FREE Trial

Are all foreign subsidiaries consolidated? Why or why not?

Are all foreign subsidiaries consolidated? Why or why not?

This problem has been solved!


Do you need an answer to a question different from the above? Ask your question!
  • Tutor Answer

Not all foreign subsidiaries are consolidated The parent must be able to exercise con…View the full answer


answer-question
Related Book For  answer-question
Advanced Financial Accounting

Advanced Financial Accounting

ISBN: 978-0078025877

11th edition

Authors: Theodore E. Christensen, David M. Cottrell, Cassy JH Budd

See More Books
Posted Date: April 13, 2017 10:39:22
See More Questions

Students also viewed these Accounting questions

Q:
The following describes Japanese accounting before the Big Bang: The preparation of consolidated financial statements is based on the Securities and Exchange Law. Individual-company accounts are the...
A:
The chapter identifies the following major changes that have occurred since the Japanese big bang a......
Q:
A sales-based ranking of software companies provided by Yahoo! Finance on November 5, 2008, places Oracle Corporation third behind sales leaders Microsoft Corporation and IBM Software. Typical of...
A:
a Long term debt to shareholders equity......
Q:
Mega Communications Inc. (MCI) is a Canadian-owned public company operating throughout North America. Its core business is communications media, including newspapers, radio, television and cable. The...
A:
To Mr R Allen CFO From CA Finance Director Re Accounting issues for fiscal Year 3 As MCI is a public company our main objective is to present to investors the best possible picture of profits However......
Q:
Let U = {1, 2, 3, 4,p, 10} A = {1, 3, 5, 7} B = {3, 7, 9, 10} C = {1, 7, 10} Determine the following. A - B
A:
A B......
Q:
Selected balance sheet amounts for Dragon Group International Limited, a diversified electronics firm in Singapore, appears next, as of December 31, 2007, and December 31, 2006. Dragon Group...
A:
Dragon Group International Limited balance sheet relations Amounts in Millions The missing it......
Q:
(a) Prove that the second-order system whose characteristic polynomial is ms2 + cs + k is stable if and only if m, c, and k have the same sign, (b) Derive the conditions for neutral stability.
A:
a The system is stable if both of its roots are real and negative or if the roots are complex with n......
Q:
In the early years of project management, how many core metrics were looked at on each project other than time and cost? A. None B. 2 C. 3 D. 5
A:
Click to View...
Q:
Jetson Co. sold 20,000 units of its only product and incurred a $50,000 loss (ignoring taxes) for the current year as shown here. During a planning session for year 2012s activities, the production...
A:
Part 1 2011 Break even in sales dollars Fixed costs Contribution margin ratio 200 000 20 1 000 000 To compute contribution margin ratio Sales price pe......
Q:
Write three statements to print the first three elements of vector runTimes. Follow each with a newline. Ex: If runTimes = {(800, 775, 790, 805,808), print: 800 775 790
A:
include using namespace std int main const int......
Q:
Suppose you have been hired as a financial consultant to Defense Electronics, Inc. (DEI), a large, publicly traded firm that is the market share leader in radar detection systems (RDSs). The company...
A:
SOLUTION a The initial Time 0 cash flow for the project is calculated as follows Land cost 4 400 000 Plant Equipment cost 37 000 000 Net working capital 1 300 000 Total initial investment 42 700 000 T......
Q:
Where is the remeasurement gain or loss shown in the consolidated financial statements?
A:
The remeasurement gain or loss first appears as the trial balance bala......
Q:
Describe the accounting for a foreign investment that is not consolidated with the U.S. Company.
A:
If an investment in a foreign subsidiary is not consolidated it is reporte......
Q:
Nicky receives a car from Sam as a gift. Sam paid $48,000 for the car. He had used it for business purposes and had deducted $10,000 for depreciation up to the time he gave the car to Nicky. The fair...
A:
a The basis for depreciation is the donees gain basis of 38 000 48 000 cost 10 000......
Q:
Which of the following two mutually exclusive alternatives should be selected if a 5 per cent interest rate is used for the calculation of net present value? Machine X project Machine Y project Net...
A:
To determine which of the two mutually exclusive alternatives Machine X or Machine Y should be selec......
Q:
Canterlot Chartered Accountants is a successful mid-tier accounting firm with a large range of clients across Australia. During the 2020 year Canterlot gained a new client, Cloudsdale Medical Group...
A:
The sales bonus system within Cloudsdale Medical Group CMG can have significant implications for the control environment and management s considerations Here are the implications and special factors m......
Q:
Canterlot Chartered Accountants is a successful mid-tier accounting firm with a large range of clients across Australia. During the 2020 year Canterlot gained a new client, Cloudsdale Medical Group...
A:
Internal Audit Question Considering the control activities component of internal control one questio......
Q:
Sony Corporation, headquartered in Tokyo, Japan, is one of the largest multinational companies in the world. While Sonys financial reporting currency is the Japanese yen, the companys foreign...
