a. Explain the objective(s) of consolidated financial statements. b. Describe in general terms the principles of consolidation.
Question:
a. Explain the objective(s) of consolidated financial statements.
b. Describe in general terms the principles of consolidation.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 80% (5 reviews)
a Consolidated financial statements are the financial reports ...View the full answer
Answered By
James Warinda
Hi! I’m James Otieno and I'm an experienced professional online tutor with countless hours of success in tutoring many subjects in different disciplines. Specifically, I have handled general management and general business as a tutor in Chegg, Help in Homework and Trans tutor accounts.
I believe that my experience has made me the perfect tutor for students of all ages, so I'm confident I can help you too with finding the solution to your problems. In addition, my approach is compatible with most educational methods and philosophies which means it will be easy for you to find a way in which we can work on things together. In addition, my long experience in the educational field has allowed me to develop a unique approach that is both productive and enjoyable.
I have tutored in course hero for quite some time and was among the top tutors awarded having high helpful rates and reviews. In addition, I have also been lucky enough to be nominated a finalist for the 2nd annual course hero award and the best tutor of the month in may 2022.
I will make sure that any student of yours will have an amazing time at learning with me, because I really care about helping people achieve their goals so if you don't have any worries or concerns whatsoever you should place your trust on me and let me help you get every single thing that you're looking for and more.
In my experience, I have observed that students tend to reach their potential in academics very easily when they are tutored by someone who is extremely dedicated to their academic career not just as a businessman but as a human being in general.
I have successfully tutored many students from different grades and from all sorts of backgrounds, so I'm confident I can help anyone find the solution to their problems and achieve
0.00
0 Reviews
10+ Question Solved
Related Book For
Introduction To Financial Accounting
ISBN: 9781526803009
9th Edition
Authors: Anne Marie Ward, Andrew Thomas
Question Posted:
Students also viewed these Business questions
-
In 2000, Middle, Inc. acquired 60 percent of Topper Company's common stock at a cost equal to Middle's share of Topper's nbv. For 2001, Middle and Topper reported the following: Separate Income (from...
-
Describe in general terms the following "helical'' type motions: a. r(t) = sin t i + cos t j + tk b. r(t) = sin t3 i + cos t3 j + t3 k c. r(t) = sin (t3 + ) i + t3 j + cos(t3 + )k d. r(t) = t sin t i...
-
Simulation Casa Royale, Inc., a nonpublic company, retained Ying and Company CPA to perform an audit of the financial statements for the current year. Howard Smythe, the partner in charge of the...
-
Determine how current values might be determined for investments, land, buildings, equipment, patents, copyrights, trademarks, and franchises. How might the use of current values in the accounting...
-
The minutes of the board of directors of Mary- gold Catalogue Company Ltd. for the year ended December 31, 2011, were provided to you. Meeting of February 16, 2011 Ruth Ho, chair of the board, called...
-
A 350-kg roller coaster starts from rest at point A and slides down the frictionless loop-the-loop shown in Fig. P7.45. (a) How fast is this roller coaster moving at point B? (b) How hard does it...
-
What is the purpose of operations management?
-
At the beginning of June, Marshall Printing Company budgeted 16,000 books to be printed in June at standard direct materials and direct labor costs as follows: Direct materials .... $ 24,000 Direct...
-
Titus, a wealthy oil magnate, is a huge fan of Gram Parsons, the influential musician who co-founded the Flying Burrito Brothers and who died at age 26 of a drug and alcohol overdose in 1973. He has...
-
What are some of the challenges Tableau will face as it hires 1,000 new employees in one year?
-
The summarized statement of financial position of Arbalest Ltd at 30 September 20X0 was as follows (internal accountants draft copy): During the year ended 30 September 20X1 the company had the...
-
At 31 July 20X9, the statement of financial position of Winder Engineering plc showed the following position: The preference shares were originally issued at a premium of 10 per cent, and are...
-
Under what conditions do the following production functions exhibit decreasing, constant, or increasing returns to scale? a. \(q=L+K\) b. \(q=L^{a} K^{b}\) c. \(q=L+L^{a} K^{b}+K\)
-
Consider the system in Fig.12.17. A device with cylindrical symmetry, which rolls without crawling on a horizontal plane, has mass \(M=10.0 \mathrm{~kg}\) and radius \(R=8.0 \mathrm{~cm}\). The...
-
Show that if you have a mass \(M\) distributed of on a spherical shell, that is, on a sphere of radius \(R\) hollow inside, and a point mass \(m\) at a distance \(h\) from the sphere, the...
-
Using the energy scale used in the microscopic world, chemical processes release about \(10 \mathrm{eV}\) per elementary reaction, while a nuclear reaction releases about \(10 \mathrm{MeV}\)....
-
Determine the gravitational potential \(\mathcal{V}_{G}\) in the case of a homogeneous solid sphere of radius \(R\) as a function of \(r>R\).
-
Show that in the case described by the question 4 the point mass \(m\) inside the sphere feels no gravitational force from the spherical shell. Question 4 Show that if you have a mass \(M\)...
-
In a study of patients arriving at a hospital emergency room, the gender of the patients is considered, together with whether the patients are younger or older than 30 years of age, and whether or...
-
Planning: Creating an Audience Profile; Collaboration: Team Projects. Compare the Facebook pages of three companies in the same industry. Analyze the content on all available tabs. What can you...
-
Rockwell Automation is a leading provider of industrial automation power and controls. The annual report indicates that the company uses straight-line depreciation for its property and equipment. In...
-
A few years ago, a Delta Air Lines 727 crashed in Dallas. The crash resulted in a gain of $.11 per share for Delta. How could this happen? Consider the accounting for airplanes. Airlines insure their...
-
Lufthansas policy of rolling over entire fleets of aircraft in roughly 10 yearsbefore the aircrafts have outlived their usefulnessbegan when seven first-generation 747s were sold. The 747s were...
-
On a particular day, there were 300 stocks that advanced on the NYSE and 800 that declined. The volume in advancing issues was 1000 and the volume in declining issues was 3000. What is the trin ratio?
-
A coupon bond that pays interest of $30 annually has a par value of $1000, matures in 6 years, and is selling today at $850. What is the yield to maturity on this bond?
-
A callable bond pays annual interest of $40, has a par value of $1000, matures in 4 years but is callable in 3 years at a price of $1100, and has a value today of $1020. What is the yield to call on...
Study smarter with the SolutionInn App