How will the elimination of unrealized intercompany inventory profits recorded on the parents books affect consolidated retained
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 64% (14 reviews)
Under the fully adjusted equity method consolidated retained earnin...View the full answer
Answered By
Joseph Mwaura
I have been teaching college students in various subjects for 9 years now. Besides, I have been tutoring online with several tutoring companies from 2010 to date. The 9 years of experience as a tutor has enabled me to develop multiple tutoring skills and see thousands of students excel in their education and in life after school which gives me much pleasure. I have assisted students in essay writing and in doing academic research and this has helped me be well versed with the various writing styles such as APA, MLA, Chicago/ Turabian, Harvard. I am always ready to handle work at any hour and in any way as students specify. In my tutoring journey, excellence has always been my guiding standard.
4.00+
1+ Reviews
10+ Question Solved
Related Book For
Advanced Financial Accounting
ISBN: 978-0078025624
10th edition
Authors: Theodore E. Christensen, David M. Cottrell, Richard E. Baker
Question Posted:
Students also viewed these Accounting questions
-
How do unrealized intercompany inventory profits from a prior period affect the computation of consolidated net income when the inventory is resold in the current period? Is it important to know...
-
Will the elimination of trade barriers between countries in Europe eliminate the need to consider submarkets of European consumers? Why or why not?
-
Will the elimination of trade barriers between countries in Europe eliminate the need to consider submarkets of European consumers? Why or why not?
-
Given are five observations for two variables, x and y. a. Develop a scatter diagram for these data. b. What does the scatter diagram developed in part (a) indicate about the relationship between the...
-
Rationalize the numerator. (a) 50 / 3 (b) 12 / 5 (c) 3(2 / 5)
-
Find the general solution of y' = 2(y 10). Then find the two solutions satisfying y(0) = 25 and y(0) = 5, and sketch their graphs.
-
The Honeybee dataset contains data collected from the USDA on the estimated number of honeybee colonies (in thousands) for the years 1995 through 2012. We use technology to find that a regression...
-
For 3 generations, the Shipman family has sent its children to Yale University, preparing them for successful professional careers. The Wilma Shipman Trust was established in the 1950s by Amys late...
-
Stroud Corporation is an 80%-owned subsidiary of Pennie, Inc., acquired by Pennie several years ago. On January 1, 2017, Pennie sold land with a book value of $60,000 to Stroud for $90,000. Stroud...
-
Find the number k such that a2 a3 a1 (1 21 + z det 361 261 + b2 b3 b3 3c1 2c1 + C2 C3 C3, = k det b b2 b3 C2
-
How is the amount to be reported as consolidated retained earnings determined when there have been intercorporate sales during the period?
-
How will the elimination of unrealized intercompany inventory profits recorded on the subsidiarys books affect consolidated retained earnings?
-
On December 31, 2014, Digital Connections issued 8%, 10-year bonds payable with a maturity value of $500,000. The semi-annual interest dates are June 30 and December 31. The market interest rate is...
-
The following are the ages of 13 mathematics teachers in a school district. 28, 30, 34, 34, 36, 38, 39, 42, 46, 47, 49, 50, 51 Notice that the ages are ordered from least to greatest. Give the...
-
1/ You have two different assets (investments). Asset A (perpetuity) will pay you $1,000 in one year, $1,000 in two years, $1,000 in three years, and so on every year forever. Asset B will pay you...
-
Using the list method or the switch method, find the inverse function of: f(x)=6x+1-13 f1(x) =
-
A space for storing boxes is 36 inches high. Each box is 6 inches high. A space of 9 inches must be left at the top.
-
2. The benefits of financial planning Aa Aa Why Engage in Personal Financial Planning? Many people mistakenly believe that personal financial planning is an activity appropriate for only the wealthy;...
-
Speculate on the reasons behind the lack of electronic purse projects in the United States.
-
The population of Detroit, Michigan, decreased from 1,027,974 in 1990 to 688,701 in 2013 (Source: U.S. Census Bureau). Find the average rate of change in the population of Detroit, Michigan, over the...
-
Assume that due to a decrease in demand, the average domestic airline fare decreased from $375 in the third quarter of 2019 to $360 in the fourth quarter of the same year, a decrease of $15. The...
-
Newtime Products purchased 65 percent of TV Sales Company's stock at underlying book value on January 1, 20X3. At that date, the fair value of the noncontrolling interest was equal to 35 percent of...
-
Petime Corporation acquired 90 percent ownership of United Grain Company on January 1, 20X4, for $108,000 when the fair value of United's net assets was $10,000 higher than its $110,000 book value....
-
Petime Corporation acquired 90 percent ownership of United Grain Company on January 1, 20X4, for $108,000 when the fair value of United's net assets was $10,000 higher than its $110,000 book value....
-
what ways do individuals navigate and negotiate their identities within the complex matrix of socialization processes, considering factors such as ethnicity, gender, and socioeconomic status ?
-
Discuss in three paragraphs how a bank can decrease its labor expense to to improve its risk/return profile. give correct answer with explanation in long.
-
discuss the concept of resocialization and its significance in situations where individuals undergo significant life transitions or experiences that challenge their existing social identities and...
Study smarter with the SolutionInn App