Income information for 2019 taken from the separate company financial statements of Paris corporation and its 75% old subsidiary San Antonio corporation is shown in the image. Paris gain on sale of building relates to a building with a book value of 40,000 and a 10 year remaining useful life that was sold to San Antonio for 60,000 of January 1,2019. At what amount will the gain on sale of building appear under consolidated/group income statement of Paris and San Antonio what the year 2019 should be a. zero b. 5,000 c. 15,000 d. 20,000 The consolidated group depreciation expense for 2019 should be a. 158K b. 160K c. 162K d. 180K The profit attributable to equity holders of parent or CNA contributable controlling interest for 2019 should be: a. 295K b. 277K c. 275K d. 220K
Income information for 2019 taken from the separate company financial statements of Paris corporation and its 75% old subsidiary San Antonio corporation is shown in the image.
Paris gain on sale of building relates to a building with a book value of 40,000 and a 10 year remaining useful life that was sold to San Antonio for 60,000 of January 1,2019.
At what amount will the gain on sale of building appear under consolidated/group income statement of Paris and San Antonio what the year 2019 should be
a. zero b. 5,000 c. 15,000 d. 20,000
The consolidated group
a. 158K b. 160K c. 162K d. 180K
The profit attributable to equity holders of parent or CNA contributable controlling interest for 2019 should be:
a. 295K b. 277K c. 275K d. 220K
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