Describe the concept of a controlling financial interest

Assignment Help Accounting Basics
Reference no: EM133147569

Question - In November 2014, the FASB issued ASU 2014-17, which became effective upon issuance. ASU 2014-17, which was codified into the pushdown accounting subsections of ASC 805-50, now provides both public and nonpublic entities with authoritative guidance on applying pushdown accounting.

Review the textbook information on pushdown accounting from your module resources. Then, for your initial post, address the following:

Describe the concept of a "controlling financial interest."

How does the acquire elect pushdown accounting?

What do you feel is the most important consideration to decide on before making the election?

Reference no: EM133147569

Questions Cloud

What is the initiative paradox : What is the initiative paradox and what are the four ways of resolving it?? APA reference
How should government promote the general welfare : 1. How should government promote "the general welfare"? 2. What welfare programs should exist?
Network infrastructure and operating system processes : Apply industry standard techniques and skills to configure network infrastructure and operating system processes.
Different styles of handbags : Revise or rewrite the following sentences so that they are written with the "you" attitude or written with the audience in mind. **MAKE SURE YOU ARE WRITING WIT
Describe the concept of a controlling financial interest : Review the textbook information on pushdown accounting from your module resources. Describe the concept of a "controlling financial interest."
Elements of the industry marketing mix : Describe the market for your product in your target country. Is it relatively over or underdeveloped vs. Canada? Are there any unique (vs Canada) elements of th
Build internal corporate entrepreneurship : How does a business build internal corporate entrepreneurship? How can a leader build a culture of innovation in a firm?
What is the amount of joint cost applied to the blue pigment : Far Side can sell the red pigment for$15/lb and the blue pigment for $20/lb. What is the amount of joint cost applied to the blue pigment
How many degrees of freedom are in a contingency analysis : How many degrees of freedom are in a contingency analysis with three rows and two columns

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd