Describe two methods for treating the pre-acquisition revenue and expense items of a subsidiary purchased during a
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 53% (13 reviews)
The two methods for treating the preacquisition revenue and expense items of a subsidiary purchased ...View the full answer
Answered By
Ali Khawaja
my expertise are as follows: financial accounting : - journal entries - financial statements including balance sheet, profit & loss account, cash flow statement & statement of changes in equity -consolidated statement of financial position. -ratio analysis -depreciation methods -accounting concepts -understanding and application of all international financial reporting standards (ifrs) -international accounting standards (ias) -etc business analysis : -business strategy -strategic choices -business processes -e-business -e-marketing -project management -finance -hrm financial management : -project appraisal -capital budgeting -net present value (npv) -internal rate of return (irr) -net present value(npv) -payback period -strategic position -strategic choices -information technology -project management -finance -human resource management auditing: -internal audit -external audit -substantive procedures -analytic procedures -designing and assessment of internal controls -developing the flow charts & data flow diagrams -audit reports -engagement letter -materiality economics: -micro -macro -game theory -econometric -mathematical application in economics -empirical macroeconomics -international trade -international political economy -monetary theory and policy -public economics ,business law, and all regarding commerce
4.00+
1+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Accounting questions
-
Using the allowance method, the uncollectible accounts for the year are estimated to be $28,000. If the balance for the Allowance for Doubtful Accounts is a $7,000 credit before adjustment, what is...
-
Describe two methods for determining the molecular mass of a polypeptide. Which is more accurate and why?
-
Describe two methods for improvement of the yield of a process (i.e., taking it to a higher sigma value).
-
Alpha Appliance Service had net income for the year of $ 35,000. In addition, the balance sheet reports the following balances: Calculate the return on assets (ROA) for Alpha Appliance Service for...
-
What monthly compounded nominal rate would put you in the same financial position as 5.5% compounded semiannually?
-
Suppose that you are the treasurer of IBM with an extra U.S. $1,000,000 to invest for six months. You are considering the purchase of U.S. T-bills that yield 1.810 percent (that's a six month rate,...
-
The probability of randomly selecting an ace from a standard deck of 52 playing cards is about 0.077. Classify the statement as an example of classical probability, empirical probability, or...
-
Monaghans Pizza delivery service has randomly selected 8 weekdays during the past month and recorded orders for pizza at four different time periods per day: Develop a seasonally adjusted forecasting...
-
If the two lines intersect, then k= x-1 y-67=2+2 3 2 x=Y+1 -z+k 2
-
One aspect of the problem that has been ignored to this point is that each approved project must be led by a senior project manager. Julie has identified only eight senior managers who qualify and...
-
At the date of an 80% acquisition, a subsidiary had common stock of $100,000 and retained earnings of $16,250. Seven years later, at December 31, 2013, the subsidiary's retained earnings had...
-
A principal limitation of consolidated financial statements is their lack of separate financial information about the assets, liabilities, revenues, and expenses of the individual companies included...
-
What are some attractive features of a twin-screw extruder design?
-
In a payroll data set, you would like to check for employees where the ratio of the Net Pay to Gross Pay is greater than 70% indicating low statutory deductions and red-flags on possible ghost...
-
Enhancing Financial Reporting Quality through Corporate Ethics Commitment As you read the attached paper, please reflect on these with respect to the experience you have gained in preparing the...
-
Your firm is considering a new market project. The project will require an equipment purchase of $250,000. The equipment also requires a delivery fee of $25,000. The project will generate revenue in...
-
How does the Marxist view of economic forces differ from the transparent free-market view? Provide in-text citations and references to support your response.
-
What are the advantages and disadvantages of autocratic leadership? Cite an example from your own experience that describes autocratic leadership. Your response should be at least 200 words in...
-
The following table contains x86 assembly instructions. Write equivalent MIPS assembly statements. a. push eax. b. test eax, 0x00200010
-
Don Griffin worked as an accountant at a local accounting firm for five years after graduating from university. Recently, he opened his own accounting practice, which he operates as a corporation....
-
A lens made of glass for which the index of refraction is 1.55 has a focal length of \(0.500 \mathrm{~m}\) in air. What is its focal length when this lens is submerged in water?
-
1. The accounts estimated revenues and appropriations appear in the trial balance of the general fund. These accounts indicate: a. The use of cash basis accounting b. The use of accrual basis...
-
1. When equipment was purchased with general fund resources, which of the following accounts would have been increased in the general fund? a. Due from general fixed assets account group b....
-
1. When equipment was purchased with general fund resources, which of the following accounts would have been increased in the general fund? a. Due from general fixed assets account group b....
-
Benson and Orton are partners who share income in the ratio of 2:3 and have capital balances of $50,000 and $30,000 respectively. Ramsey is admitted to the partnership and is given a 40% interest by...
-
Compute ending work in process inventory for a manufacturer using the following information. Raw materials purchased Direct materials used Direct labor used Factory overhead Work in process...
-
A spring with spring constant 80 N/m is placed at the bottom of a 6 m high ramp with opening angle 60 . A 3 kg mass is then placed on the spring and pushed down so the spring is compressed by a...
Study smarter with the SolutionInn App