A:
Sony Corporation like many multinational companies has to deal with the impact of changes in foreign exchange rates on its consolidated financial stat......
Q:
Elliott has the following capital gain and loss transactions for 2015. After the capital gain and loss netting process, what is the amount and character of Elliotts gain or loss? Short-term capital...
A:
To calculate Elliott s net capital gain or loss for 2015 we need to follow these steps Net the short......
Q:
Daybook Inc. budgeted production of 403,500 personal journals in 20Y6. Each journal requires assembly. Assume that eight minutes are required to assemble each journal. If assembly labor costs $13.00...
A:
DAYBOOK INC Direct Labor Cost Budget For the Year E......
Q:
Show, if u(x, y) and v(x, y) are harmonic functions, that u + v must be a harmonic function but that uv need not be a harmonic function. Is e"e" a harmonic function?
A:
The detailed......
Q:
The NCAA (National Collegiate Athletic Association) wants to develop a database to keep track of information about college basketball. Each university team belongs to only one conference (e.g., the...
A:
Semantic Integrity Constraints Specified business rules not captured......
Q:
Develop an EER model for the following situation, using the traditional EER notation, the Visio notation, or the subtypes inside supertypes notation, as specified by your instructor: A technology...
A:
Technology Company ERD Purch Date Cust Contact p PRODUCT Product Name Std Pr......
Q:
Develop an EER model for the following situation using the traditional EER notation, the Visio notation, or the subtypes inside supertypes notation, as specified by your instructor: An international...
A:
School of Technology......
Q:
Imagine you are a member of your local school board. You wantan answer to the very simple question, Are students learning?What can you recommend to school principals to answer thequestion?
A:
There are a number of ways that school principals can ans......
Q:
During 2012, the Smiths and the Joneses both filed joint tax returns. For the tax year ended December 31, 2012, the Smiths taxable income was $130,000, and the Joneses had total taxable income of...
A:
a Tax on the Smiths income of 130 000 Looking at th......
Q:
Describe all solutions of the given congruence. 39x 125 (mod 9)
A:
The congruence can be re......
Q:
Use the first eight rules of inference to derive the conclusions of the following symbolized arguments:
A:
Click to View...
Q:
A 0.06-lb bullet is fired with a horizontal velocity into the lower end of a 45-lb slender bar which is initially at rest in a vertical plane. Knowing that the bullet becomes embedded in the bar and...
A:
Mass of bar Moment of inertia Let point G be the mass center of rod ABC Kinematics of......
Q:
Ali is excited to buy a commercial property to start up his new business and investment initiative. He is suspicious about a particular property and does not want to go ahead with the purchase until...
A:
When Ali is purchasing a commercial property and wants to ensure its good condition he should work closely with Ayesha his legal counsel or real estate agent to include specific terms in the purchase......
Q:
Ten sources, six with a bit rate of 200 kbps and four with a bit rate of 400 kbps, are to be combined using multilevel TDM with no synchronizing bits. Answer the following questions about the final...
A:
We combine six 200 kbps sources into three 400 kbps......
Q:
For a library, the entity type HOLDING has four subtypes: BOOK, AUDIO BOOK, DVD, and SOFTWARE. Draw a separate EER diagram segment for each of the following situations: a. At a given time, a holding...
A:
Library situation analyses and EERD segments a A holding is exact......
Q:
Refer to your answer to Problem and Exercise 2-44 in Chapter 2. Develop entity clusters for this E-R diagram and redraw the diagram using the entity clusters. Explain why you chose the entity...
A:
Bank situation standard EER Notation Bank situation......
Q:
Three capacitors, each of capacitance 120 F, are connected together in series. This network is then connected to a 10 kV supply. Calculate: a. Their combined capacitance in F b. The charge stored c....
A:
Ans Given that the capictance of each capictor is 120 F and voltage......
Q:
Do you agree or disagree with the following statements? If you disagree, please do correct them: Capital is an asset.
A:
I agree with the statement Capital is indeed considered an asset in accounting I......
Q:
Do you agree or disagree with the following statements? If you disagree, please do correct them: Discount allowed is an income.
A:
I disagree with the statement Discount allowed is not considered income I......
Q:
Do you agree or disagree with the following statements? If you disagree, please do correct them: Prior period expense written off is a liability.
A:
I disagree with the statement Prior period expense written off is not a liability rather it is an ad......
Q:
On 1st April, Gaana.com Limited was registered as a public company with a capital of 1 crore. How many maximum shareholders can Gaana.com have on 1st April? (a) 200 (b) 1 crore (c) 7 (d) 10 Lakh
A:
On 1st April Gaana com Limited was registered as a public company with a capital o......
Q:
Do you agree or disagree with the following statements? If you disagree, please do correct them: Prepaid expenses is an expense.
A:
I disagree with the statement Prepaid expenses are not an expense in the traditi......
