Assume that a Parent company owns 100 percent of its Subsidiary. On January 1, 2019, the Parent company had $600,000 of bonds payable (par) outstanding with a carrying value of $630,000. The bonds were originally issued to an unaffiliated company. On that same date, the Subsidiary acquired the bonds for $594,000. During 2019, the Parent company reported $270,000 of (pre-consolidation) income from its own operations (i. e., prior to any equity method adjustments by the Parent company) and after recording interest expense. The Subsidiary reported $150,000 of (pre-consolidation) income from its own operations after recording interest income. Related to the bonds during 2019, the parent reported interest expense of $67,500 while the subsidiary reported interest income of $61,500. Determine the following amounts that will appear in the 2019 consolidated income statement:
Answers: 1
Business, 22.06.2019 05:30
In most states, a licensee must provide a(n) of any existing agency relationships to all parties
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Business, 22.06.2019 06:00
List three careers that require knowledge of science. list three careers that require the use of of math. list three careers that require the use of foreign language. list three careers that require the use of good writing skills. list three careers that require the use of good computer skills.
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Business, 22.06.2019 11:30
Leon and sara are arguing over when the best time is to degrease soup. leon says that it's easiest to degrease soup when it's boiling. sara says it's easiest to degrease soup when it's cold. who is correct? a. neither leon nor sara is correct. b. leon is correct. c. both leon and sara are correct. d. sara is correct. student b incorrect which following answer correct?
Answers: 1
Business, 22.06.2019 16:10
The brs corporation makes collections on sales according to the following schedule: 30% in month of sale 66% in month following sale 4% in second month following sale the following sales have been budgeted: sales april $ 130,000 may $ 150,000 june $ 140,000 budgeted cash collections in june would be:
Answers: 1
Assume that a Parent company owns 100 percent of its Subsidiary. On January 1, 2019, the Parent comp...
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