Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
If a company owns over 50 percent of another company (subsidiary), the financial statements of the two entities are consolidated into one larger entity. For example, the 2008 financial statements of Verizon Communications, Inc. include the financial statements of Verizon Wireless, the cellular phone operator, owned 55 percent by Verizon Communications and 45 percent by Vodafone. Vodafone's interest in the assets and liabilities reported on Verizon's balance sheet are represented in an account on the balance sheet called "minority interest" (noncontrolling interest) in the amount of approximately $37 billion, which is over 18 percent of Verizon's total assets.
REQUIRED:
a. Explain how noncontrolling interest ends up on the balance sheet.
b. Discuss whether it should be classified as an asset, a liability, or a shareholders' equity item.
Suppose hockey skates sell in Canada for 105 Canadian dollars, and 1 Canadian dollar equals 0.71 U.S. d ollars. If purchasing power parity (PPP) holds, what is the price of hockey skates in the United States?
Using taxable equivalent yield concept, you are to help the ACG advisor describe to Beth why the FGR bond investment could offer a higher yield and lower risk. Make sure that you present the information in as simple a manner as possible without le..
A loan of $7,520 is to be repaid over seven years with monthly payments and an interest rate of 19.0827%, compounded annually. Set up an amortization schedule for the first two payments and the last two payments.
Using your own organization or an organization with which you are familiar, develop a report in which you outline a plan to implement enterprise risk management based on the Committee of Sponsoring Organizations of the Treadway Commission
the equity method of accounting for long-term investments in stock should be used when the investor has significant
A company profile is a concise description of a company including information regarding 1) company history, 2) product or service summary3) information regarding human,
a recent gallup poll poll analyses may 22 2002 revealed that 81 of americans say they have a credit card. you randomly
What was the impact of the near failure of Bear Stearns and the failure of Lehman Brothers on Money Markets? What actions did the Federal Reserve and the Treasury Department take? What were the impacts of the decisions if any?
Should summarize and analyze the main points put forward by the author(s). Do you agree or disagree with the author, and what is the basis for your position? Exceptional work would include additional research and thoughtful synthesis of the authors’ ..
How large must the single deposit today into an account paying 8% annual interest be to provide for full coverage of the anticipated budget shortfalls? What effect would an increase in your earnings rate have on the amount calculated in part a?
what impact has social media had on your financial decisions and how could credit unions utilize these tools to help
the sec requires companies to submit statutory financial reports on both a quarterly and an annual basis. the quarterly
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!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd