journals are recorded in the DR/CR columns Where there are a large number of journals it is common to number them 1‚2‚3 etc Purpose- to remove the parent’s investment in the subsidiary and the effect of all inter-entity transactions so that the final column shows an “external view” The consolidation process Consolidation worksheets (2) • Before consolidating‚ it may be necessary to adjust subsidiary’s financial statements where: 1. the subsidiary’s balance date is different to the parent’s
Premium Balance sheet Generally Accepted Accounting Principles Goodwill
Final Review Sheet 1. A 2-for-1 stock split will: A. Increase the total par value of the stock and increase the number of shares outstanding. B. Decrease the total par value of the stock and increase the number of shares outstanding. C. Not change the total par value of the stock and increase the number of shares outstanding. D. Increase total stockholders’ equity. 2. 73. Which statement is true about a stock split? A. Total shareholders’ equity increases. B. Total shareholders’ equity decreases
Premium Balance sheet Stock market Generally Accepted Accounting Principles
ACCT 2102 Summer 2010 Final Exam – Version A Name:___________________________ Instructor:________________________ The exam is 42 questions worth 7.5 points apiece. Maximum score is 300 SELECT THE BEST ANSWER. MARK THE SCANTRON WHEN YOU ARE COMPLETELY FINISHED (to avoid erasures). ANSWERS RECORDED ON THE SCANTRON ARE FINAL. THE BOOK EXHIBIT OF IMPORTANT FINANCIAL RATIOS IS ATTACHED TO THIS EXAM. USE THESE RATIOS FOR THE EXAM CALCULATIONS. Use the information for Pets‚ Inc. (provided separately)
Premium Balance sheet Generally Accepted Accounting Principles Depreciation
PED 212 Section 1 1. Kindergarten 2. Kindergarten 3. 14 4. Kickball 5. Personal Health and fitness‚ A safe and healthy environment‚ and resource management. Section 2 1. As result of this lesson‚ students will be able to demonstrate the following concept understand what kickball is. They will also be able to learn to take turns. The last thing that they will be able to understand about listening. 2. I will chose two teams and split them evenly. The rules for kickball are closely
Premium Baseball
strong) o Long-run growth shows the steady growth of the economy - First indicator of good macroeconomic performance‚ rising living standards and low fluctuations in the shortrun business cycle is the nation’s GDP. - Definition: the market value of final goods and services produced in a country during a given period. DECONSTRUCTING DEFINITION “During a given period” - Every quarter - Flow variable – measured over a period time o In short run: GDP fluctuates‚
Premium Inflation Economics Supply and demand
Chapter 1. 5. What does the statement “costs can be assets or expenses” mean? 6. Why are the salaries of production workers accumulated in an inventory account instead of being expensed on the income statement? 7. How do product costs affect the financial statements? How does the classification of product cost (as an asset vs. an expense) affect net income? ATC 1-1 | Business Applications Case | Financial versus managerial accounting | The following information was taken from the 2008
Premium Costs Management accounting Cost
131 Chapter 9 Notes – Sentencing. Chapter Summary The text discusses several important aspects of sentencing in Chapter 9; it also describes five goals of contemporary sentencing: retribution‚ incapacitation‚ deterrence‚ rehabilitation‚ and restoration. Retribution corresponds to the just deserts model of sentencing and is best understood from the biblical reference to “eye for an eye‚ tooth for a tooth.” Incapacitation seeks to isolate offenders from society. Deterrence‚ both specific and general
Free Parole Crime
LAW 421 - QUIZ 3 CONTRACTS AND AGENCY Save this quiz on your computer and work on it during the remainder of the week. Make sure to save your results each time you make a change as well as save the quiz with your final answers. There are 25 multiple-choice questions. Identify the letter of the choice that best answers the question. When you are sure that you have answered all the questions to the best of your ability‚ mark your answers on the Answer Sheet provided. Click the Assignment
Premium Contract
Government 2301 Final Review 1. Define liberal‚ moderate‚ conservative. - Liberals: one who favors governmental involvement in the economy and in the provision of social services and who takes an activist role in protecting the rights of women‚ the elderly‚ minorities‚ and the environment. - Conservatives: one who believes that a government is best that governs least and that big government should not infringe on individual‚ personal‚ and economic rights. - Moderate: A person who takes a relative
Premium United States Constitution
Taxation law – Final Notes General Deductions Section 8-‐1(1) (1) You can deduct from your assessable income any loss or outgoing to the extent that: (a) it is incurred in gaining or producing your assessable income; or
Premium Money Tax Expense