2, 20X3, for $72,000 cash. Summarized balance sheet data for the companies on December 31, 20X2, are as...
-
Byte Computer Corporation acquired 75 percent of Nofail Software Companys stock on January 2, 20X3, by issuing bonds with a par value of $50,000 and a fair value of $67,500 in exchange for the...
-
Byte Computer Corporation acquired 90 percent of Nofail Software Companys common stock on January 2, 20X3, by issuing preferred stock with a par value of $6 per share and a market value of $8.10 per...
-
How does just-in-time (JIT) manufacturing support lean production and reduce inventory holding costs?
-
1. What is the optimal outcome for Jeremy Reilly? 2. What client education should the nurse provide to Jeremy Reilly with regards to his integumentary status? 3. What assessment findings would...
-
What was Charles Schwab trying to do after he returned in 2004? How successful was he?
Study smarter with the SolutionInn App