For each of the investments listed below, tell which of the following methods should be used for
Question:
For each of the investments listed below, tell which of the following methods should be used for external financial reporting:
(a) Cost-adjusted-to-market method,
(b) Equity method,
(c) Consolidation of parent and subsidiary financial statements.
1. 49 percent investment in Miraz Corporation
2. 51 percent investment in Roof Corporation
3. 5 percent investment in Rek Corporation
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 80% (10 reviews)
1 Miraz Corporation 2 Roof Corpo...View the full answer
Answered By
Gaurav Soni
Teaching was always an area where I can pursue my passion. I used to teach my friends and junior during my school and college life. After completing my professional qualification (chartered accountancy) and before joining my job, I also joined an organization for teaching and guidance to my juniors. I had also written some articles during my internship which later got published. apart from that, I have also given some presentations on certain amendments/complex issues in various forms.
Linkedin profile link:
https://www.linkedin.com/in/gaurav-soni-38067110a
5.00+
7+ Reviews
13+ Question Solved
Related Book For
Question Posted:
Students also viewed these Accounting questions
-
The objectives of general-purpose external financial reporting are primarily to serve the needs of management. Comment.
-
For each of the following research projects, list at least one area or cluster that could be used in obtaining the sample. a. A study of road conditions in the state of Missouri. b. A study of U.S....
-
1 What are the strategic objectives for each of the organisations involved? Provide a high-level benefits map to structure the objectives and necessary changes. 2 Who are the key stakeholders in such...
-
Methanol, CH3OH, is prepared industrially from the gasphase catalytic balanced reaction that has been depicted here using molecular models. In a laboratory test, a reaction vessel was filled with...
-
The radiator of a steam heating system has a volume of 20 L and is filled with superheated water vapor at 200 kPa and 150C. At this moment both the inlet and the exit valves to the radiator are...
-
San is a 90 percent-owned foreign subsidiary of Par, acquired by Par on January 1, 2016, at book value equal to fair value, when the exchange rate for LCUs of San's home country was $0.24. San's...
-
A linear viscoelastic, orthotropic lamina has principal creep compliances given in contracted notation by \[S_{i j}(t)=E_{i j}=F_{i j} t, \quad i, j=1,2, \ldots, 6\] where \(E_{i j}\) and \(F_{i j}\)...
-
Suppose that the court determines that no presumption of substantial abuse applies in Janets case. Nevertheless, the court finds that Janet does have the ability to pay at least a portion of the...
-
Having a solid cybersecurity plan in place is essential for any organization to protect its sensitive data from cyber threats. The community bank where I am employed has taken extensive measures to...
-
The Problem We have currently cash reserves in 10 different currencies in the amounts given in the second column of the following table (in millions). Initial Position Desired Position 70 20 8 3 15 7...
-
Bianka Company owns 30 percent of Bargain Company. In 2011, Bargain earned $60,000 and paid $40,000 in dividends. Prepare journal entries for Biankas records on December 31 to record this...
-
Perk Company owns 25 percent of Storm Company. During 2011, Storm earned $100,000 and paid $72,000 in dividends. Prepare journal entries for Perks records on December 31 to record this information....
-
How would you identify attributes from a users requirements specification and then associate the attributes with entity or relationship types?
-
Given the recent movement in the forward premium for the SEK/EUR rate, Bjrk can expect that the hedge will experience higher: A. basis risk. B. roll yield. C. premia income. Rika Bjrk runs the...
-
Analyze the foreign-currency return for Portfolio B. Justify your choice. The fund manager of Portfolio B is evaluating an internally-managed 100% foreigncurrency hedged strategy. Kamala Gupta, a...
-
Describe two considerations for each type of component recommended to Grimmett for her manager selection process. Grimmett asks the adviser if any other preparatory steps should be taken before...
-
Calculate the contribution of foreign currency to the Bhatt accounts total return. Show your calculations. Darden meets with Bhatt and learns that Bhatt will be moving back to his home country of...
-
The Caribou Fund is most likely classified as a: A. large-cap value fund. B. small-cap value fund. C. small-cap growth fund. Three years ago, the Albright Investment Management Company (Albright)...
-
A chemist has developed a new synthesis of ibuprofen and has reported that she has prepared the (S)-(1)-enantiomer in 90% EE, and that this material has a measured specific rotation of 151.7 degrees...
-
For all of the following words, if you move the first letter to the end of the word, and then spell the result backwards, you will get the original word: banana dresser grammar potato revive uneven...
-
Let \(\delta_{j}, j \geqslant 1\), be iid Bernoulli random variables with \(\mathbb{P}\left(\delta_{j}= \pm 1ight)=1 / 2\). We set \[S_{0}:=0, \quad S_{n}:=\delta_{1}+\cdots+\delta_{n} \quad \text {...
-
Four Star Pizza manufactures make-at-home frozen pizza and calzone kits and sells them for $5 each. It is currently considering a proposal to manufacture and sell fully prepared products. The...
-
Tuen and Associates wants to buy an automated coffee roaster/grinder/brewer. This piece of equipment would have a useful life of six years, would cost $190,000, and would increase annual net cash...
-
Full Service Station is planning to invest in automatic car wash equipment valued at $210,000. The owner estimates that the equipment will increase annual net cash inflows by $40,000. The equipment...
-
China's giant property developer Country Garden has been declared in default on its debt after failing to make a bond repayment by a final deadline of October 18. A panel of global banks and...
-
Write a classification essay in 3 rd person that you can describe clearly and cleverly. Have a clear thesis in the introduction that clearly list their classification categories.
-
Why college are important?
Study smarter with the SolutionInn App