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: What is its debt to capital ratio on these financial accounting question?
A: Step 1: Define Book ValueBook value, also known as accounting value, represents the value of assets,…
Q: What was your holding period return for this financial accounting question?
A: Step 1: Define Holding Period ReturnThe return the person gains for holding the stock or investment…
Q: What is the coupon rate on this financial accounting question?
A: Step 1: Define Coupon PaymentA coupon payment is similar to a fixed-interest income and shares the…
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: If a company has total liabilities of solve this general accounting question
A: Step 1: Define Total AssetsIn business, the value of the total assets at at a given point in time…
Q: Solve these general accounting question answer do fast
A: Step 1: Define Free Cash Flow Free cash flow represents the cash generated by a company after…
Q: Dont use ai. give correct answer for this Account assignment questions
A: Step 1: Understanding LCM RuleThe Lower of Cost or Market (LCM) rule requires that for each…
Q: Need solution for this general account query
A: To determine the unit product cost under variable costing, let's break the problem into clear steps.…
Q: Please given answer financial accounting
A: Step 1: Define Payout RatioThe dividend payout ratio is the fraction of earnings that is paid out as…
Q: Henderson Hardware has an roa solve this accounting questions
A: Step 1: Define Return On AssetsReturn on assets compares the tangible assets of a company with net…
Q: Answer??
A: Step 1: Define Average Collection PeriodThe accounts receivables average collection period refer to…
Q: Hi someone tutor can you solve it? subject is account
A: To determine the write-down required using the Lower of Cost or Market (LCM) rule on the basis of…
Q: Hi expert please give me answer general accounting
A: Step 1: Define Direct Labor BudgetThe direct labor budget is part of the master budget and it is…
Q: Hello tutor please provide this question solution general accounting
A: Step 1: Define Equivalent UnitsEquivalent units are the weighted average of the number of units with…
Q: 5 Costs of normal spoilage are usually accounted for as Select one: a. part of the cost of goods…
A: Explanation of Each Option: a. part of the cost of goods manufacturedCorrect AnswerNormal spoilage…
Q: Please solve this question general accounting
A: Step 1: Define High-Low MethodWe use the high-low method to segregate the total costs into variable…
Q: Superior Developers sells lots for residential development. When lots are sold, Superior recognizes…
A: Deferred tax liability (last year): 20 million * 40% $8.00MillionDeferred tax liability (this year)…
Q: Provide correct answer general Accounting
A: DefinitionsAccounts Receivable Turnover:This ratio measures how many times a business collects its…
Q: What amount should axel report?
A: Partnership's Fiscal Year:GNR Partnership uses an August 31 fiscal year-end. This means that the…
Q: Simple and short answer please. #GeneralAccount
A: To calculate the cost per equivalent unit for materials using the weighted-average method, we use…
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: 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: Financial Accounting
A: Step 1: Define Profitability RatiosA profitability ratio measures a company's net income as a return…
Q: Please given correct option general accounting
A: Average Total Assets = (Beginning Total Assets + Ending Total Assets) / 2= ($75,200 + $110,500) / 2…
Q: Please given correct answer general accounting
A: Step 1: Define Accounts ReceivablesAccounts receivables represent the amount that a business ought…
Q: 1 The step-down allocation method Select one: a. recognizes the total amount of services that…
A: The step-down allocation method refers to a technique of cost accounting in which the costs of the…
Q: 18 Which of the following statements is FALSE? Select one: a. The timing of inspection…
A: a. The timing of inspection affects abnormal spoilage amounts.Since the timing of inspections…
Q: Need Answer. Subject:- general account
A: The correct answer is:B) Profit fluctuates with sales. Explanation of Each OptionA) The unit product…
Q: Aerospace Manufacturing recently replaced a piece of machinery at a net price of $4,000, f.o.b.…
A: The cost of the new machine is the sum of the deductible paid by Aerospace ($4,000) and the freight…
Q: Get correct answer general accounting
A: Step 1: Definition of Days Sales Outstanding (DSO)Days Sales Outstanding (DSO) is a financial metric…
Q: help
A: Explanation of Standard Cost: Standard cost is a predetermined cost that represents what a product…
Q: Subject:- Financial Account
