Which method governs elimination of unrealized profit in upstream transactions? a) Proportional to dividends paid b) Subsidiary ownership percent c) Full elimination regardless of percent d) Parent company ownership percent
Q: I want to correct answer accounting questions
A: Step 1: Define Recognized GainRecognized gain is a scenario when the asset is sold at an appreciated…
Q: Need help with this question solution general accounting
A: Step 1: Total Fair Market Value of All AssetsThe market values of the assets are:Land:…
Q: General Accounting Question please answer do fast
A: Step 1: Define Gross ProfitGross Profit is the amount a company earns from its core business…
Q: please choose best options in this financial account questions. No AI
A: Correct Answer: d. Temporary differences reverse themselves in subsequent accounting periods,…
Q: Need help the general accounting question
A: Step 1: Define Net IncomeWithin a company, net income represents its after-tax earnings during a tax…
Q: Need help provide correct answer general accounting
A: Step 1: Define Accounts Receivables TurnoverThe accounts receivable turnover is an efficiency metric…
Q: What is the ending inventory??
A: Formula for Ending Inventory:Ending Inventory = Beginning Inventory + Net Purchases − Cost of Goods…
Q: Cost Account Questions Answer Want
A: To compute the lower of cost or market (LCM) for each product in the inventory of Martinez Company…
Q: Need help with this question solution general accounting
A: Step 1: Define PatentThe patent is one of the intangible assets of the business because it has no…
Q: Provide answer the following requirements on these general accounting question
A: Step 1: Define Price-to-earnings ratioP/E ratio or the price-to-earnings ratio shows how much one…
Q: Question:Financial Account Which one of the following is an advantage of using variable costing? a.…
A: The correct answer is:c. Variable costing makes cost-volume relationships more easily apparent.…
Q: 3) 12% - The following data is provided for the ABC Company • Budgeted overhead for the year is…
A: a. Overhead RateThe overhead rate is the amount of overhead applied to production for each machine…
Q: Financial Account Subject Questions
A: To determine how much ordinary income Axel should report on her 2004 tax return from the GNR…
Q: Hi expert please give me answer general accounting
A: Step 1: Definition of Gross Profit Under Absorption CostingUnder absorption costing, all…
Q: Subject = General Account
A: Step 1: Understand the FormulaThe formula for calculating cost of goods sold (COGS) is:…
Q: When should dynamic allocation models replace static methods? a) Changes create confusion b) Fixed…
A: Approach to solving the question:Freeform Detailed explanation: The reason c) Changing business…
Q: Provide correct answer this general Accounting question
A: Step 1: Define Income Statement ComponentsSales, cost of sales, and gross profit are all income…
Q: Solution with steps
A: Explanation of Raw Materials Used:Raw materials used represent the total cost of materials consumed…
Q: What is the constant for the estimating cost equation for this accounting question?
A: Step 1: Identify the highest and lowest observation of cost driver. labor…
Q: Find the correct answer this general accounting question
A: Step 1: Define Standard CostingIt is a cost control method through which production expenses are…
Q: Richards Corporation uses the weighted-average method of process costing. The following information…
A: Step 1:In the weighted average method, the Cost per equivalent unit of materials can be calculated…
Q: Green co.incurs a $15 per pound solve this general accounting question
A: Step 1: Meaning of differential revenueDifferential revenue refers to the additional revenue…
Q: General accounting
A: Income Before Income Taxes:This is the amount of income the company earned before accounting for…
Q: Do fast answer of this general accounting question
A: Step 1: Determine Variable Overhead• Variable Overhead = Direct Labor Hours × Variable Overhead Rate…
Q: General Accounting Question please solve this problem
A: Step 1: Define Bond DiscountA bond discount represents the difference between the bond's issue price…
Q: 10 The cost of visiting customers would MOST likely be classified as a Select one: a.…
A: It is best classified as a customer-sustaining cost because it directly supports the relationship…
Q: The abc co. Uses the qross profit method to estimate inventory and cost solve this general…
A: Step 1: Define Ending InventoryEnding inventory is the cost of inventory at the end of the…
Q: What is the net income for this firm on the general accounting question?
