A subsidiary owns shares of its parent company. Which of the following is true concerning the treasury
Question:
A subsidiary owns shares of its parent company. Which of the following is true concerning the treasury stock approach?
a. It is one of several options to account for mutual holdings available under current accounting standards.
b. The original cost of the subsidiary’s investment is a reduction in consolidated stockholders’ equity.
c. The subsidiary accrues income on its investment by using the equity method.
d. The treasury stock approach eliminates these shares entirely within the consolidation process.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 64% (14 reviews)
The correct answer is d The treasury stock approach eliminates these shares entirely within the cons...View the full answer
Answered By
Santosh Reddy
I have been a tutor for over 10 years. I have experience working with students of all ages, from elementary school to college. I have also tutored students with different learning styles and abilities. I am familiar with a variety of subjects, including math, science, English, history, and Spanish. I am able to adapt my teaching style to meet the needs of each individual student. I am patient and supportive, and I strive to help my students succeed.
I believe that one of the most important aspects of tutoring is the ability to build a rapport with the student. I work to create a positive and supportive learning environment where the student feels comfortable asking questions and seeking help. I also believe that it is important to be flexible and accommodating to the student's needs. I am willing to adjust my schedule and meeting times to ensure that the student is able to get the help they need.
I am confident in my ability to help students improve their grades and succeed in their studies. I have a proven track record of success, and I am committed to helping my students reach their goals. If you are looking for a tutor who is experienced, knowledgeable, and supportive, then please contact me. I would be happy to discuss your needs and how I can help you achieve success.
0.00
0 Reviews
10+ Question Solved
Related Book For
Advanced Accounting
ISBN: 978-1259444951
13th edition
Authors: Joe Ben Hoyle, Thomas Schaefer, Timothy Doupni
Question Posted:
Students also viewed these Business questions
-
Consider the closed-loop control system shown in Figure CP4.6. The controller gain is K = 2. The nominal value of the plant parameter is a = 1. The nominal value is used for design purposes only,...
-
Which of the following is true concerning the relevant dates of dividends in the U.S.? Group of answer choices A. The ex-dividend date is usually set one business day after the payment date. B. The...
-
Which of the following is true concerning the Tax Cuts and Jobs Act of 2017? a. This tax law leads to the immediate elimination of the federal estate tax. b. This tax law leads to the immediate...
-
Midwest Inc. is a medium-size company that has been in business for 20 years. The industry has become very competitive in the last few years, and Midwest has decided that it must grow if it is going...
-
Suppose that a point (X, Y) is chosen at random from the disk S defined as follows: S = {(x, y) : (x 1)2 + (y + 2)2 9}. Determine (a) The conditional p.d.f. of Y for every given value of X, (b)...
-
Amass weighing 64 pounds stretches a spring 0.32 foot. The mass is initially released from a point 8 inches above the equilibrium position with a downward velocity of 5 ft /s. (a) Find the equation...
-
Reconsider Parts (a) through (f) of Problem 2. For each "true" statement, develop a mathematical proof based on the time value of money factor equations from Table 2.6 in Chapter 2. Data from problem...
-
In recent years, Harper Transportation purchased three used buses. Because of frequent employee turnover in the accounting department, a different accountant selected the depreciation method for each...
-
Shape Color Label Circle Blue 1 Circle Blue 0 Circle Green 0 Diamond Blue 0 Diamond Green 0 Diamond Green 0 Diamond Red 1 Square Blue 1 Square Square Red 1 Red 1 (a) What are the parameters of the...
-
Lets get some more experience with the six steps in applied regression. Suppose that youre interested in buying an Apple iPod (either new or used) on eBay (the auction website) but you want to avoid...
-
In a father-son-grandson business combination, which of the following is true? a. The father company always must have its total accrual-based income computed first. b. The computation of a companys...
-
Which of the following is correct for two companies that want to file a consolidated tax return as an affiliated group? a. One company must hold at least 51 percent of the other companys voting...
-
Mandy Knox is the new manager of the materials storeroom for Timken Manufacturing. Mandy has been asked to estimate future monthly purchase costs for part # 696, used in two of Timkens products....
-
Hillard Company is currently considering how much should be charged for one unit of Product SR10. The president of Hillard Company has decided to use the cost-plus approach to product pricing and has...
-
The average speed for the entire route is 3.0 km/h. (b) Given: Ad=1.2 km [E]; At = 24min Required: V av
-
1. If a bank has a required reserve ratio of 25% and you put $500 cash that you have had in the cookie jar into a checking account at the bank, how much of that cash can the bank loan out to a...
-
9. Zach took $200,000 out of the bank and used it to start his new cookie business. The bank account pays 3 percent interest per year. During the first year of his business, Zach sold 17,000 boxes of...
-
Suppose a particular type of car is expected to lose about 7 . 1 % of its value every year.Suppose you purchased the car for $ 2 5 6 9 1 . How much would the car be worth after 7 years?
-
In large compressors, the gas is frequently cooled while being compressed to reduce the power consumed by the compressor. Explain how cooling the gas during a compression process reduces the power...
-
Find an equation of the given line. Slope is -2; x-intercept is -2
-
Fund A transfers $20,000 to Fund B. For each of the following, indicate whether the statement is true or false and, if false, explain why. a. If Fund A is the General Fund and Fund B is an Enterprise...
-
During 2010, the City of Coyote contracted to build a sidewalk costing $10,000 as a special assessments project for which it collected $10,000 from affected citizens. The government had no obligation...
-
On December 30, 2010, the City of Coyote borrowed $20,000 for the General Fund on a 60-day note. In that fund, both Cash and Other Financing Sources were recorded. In the general information, a...
-
CH 7 Section 2 Exercises 25 2 points The accounts receivable ledger for Modern Vintage Antiques follows below. Name: Stella Bianco Address: 917 Broadway, New York, NY 10018 Date Description 28x1...
-
A Growing Trend? On July 31, 2022, the New York Times reported, "Book-banning attempts have grown in the U.S. over the past few years from relatively isolated battles to a broader effort aimed at...
-
Specify the register transfer operations using RTL for the following digital system operations: a) Add the contents of registers 12 and 14 and place the result in register 15. b) Logically OR the...
Study smarter with the SolutionInn App