Q:
Suppose that water from a wetland area is sampled and found to have the given hydronium ion concentration. Determine whether the wetland is a rich fen, a poor fen, or a bog. 2.49 10 -2
A:
The pH is less than 3 0......
Q:
X-1 Find the domain of the function f(x) : x 1 2 - O (-00, -1) U (-1, ) O (-00, 1) U (1, ) O -00, -1) U (-1, 1) U (1, 0) O (- 1, 1)
A:
f x 3 DX 1 X......
Q:
1. Shirley purchased an interest in the Tony and Olga partnership by paying Tony $40,000 for half of his capital and half of his 50 percent profit sharing interest. At the time, Tony's capital...
A:
1 a Capital Interest Income Interest Tony capital 30 000 30 50 Olga capital 70 000 70 50 100 000 Sin......
Q:
1. Partners Allen, Baker, and Coe share profits and losses 50:30:20, respectively. The balance sheet at April 30, 2011, follows: The assets and liabilities are recorded and presented at their...
A:
1 a Old capital at fair value 300 000 80 of new capital New capital 300 000 8 375 000 Less Old capit......
Q:
Calvin purchased a 40% partnership interest for $43,000 in February 2012. His share of partnership income in 2012 was $22,000, in 2013 was $25,000, and in 2014 was $12,000. He made no additional...
A:
Calvin would have a long term capital gain......
Q:
Download a copy of the ACFE Compensation Guide for Anti-fraud Professionals, which is available at no charge at: www.acfe.com/documents/2008-comp-guide.pdf. Based on this resource, answer the...
A:
This question requires students to research information from the ACFE Compensation Guide for Anti fr......
Q:
Explain the basic idea for performing a hypothesis test, based on independent samples, to compare two population proportions.
A:
We need to decide whether the dif......
Q:
A conducting sphere is placed between two charged parallel plates such as those shown in Fig. 23.2. Does the electric field inside the sphere depend on precisely where between the plates the sphere...
A:
The electric field inside the sphere is zero no matter where the sphere is placed......
Q:
Indicate whether the imputed interest rules should apply in the following situations. Assume that all of the loans were made at the beginning of the tax year unless otherwise indicated. a. Mike...
A:
Click to View...
Q:
Emarpy Appliance produces all kinds of major appliances. Richard Feehan, the president of Emarpy, is concerned about the production policy for the company's best selling refrigerator. The demand for...
A:
Annual demand D 8 000 daily production rate p 200......
Q:
Draw a flow chart that illustrates the problem-solving process that should be used to identify solutions to overcome barriers, implement and Question 3.3 What might you need to consider when...
A:
Click to View...
Q:
As a recent graduate, you have been hired by Canadian Communications Inc. (CCI), a large industry leader in the Canadian telecommunications market. CCI is contemplating investing in an upgraded...
A:
a We will begin by finding the market value of each type of financing We will use B1 to represent th......
Q:
Zach contributed land with a FMV of $25,000 and a basis of $14,000 to a partnership on April 5, 2011. On June 6, 2017, the partnership distributed the land to Art, a partner in the same partnership....
A:
a FMV 25 000 Basis 14 000 Pre contribution gain 11 000 At the distrib......
Q:
Phil Williams and Liz Johnson are 60% and 40% partners, respectively, in Williams & Johnson Partnership. Their beginning basis is $33,000 for Phil and $31,000 for Liz. The partnership had the...
A:
a b See website for Form 1065 c Phil 60 Beg Basis 33 000 Share of Income 52 55......
Q:
Walco Manufacturing Inc. holds 500 convertible bonds from Indwell Semiconductor which it purchased on January 1, year 1 for $ 518,110. The face amount of each bond is $ 1,000. Each bond is...
A:
The correct answer is b When Walco converts half of the bonds......
Q:
What is a technology matrix?
A:
A technology matrix also known as a technology assessment matrix or a technology evaluation matrix is a tool or framework used to systematically evalu......
Q:
Define final demand.
A:
Final demand refers to the total quantity and value of goods and services that are consumed or used directly by end users households businesses govern......
Q:
Which are the three methods that can be used to allocate emissions from a process between multiple products?
A:
There are several methods that can be used to allocate emissions from a process between multiple pro......
Q:
Explain the direct and total requirement matrices.
A:
Direct Requirement Matrix and Total Requirement Matrix are tools used in the field of operations research and production planning to manage the flow o......
Q:
Explain how electricity is a higher-quality resource than coal.
A:
Electricity is often considered a higher quality resource than coal for several reasons primarily related to efficiency versatility and environmental considerations Here s an explanation of why electr......
Q:
A researcher conducts a one-tailed two-sample t test on 32 subjects (16 subjects in each group) and finds that t = 2.182. a. How many degrees of freedom are there in this study? b. Estimate the...
A:
a 14 df......
Q:
on 8 For the following set of lengths 130, 170, 160, 160, 150, 190 Third quartile is: et red d out of Select one: O a. 160 a question O b. 145 O c. 175 O d. 180
A:
1 Option C is correct 175 130 150 160 160 170 190 T......
Human Genetics And Genomics 4th Edition - ISBN: 0470654473 - Free Book