A: Step 1: Define Net IncomeNet income is the most important indicator of a business's performance as…
Q: Need help with this question solution general accounting
A: Step 1:Equivalent units of production is a method which is used to calculate the value of partially…
Q: I need this question answer general Accounting
A: Step 1: Define BudgetingBudgeting is estimating the costs and revenues for the future periods based…
Q: To what extent should tax considerations influence the selection and application of accounting…
A: Detailed explanation:Definitions Related to the QuestionExplanation of Tax Considerations:Tax…
Q: Answer this financial accounting MCQ
A: Explanation of Dynamic Allocation Models: Dynamic allocation models are sophisticated resource…
Q: Find True options. Sub. is Financial Account Questions
A: To determine the value of ending inventory using the variable costing method, we include only the…
Q: None
A: Step 1: Define Comprehensive IncomeComprehensive income includes changes to foreign currency…
Q: Do fast answer of this general accounting question
A: To determine the Cost of Merchandise Sold (COMS) for June, we use the following formula:Cost of…
Q: What this question answer? Please given correct answer general Accounting question
A: Step 1: Define LandThe land is recorded under a company's balance sheet as a tangible asset under…
Q: A business debtors In march solve this accounting questions
A: Step 1: Define ReceivablesIn accounting, receivables (accounts receivable) are amounts of money…
Q: Hans Martin, president of Martin Corporation, believes that it is a good practice for a company to…
A: Payout ratio is the ratio of profit earned and attributable to common shareholders in a period to…
Q: 24 Fill in the blank: ________ is the level of capacity based on producing at full capacity all the…
A: Theoretical capacity denotes the maximum output of a facility or system if it works with full…
Q: Darden Corporation uses the weighted-average method in its process costing system. a. The first…
A: Step 1: Identify the InformationBeginning WIP inventory: 18,000 units, 10% complete (conversion…
Q: Please given correct answer
A: Step 1: Define Direct Material CostDirect materials costs are the costs incurred on the raw parts…
Q: Please provide this question solution general accounting
A: Step 1: Define Allowance FactorAn allowance factor represents the time in which work is not…
Q: Help
A: Make Buy Direct materials 8,400.00 Direct labor 11,250.00 Variable overhead…
Q: Provide correct answer
A: Step 1: Define Net Income or LossNet income or loss is determined in the income statement by taking…
Q: Please solve this question general accounting
A: Step 1: Define Owner's EquityEquity of the business represents its value as per books. The…
Q: I want to correct answer general accounting
A: Step 1: Identify the Formula for Gross ProfitStep 2: Identify the Given ValuesStep 3: Apply the…
Q: Financial Accounting Question please solve
A: Step 1: Define Note PayableNote payables indicate the amount borrowed by a company from the lenders.…
Q: General Accounting Subject
A: Given:production function: Q = 100KLPrice of capital (rent) = $120 Price of labor (wage) = $30Q =…
Q: What was the cost of goods sold on these general accounting question?
A: Step 1: Define Cost of Goods SoldCost of goods sold (COGS), as the name suggests, is the cost of…
Q: Hy expert provide answer please
A: Step 1: Define Accounts ReceivablesAccounts receivables are current assets, meaning, these are…
Question 5.8.23 accounting
Step by step
Solved in 2 steps
- When an investor uses the cost method to account for investments in subsidiary, cash dividends received by the investor from the investee should normally be recorded as: A. Ignored. B. Dividend income. C. An addition to the investor’s share of the investee’s profit. D. A deduction from the investment account E. A deduction from the investor’s share of the investee’s profit.The fair value method of accounting for stock a.recognizes dividends as income b.requires the investment to be decreased by the reported net income of the investee c.requires the investment to be increased by the reported net income of the investee d.is only appropriate as part of a consolidationQuestion 5.8.35 accounting
- What is the correct method for treating a vesting differential linked to the acquisition of shares? privileged rights of the subsidiary by the parent company? Select an answer: a. It must be allocated to identifiable net assets or goodwill. b. It must be distributed in proportion to the identifiable assets and liabilities of the subsidiary. c. It must be charged to consolidated retained earnings or credited to contributed surplus. d. It must be taken care of in the current year.The method of accounting for subsidiaries where investment income is limited to dividends received is the a. cost method. b. simple equity method. c. investment method. d. sophisticated equity method.MCQ Financial Accounting Non-controlling interests in a partial acquisition are measured at? i) Book value only ii) Fair value or proportionate share of identifiable net assets iii) Cost iv) Market value only
- How should negative goodwill be shown on the consolidated financial statements of the acquirer? Group of answer choices As a liability on the statement of financial position As a loss on the statement of comprehensive income As a separate amount under shareholders' equity on the statement of financial position As a gain on the statement of comprehensive incomeThe parent company records its share of subsidiary’s income byA. Crediting Investment in Subsidiary Company.B. None of theseC. Crediting Equity is Subsidiary Income.D. Debiting equity in Subsidiary Income.Which of the following would NOT be included in the acquisition cost?A. Share issue costs.B. Fair value of any shares issued.C. Fair value of contingent consideration.D. Fair value of assets transferred.
- Which of the following costs of a business combination can be deducted from the value assigned to paid-in capital in excess of par? a. Direct and indirect acquisition costs. b. Direct acquisition costs. c. Direct acquisition costs and stock issue costs if stock is issued as consideration. d. Stock issue costs if stock is issued as consideration.Which of the following accounting treatments for costs related to business combination is incorrect? Group of answer choices The costs related to issuance of financial liability at fair value through profit or loss shall be recognized as expense while those related to issuance of financial liability at amortized cost shall be recognized as deduction from the book value of financial liability or treated as discount on financial liability to be amortized using effective interest method. The costs related to issuance of stock or equity securities shall be deducted/debited from any share premium from the issue and any excess is charged to “share issuance cost” reported as contract-equity account against either (1) share premium from other share issuances or (2) retained earnings Acquisition related costs such as finder’s fees; advisory, legal, accounting, valuation and other professional and consulting fees; and general administrative costs, including the costs of maintain an…For cash-settled share based payment transactions, until the liability is settled, the entity is required to re-measure the fair value of the liability at each reporting date and at the date of settlement and any changes in fair values are: a. Not recognized b. Included in earnings c. Included in accumulated profits d. Treated as a component of equity
