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Questions -
Q1. In 2012, parent reports Cost of Goods Sold of $4,000,000. Its 90% owned subsidiary reports Cost of Goods Sold of $1,000,000 in 2012. During 2011 the subsidiary had $60,000 of unrealized gains on intercompany sales to its parent. In 2012, the subsidiary had sold $200,000 of goods to its parent and had $30,000 of unrealized gains. How much is consolidated cost of goods sold in 2012.
Q2. Same facts as question 1. Assume in 2012 the subsidiary had net income of $150,000. What is the non-controlling interest in subsidiary net income in 2012?
the following information was gathered from the books of abc company in order to prepare its bank reconciliation
Charter Corporation, which began business in 2013, appropriately uses the installment sales method of accounting for its installment sales. The following data were obtained for sales during 2013 and 2014
Discuss the various divisions and departments that would be found in a Macy's Department Store
cvp analysis profit equation lo 3 clydes marina has estimated that fixed costs per month are 300000 and variable cost
Calculate the budgeted cost of the Sentinel Communications job. How much will Frontier bid for the job if it is to earn its target operating income of 10%.
the amount that should be reported of cash under cash flows from investing activities is
The balance in prepaid insurance is a one-year premium paid on June
Compute depreciation expense under each of the following methods. Crane is on a calendar-year basis ending December 31
top executive officers of leach co. a merchandising firm are preparing the next years budget. the controller has
in 2010 jacks art gallery sold 200 original works of art for 1240520. the gallery acquired the works sold for 530000.
Prepare a journal entry for the taxes of Winston County's General Fund on July 1, 2005, the date on which the property taxes for the fiscal ending June 30, 2006, were billed to taxpayers.
Current information for the Austin Company follows
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