Why are subsidiary shares not reported as stock outstanding in the consolidated balance sheet?
Answer to relevant QuestionsWhat is the difference between consolidated and combined financial statements?Dell Computer Corp. and CIT Group, Inc., established Dell Financial Services L.P. (DFS) as a joint venture to provide financing services for Dell customers. Dell originally purchased 70 percent of the equity of DFS and CIT ...Select the correct answer for each of the following questions.1. Special-purpose entities generallya. Have a much larger portion of assets financed by equity shareholders than do companies such as General Motors.b. Have ...Gamble Company convinced Conservative Corporation that the two companies should establish Simpletown Corporation to build a new gambling casino in Simpletown Corner. Although chances for the casino’s success were ...Rank Corporation acquired 60 percent of Fresh Company's stock on December 31, 20X4. In preparing the consolidated financial statements at December 31, 20X4, goodwill of $240,000 was reported. The goodwill is attributable to ...
Post your question