When a subsidiary purchases the bonds of its parent from a nonaffiliate for less than book value,
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 92% (13 reviews)
Hence for the final analysis we can say that a co...View the full answer
Answered By
Ashington Waweru
I am a lecturer, research writer and also a qualified financial analyst and accountant. I am qualified and articulate in many disciplines including English, Accounting, Finance, Quantitative spreadsheet analysis, Economics, and Statistics. I am an expert with sixteen years of experience in online industry-related work. I have a master's in business administration and a bachelor’s degree in education, accounting, and economics options.
I am a writer and proofreading expert with sixteen years of experience in online writing, proofreading, and text editing. I have vast knowledge and experience in writing techniques and styles such as APA, ASA, MLA, Chicago, Turabian, IEEE, and many others.
I am also an online blogger and research writer with sixteen years of writing and proofreading articles and reports. I have written many scripts and articles for blogs, and I also specialize in search engine
I have sixteen years of experience in Excel data entry, Excel data analysis, R-studio quantitative analysis, SPSS quantitative analysis, research writing, and proofreading articles and reports. I will deliver the highest quality online and offline Excel, R, SPSS, and other spreadsheet solutions within your operational deadlines. I have also compiled many original Excel quantitative and text spreadsheets which solve client’s problems in my research writing career.
I have extensive enterprise resource planning accounting, financial modeling, financial reporting, and company analysis: customer relationship management, enterprise resource planning, financial accounting projects, and corporate finance.
I am articulate in psychology, engineering, nursing, counseling, project management, accounting, finance, quantitative spreadsheet analysis, statistical and economic analysis, among many other industry fields and academic disciplines. I work to solve problems and provide accurate and credible solutions and research reports in all industries in the global economy.
I have taught and conducted masters and Ph.D. thesis research for specialists in Quantitative finance, Financial Accounting, Actuarial science, Macroeconomics, Microeconomics, Risk Management, Managerial Economics, Engineering Economics, Financial economics, Taxation and many other disciplines including water engineering, psychology, e-commerce, mechanical engineering, leadership and many others.
I have developed many courses on online websites like Teachable and Thinkific. I also developed an accounting reporting automation software project for Utafiti sacco located at ILRI Uthiru Kenya when I was working there in year 2001.
I am a mature, self-motivated worker who delivers high-quality, on-time reports which solve client’s problems accurately.
I have written many academic and professional industry research papers and tutored many clients from college to university undergraduate, master's and Ph.D. students, and corporate professionals. I anticipate your hiring me.
I know I will deliver the highest quality work you will find anywhere to award me your project work. Please note that I am looking for a long-term work relationship with you. I look forward to you delivering the best service to you.
3.00+
2+ Reviews
10+ Question Solved
Related Book For
Advanced Financial Accounting
ISBN: 978-0078025877
11th edition
Authors: Theodore E. Christensen, David M. Cottrell, Cassy JH Budd
Question Posted:
Students also viewed these Accounting questions
-
How would the relationship between interest income recorded by a subsidiary and interest expense recorded by the parent be expected to change when comparing a direct placement of the parent's bonds...
-
How is the amount of income assigned to the noncontrolling interest affected when the parent purchases the bonds of its subsidiary from an unaffiliated company for less than book value?
-
If a subsidiary purchases parent bonds at a price in excess of recorded book value, is the gain or loss attributed to the parent or the subsidiary? Explain.
-
If you were able to dictate economic policy, how would you strengthen the automatic stabilizers in this country? Why would your solutions work?
-
What is the key difference between the direct method and the indirect method for presenting a statement of cash flows?
-
Explain the various motivations of those who politically lobby standard-setters.
-
A mixture of \(\mathrm{H}_{2}\) and \(\mathrm{D}_{2}\) is contained in two bulbs connected by a porous plug. The bulbs are maintained at different temperatures of 200 and \(600 \mathrm{~K}\). The...
-
The Buffalo Snow Shoe Company is considering manufacturing radial snow shoes, which are more durable and offer better traction. Buffalo estimates that the investment in manufacturing equipment will...
-
What was an effective part of the content of the speech? What was the most effective part of the delivery of the speech? How could content be improved? How could delivery be improved?
-
Old Victrola, Inc., produces top-quality stereos and uses process costing. The manufacture of stereos is such that direct materials, labor, and overhead are all added evenly throughout the production...
-
When the parent company purchases a subsidiary's bonds from a nonaffiliate for more than book value, what income statement accounts will be affected in preparing consolidated financial statements?...
-
How will parent company shares held by a subsidiary be reflected in the consolidated balance sheet when the treasury stock method is used?
-
List the three design goals for relational databases, and explain why each is desirable.
-
The Group's key risks are outlined below: 1 Regulatory decisions and changes in the regulatory environment could adversely affect our business. 2 We could suffer loss of consumer confidence and/or...
-
Obtain transfer function of each of two mechanical systems given in Fig. P 1.7, where \(x_{i}\) represents input displacement and \(x_{0}\) represents output displacement. B eeee (a) K 0000 T K Xo -...
-
You flip a coin six times and keep a record of the results. In how many ways could you obtain at least one tail?
-
In Problems 47-56, decide whether you would use a permutation, a combination, or neither. Next, write the solution using permutation notation or combination notation, if possible, and, finally,...
-
How many different subsets can be chosen from a set of seven elements?
-
Write a detailed step-by-step mechanism to show how each of the products arises from the reaction in Problem 41, part (a). Data From Problem 41, part (a) H;C I () H
-
A company pledges their receivables so they may Multiple Choice Charge a factoring fee. Increase sales. Recognize a sale. Collect a pledge fee. Borrow money. Failure by a promissory notes' maker to...
-
Anchor Corporation paid cash of $178,000 to acquire Zink Companys net assets on February 1, 20X3. The balance sheet data for the two companies and fair value information for Zink immediately before...
-
Anchor Corporation paid cash of $178,000 to acquire Zink Companys net assets on February 1, 20X3. The balance sheet data for the two companies and fair value information for Zink immediately before...
-
Bower Company purchased Lark Corporations net assets on January 3, 20X2, for $625,000 cash. In addition, Bower incurred $5,000 of direct costs in consummating the combination. At the time of...
-
The hydrogen spectrum shows 4 lines in the region visible spectral (this series is called the Balmer series: H (red): =656.3 nm, H(blue-green): = 481.1 nm, H (purple): = 434.1 nm, and H(purple): =...
-
A ring-shaped conductor with radius a = 2.50 cm has a total positive charge Q=0.123 nC uniformly distributed around it. (Eigure 1) What is the magnitude of the electric field at point P, which is on...
-
What are the main role of a businessmen to build the good business relation and communication to make the business better everyday?
Study smarter with the SolutionInn App