How is the income reported by the subsidiary reflected on the books of the investor under each
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 33% (12 reviews)
When the parent company uses the cost method dividends receive...View the full answer
Answered By
Charles mwangi
I am a postgraduate in chemistry (Industrial chemistry with management),with writing experience for more than 3 years.I have specialized in content development,questions,term papers and assignments.Majoring in chemistry,information science,management,human resource management,accounting,business law,marketing,psychology,excl expert ,education and engineering.I have tutored in other different platforms where my DNA includes three key aspects i.e,quality papers,timely and free from any academic malpractices.I frequently engage clients in each and every step to ensure quality service delivery.This is to ensure sustainability of the tutoring aspects as well as the credibility of the platform.
4.30+
2+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Accounting questions
-
How is the income of the investor impacted by equity method investments?
-
What portion of other comprehensive income reported by a subsidiary is included in the consolidated statement of comprehensive income as accruing to parent company shareholders?
-
How is the Income Summary account used? Is it a temporary or permanent account?
-
Derive the transfer function of the circuit shown in figure below (for an ideal op amp) and show that it can be written in the form - V. -R2/R1 V," [1+ ( +j) Where w1 = 1/C,R1 and w2 = 1/ C2R2....
-
Calculate the amounts that will be accumulated after 20 years if: a. $1000 is invested at the end of every six months at 8.5% compounded semiannually. b. $2000 is invested at the end of every year at...
-
5. A woman is saving for retirement in 15 years. She currently has $300,000 in a savings account earning 6% per year. In addition, she is saving $22,000 per year in an account earning 4% per year....
-
The probability of getting a sum of 10 or 11 when a pair of dice is rolled is 5 36. Classify the statement as an example of classical probability, empirical probability, or subjective probability....
-
Allen Software was a relatively new tech company led by aggressive founder Benjamin Allen. His strategy relied not so much on producing new products as using new equity capital to buy up other...
-
A movie theater needs to know how many adult tickets and children tickets were sold out of the 830 total tickets. If children's tickets are $7.20, adult tickets are $16, and the total amount of...
-
Founded in 1972, the German software business SAP (Systems, Applications, and Products in Data Processing) is known as one of the world leaders in enterprise resource planning software, employing...
-
How are dividends declared and paid by a sub sidiary during the year eliminated in the consolidated workpapers under each method of accounting for investments?
-
Define: Consolidated net income; consolidated retained earnings.
-
The local grocery store expects that customers will use credit cards to pay for a total of 80,000 sales transactions during the month of April. These transactions are expected to amount to $...
-
Differentiate extensively democratic from autocratic leadership. a. Cite situation when democratic leadership could be effective? b. Are there cases where autocratic leadership is applicable? Why?
-
What is the purpose of amortization in accounting? Explain how it is different from depreciation. 2. A company purchases a patent for $100,000 with a useful life of 10 years. How would you calculate...
-
Consider the job you currently have in criminal justice or would like to have in the future. How might learning various budgetary approaches make you valuable to a criminal justice employer?
-
3. 1. How frequently should entities remeasure the allowance for credit losses? 2. Describe the journal entry that would be required to increase an existing allowance account balance, and cite the...
-
Consider the following system of nonlinear equations X1 X2 x3 = cos(x1) 81 sin (23) 3 + sin(x) cos(x3) 3 3 cos(x1) X2 sin (F3) + 9 3 6 + Perform three iterations by hand of successive substitution...
-
The first three problems in this Exercise refer to a critical section of the form lock(lk); operation unlock(lk); where the operation updates the shared variable shvar using the local (nonshared)...
-
1. Which of the four major types of information systems do you think is the most valuable to an organization? 2. How do you critically associate the ideas of business agility and business efficiency...
-
The thin lens in air of Figure P33.109 is drawn showing \(\left|R_{1} ight||\). (a) Is this lens converging or diverging? (b) If the lens were drawn showing \(\left|R_{1} ight|=\left|R_{2} ight|\),...
-
How can you determine whether or not a governmental fund should be considered major?
-
What is included on a budgetary comparison schedule? Is such a schedule required to be included in a CAFR?
-
What is included on a budgetary comparison schedule? Is such a schedule required to be included in a CAFR?
-
A 2-meter-tall basketball player attempts a goal 12.4 meters from the basket that is 3.05 meters high. If he shoots the ball at a 55 angle, at what initial speed must he throw the basketball so that...
-
Find the following. 2. 3 y(t) + 3y(t) 3+ = x(t) + 3 x(t) 3. y(t) - 1/2 y(t) x(t) = dt d 4. dt d 5. dt y(t) + 1/2 y(t) + y(t) y(t) + 1/2 y(t) = x(t) + x(t) = x(t)
-
1. Who are the people affected by rsum truth decisions? 2. Why might a job seeker have a duty to blur parts of his or her work history? 3. Why might an egoist lie on the rsum, and why not? 4. Does an...
Study smarter with the SolutionInn App