A: We need to calculate the production cost per unit under variable costing using the given data. Under…
Q: hrd
A: 1.Bond Issuance:Digital issued bonds with:Face value = $37,000,000Proceeds (cash received) =…
Q: Hi expert please give me answer general accounting
A: Step 1: Define Cost Per Equivalent UnitThe cost per equivalent unit is a measure used in process…
Q: A manufacturing company has annual solution this general accounting question
A: Step 1: Definition of Inventory Turnover RatioThe Inventory Turnover Ratio measures how often…
Q: I don't need ai answer general accounting
A: Step 1: Define Overhead AllocationThe direct materials and direct labor cost per unit for a…
Q: Get correct answer general accounting
A: Step 1: Define High-Low MethodThe high-low method is used to decompose the total costs into fixed…
Q: Provide correct answer
A: Step 1: Define Net Income or LossNet income or loss is determined in the income statement by taking…
Q: Question: Cost Account Beginning inventory Units produced Units sold 5000 20,000 23,700 Cost per…
A: Step 1: Key InformationProduction and Sales Data:Beginning inventory: 5,000 unitsUnits produced:…
Q: Redel inc. Has the following solve this general accounting question
A: Step 1: Define Spending VarianceSpending variance's calculation is the same as the direct labor rate…
Q: I won't this question answer general Accounting
A: Step 1: Define Profit AnalysisIn accounting, profit analysis helps determine a business's financial…
Q: What is the company's average total assets for the year on these general accounting question?
A: the formula for the return on assets is: net income / average total assetshowever, the return on…
Q: Give me correct answer
A: Step 1: Define Cost of Goods SoldThe cost of goods sold can be calculated in many ways, such as by…
Q: Sally is considering opening up a lemonade solve this accounting questions
A: Selling price calculation:= Cost per glass of lemonade + Desired gross profit= $1 + $1.50= $2.50…
Q: Given answer accounting questions
A: Step 1: Define Work-in-Process InventoryThe work-in-process inventory contains the products to which…
Q: LCNRV Questions
A: To calculate the proper unit value for balance sheet reporting using the Lower of Cost or Net…
Q: Question 5.8.23 accounting
A: Explanation of Upstream Transactions:Upstream transactions refer to sales or transfers of goods or…
Q: Mount Incorporated was a hardware store that operated in Boise, Idaho. Management made some poor…
A: Step 1: Identify the total available cash from asset liquidationAccounts Receivable:…
Q: Given answer accounting questions
A: Step 1: Define Fixed Overhead volume varianceFixed overhead volume variance is a part of standard…
Q: Please provide this question answer financial accounting
A: Step 1: Define Price Earnings RatioSome of the key valuation measures are the price-earnings ratio,…
Question 5.8.35 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.Which of the following should be presented in the statement of changes in equity? A. Distributions to owners B. Investments by owners C. Change in ownership interest in subsidiary that does not result in a loss of control D. All of these are presented in the statement of changes in equityThe 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 consolidation
- 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.In finding group retained earnings which of the following items we do not consider ? Parenr retained earnings Subsidiary share of retained earningsat post acquisition Parent share of subsidiary post acquisition profit Parent shareof impairmentThe 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.
- If the entity is using the equity method to account for investment in subsidiary, the entry to recognize dividends received from the subsidiary will: a.Be recognized in profit or loss b.Increase the carrying amount of investment c.Decrease the carrying amount of investment d.Be recognized in other comprehensive incomeBased on which of the following concepts, is share capital account shown on the liability side of a balance sheet? Business entity concept Money measurement concept Cost concept Going concern conceptWhen the income statement includes discontinued operations, which amounts require per share presentation?
- 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 incomeWhen share options issued to employees are exercised, the entity shall make a transfer among equity components do nothing recognize a gain for the unamortized balance recognize a loss for the unamortized balanceThe cost method of accounting for stock Group of answer choices recognizes dividends as income requires the investment to be decreased by the reported net income of the investee is only appropriate as part of a consolidation requires the investment to be increased by the reported net income of the investee
