The post-closing balances of the Retained Earnings accounts of Pant Corporatio and its 80%-owned subsidiary, Short Company,

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

Question:

The post-closing balances of the Retained Earnings accounts of Pant Corporatio and its 80%-owned subsidiary, Short Company, on February 28, 2017, wen as follows (there were no intercompany profits or losses): Pant Corporation: Retained earnings Retained earnings of subsidiary Short Company: Retained earnings Consolidated retained earnings of Pant Corporation and subsidiary under equity method on February 28, 2017, is: P1,600,000

Posted Date: May 18, 2024 09:04 PM

See More Questions

Case 2: Company DEF I have 20 staff, with 2 groups rotating the shift. Group 1: - working 6 days in week 1 and week 3. - Working 5 days in week 2 and week 4 Group 2: - working 6 days in week 2 and...
Assume that the error in Exercise 3-15 was not corrected and that the $4,950 of accrued salaries was included in the first salary payment in January. Indicate which items will be erroneously stated,...
A fast-food restaurant is trying to determine the cost of its two services: counter service/eat-in and drive-through/take-out. Describe the typical activities associated with a fast-food restaurant....
What are components of cost of goods available for sale and cost of goods sold?(Appendix)
The trial balance of Pollard Company at the end of its fiscal year, August 31, 2012, includes these accounts: Beginning Inventory $18,700; Purchases $154,000; Sales Revenue $190,000; Freight-in...
\f
1. Map Crayola's five pillars of operational leadership to the competitive priorities in Table 1.3. 2. Create an assessment of Crayola's competitive priorities as it relates to their Asian expansion...
WACC Grey's Pharmaceuticals has a new project that will require funding of $78 million. The company has decided to pursue an all debt scenario. Grey's has made agreements with four lenders for the...
Let f(z) =Log(22-3z + 3i). Explain why one cannot compute f'(i). Suggest a fix for this issue and then compute the derivative.
what ways do power dynamics influence the outcome of conflict resolution processes, and how can imbalances be addressed to ensure fairness and equity ?
: In current dollars, estimate the amount of money needed each year to live on in retirement, and then calculate the lump sum present value using a real interest rate. oUse PVA for this calculation...
Dividens of $34,000 will be declared and paid in April. Garden Sales, Inc., sells garden supplies. Management is planning its cash needs for the second quarter. The company usually has to borrow...
What mechanisms allow individuals or groups to translate their influence into tangible power within complex socio-political landscapes ?
(Q13d) Use the linear model to predict the unemployment rate of a county in which 23% of adults have a bachelor's degree or higher. Linear model from part (c) When 23% of adults have a bachelor's...
(a) Bright Sdn Bhd (BSB) is a tax resident manufacturing company in Johor, which involves in ceramic tiles. Currently, BSBs annual sales turnover has been forecasted to be around RM 300,000 for the...
In the formation stages of a project, are there any distinct advantages to using xPM over APF for an extreme project? If so, identify them.
In the formation stages of a project, are there any distinct disadvantages to using APF over xPM for an extreme project? If so, identify them. In considering your answer, think about what is really...
As a class exercise, identify three xPM projects and write the POS for one of them.

The post-closing balances of the Retained Earnings accounts of Pant Corporatio and its 80%-owned subsidiary, Short Company,

Question:

Expert Answer:

Students also viewed these accounting questions