If some intangible assets were not recognised by a subsidiary because they were internally developed, can those

Question:

If some intangible assets were not recognised by a subsidiary because they were internally developed, can those same intangible assets be recognised in the consolidated financial statements?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Financial Accounting

ISBN: 9781743767382

9th Edition

Authors: Craig Deegan

See More Books

Question Posted: Sep 16, 2023 03:12 PM

See More Questions

Pelican Systems Inc. (PSI), a public company, develops and manufactures equipment that is sold to technology, communications, and airline enterprises, and designs and installs customized information...
CD Ltd is a JSE listed company specialising in marketing and advertising. They provide a wide range of marketing services to help businesses grow by expanding brand awareness, increasing online...
Discuss the viticulture of Champagne, sparkling wines, sherry, port and other sweet wines. Include the aspects that make each of the signature wines unique. Incorporate the wine regions while...
Stenback Exercise Equipment, Inc. reported the following financial statements for 2016: Requirements 1. Compute the amount of Stenback Exercises acquisition of plant assets. Assume the acquisition...
Meyer Inc's assets are $745,000, and its total debt outstanding is $185,000. The new CFO wants to establish a debt ratio of 55%. The size of the firm does not change. How much debt must the company...
For which company would you think the issuance of a convertible bond makes more sense: BMW or Tesla? Explain why.
What are the building blocks of a sequence diagram?
Suppose you manage a $4 million fund that consists of four stocks with the following investments: If the market's required rate of return is 14% and the risk-free rate is 6%, what is the fund's...
Describe the physical principles that explain electric motors and generators and the conceptual similarities between these devices. Showing your thoughts by drawing pictures.
Bhinda owns and runs a garage. The following information relates to her business: 1. Cash petrol sales amount to 1,287. 2. Bhinda purchases a breakdown vehicle 42,500 on credit from W. Rekers. 3. She...
The consolidated statement of financial position will show the total assets controlled by the economic entity (group) and the total liabilities owed to parties outside the economic entity. As such,...
There is one asset that appears in the consolidated statement of financial position, but probably does not appear in the parent entitys or subsidiaries separate accounts, and there is also one asset...
During its manufacture, plate glass at 600C is cooled by passing air over its surface such that the convection heat transfer coefficient is h = 5 W/m2 K. To prevent cracking, it is known that the...
What is the unique, Oracle-assigned identifier for Oracle Cloud Infrastructure resources known as? A. OCID B. Tenant ID C. ACID D. Cloud account name
Why in the past did many non-profit organizations not capitalize their capital assets?
Which of the following statements is false? A. VM instances may be created based on available compute shapes. B. Block storage volumes can be added only to bare-metal machines. C. VM instances may...
Why do psychologists study the brain and the nervous system?
List the Oracle Cloud database solutions that include Transparent Data Encryption (TDE). A. DBCSVM B. ExaCS C. ADB D. DBCSBare metal
Railroad companies in the United States tend to have long-term, fixed rate, dollar denominated debt. Explain why.
If the annual fixed costs are 54,000 dinars, the occupation expense represents 20%, the contribution margin is 25%, and the unit selling price is 40 dinars. Required: Calculate the closing point of...
Your boss asks you to examine the following income statement of Hamilton Hardware and Watson Glass: In the notes to the financial statements, you notice that Hamilton Hardware uses the Straight-line...
Tony began a small retailing operation on January 1, 2012. During 2012, the following transactions occurred: 1. Tony contributed $20,000 of his own money to the business. 2. $60,000 was borrowed from...
Driftwood shipbuilders entered into the following transaction during 2012: 1. Sold $6,000 of no-par common stock. 2. Purchased $6,000 of inventory on account. 3. Purchased new equipment for $5,000 in...
The venture capital firm has $10 million dollars of invested capital in a venture fund and expects a profit of $50 million dollars on the liquidation of the fund in 5 years. Over the course of five...
Explain what this statement means: "One part of leverage affects both EBIT and EPS. The other type affects only EPS." Explain why the following statement is true: "All else the same, firms with...
Tammy has an heirloom that she's sure she can sell for $18,500 if she holds onto it for 16 years. She has a mutual fund that earns 12% interest, compounding monthly. Tammy was just offered $3,000 for...

If some intangible assets were not recognised by a subsidiary because they were internally developed, can those

Question:

Step by Step Answer:

Yes they can be recognised As part of the consolidation process it i...View the full answer

Financial Accounting

Students also viewed these Business questions