Explain the composition of consolidated retained earnings in terms of the parents and subsidiarys separate-entity retained earnings.
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 25% (8 reviews)
Consolidated retained earnings is comprised of the parents retained ...View the full answer
Answered By
Asim farooq
I have done MS finance and expertise in the field of Accounting, finance, cost accounting, security analysis and portfolio management and management, MS office is at my fingertips, I want my client to take advantage of my practical knowledge. I have been mentoring my client on a freelancer website from last two years, Currently I am working in Telecom company as a financial analyst and before that working as an accountant with Pepsi for one year. I also join a nonprofit organization as a finance assistant to my job duties are making payment to client after tax calculation, I have started my professional career from teaching I was teaching to a master's level student for two years in the evening.
My Expert Service
Financial accounting, Financial management, Cost accounting, Human resource management, Business communication and report writing. Financial accounting : • Journal entries • Financial statements including balance sheet, Profit & Loss account, Cash flow statement • Adjustment entries • Ratio analysis • Accounting concepts • Single entry accounting • Double entry accounting • Bills of exchange • Bank reconciliation statements Cost accounting : • Budgeting • Job order costing • Process costing • Cost of goods sold Financial management : • Capital budgeting • Net Present Value (NPV) • Internal Rate of Return (IRR) • Payback period • Discounted cash flows • Financial analysis • Capital assets pricing model • Simple interest, Compound interest & annuities
4.40+
65+ Reviews
86+ Question Solved
Related Book For
Advanced Financial Accounting
ISBN: 978-0137030385
6th edition
Authors: Thomas Beechy, Umashanker Trivedi, Kenneth MacAulay
Question Posted:
Students also viewed these Accounting questions
-
How is the amount of consolidated retained earnings assigned to the noncontrolling interest affected by unrealized inventory profits at the end of the year?
-
What portion of consolidated retained earnings is assigned to the noncontrolling interest in the consolidated balance sheet?
-
Parent Corporation has owned all 100 shares of Subsidiary Corporation common stock since 2007. Parent has been in the business of manufacturing and selling light fixtures, and Subsidiary has been in...
-
Lang Enterprises was started when it acquired $4,000 cash from creditors and $6,000 from owners. The company immediately purchased land that cost $9,000. Required a. Record the events under an...
-
A 60-year-old woman can purchase either of the following annuities from a life insurance company for $50,000. A 30-year term annuity will pay $367 at the end of each month. A life annuity will pay...
-
Concentrations (pg per g of snow) of metals by atomic fluorescence in the Agassiz Ice Cap in Greenland for the period 1988-1992 are 31 Pb, 1.04 ( 0.17) 102; Tl, 0.43 0.087; Cd, 3.5 0.87; Zn, 1.74...
-
Consider the statistical model defined by Equation (5.1) and suppose $H_{0}: \tau_{1}=\cdots=\tau_{k}=0$ is true. Show that the following are true. a. $S S_{\text {Treat }} / \sigma^{2} \sim...
-
Is it possible to establish formal organizational procedures (either at the project level or company-wide) for the resolution of conflicts? If a procedure is established, what can go wrong?
-
The following information was reported in the December 31 financial statements of National Airways, Incorporated (listed alphabetically, amounts in millions). Accounts Payable Accounts Receivable...
-
Skylar and Walter Black have been married for 25 years. They live at 883 Scrub Brush Street, Apt. 52B, Las Vegas, NV 89125. Skylar is a stay-at-home parent and Walt is a high school teacher. Skylars...
-
What happens if a company sells a long- lived asset that is part of its inventory to another company in the consolidated group instead of one that is shown as a capital asset on the books of the...
-
When a fair- valued asset is sold to outsiders, what is the disposition of the fair-value increment when the statements are consolidated in the year of the sale? What is the disposition of the...
-
Fulkerson Metals maintains accurate records of the inventory purchased from its suppliers and sold to customers. The records show the following purchases and sales during 2015. Fulkerson uses a...
-
Consider a hypothetical Control Unit which supports 8 k words. The Hardware contains 64 internal control signals, 16 bus control signals, 8 Flags and 8 branch conditions. What is the size of control...
-
On December 31, Foster Co. had the following list of accounts and their respective annual balances. Accounts Payable $ 25,800 Dividends $ 10,700 Accounts Receivable 26,100 Legal Expense 8,100...
-
Which international acquisition and exportability objective addresses the need to strengthen domestic and allied defense industrial bases? Explain.
-
Discuss the direct correlation between an effective value chain and a firm's competitive advantage by examining the relationship between: Effective value chain management Customer delight...
-
In the e/m of the Electron experiment, the beam of electrons is moving in a magnetic field created by a pair of Helmholtz coils. What is the parameter "a" related to the Helmholtz coil? Explain.
-
A 10-year annuity pays $1,500 per month, and payments are made at the end of each month. If the interest rate is 15 percent compounded monthly for the first four years, and 12 percent compounded...
-
What are the two methods used to translate financial statements and how does the functional currency play a role in determining which method is used?
-
Either individually or in groups, come up with ideas from large companies that are seemingly intrapreneurial. Discuss how each company is innovating beyond its core business.
-
Select the correct answer for each of the following questions. Items 1 and 2 are based on the following: On January 2, 20X8, Pare Company acquired 75 percent of Kidd Companys outstanding common stock...
-
Select the correct answer for each of the following questions. Items 1 and 2 are based on the following: On January 2, 20X8, Pare Company acquired 75 percent of Kidd Companys outstanding common stock...
-
Select the correct answer for each of the following questions. Items 1 and 2 are based on the following: On January 2, 20X8, Pare Company acquired 75 percent of Kidd Companys outstanding common stock...
-
Exactly 24 months ago in 2019, centronics inc issued a 15 year bond. the bond was issued at par to yield 6%. it pays interest annually. over the last 12 months, yields on bonds of similar risk have...
-
How COVID-19 news evoked sentiments and emotions. What are the financial implications of these sentiments for investors/policy makers?
-
How does the network of global stock markets reacts to covid-19? What countries (stock markets) plays most important role during covid-19? Explain.
Study smarter with the SolutionInn App