In the consolidation journal entry, if the fair value of land is
less than its book value then land will be credited and investment
account will be debited.
True
False

Answers

Answer 1

The statement "In the consolidation journal entry, if the fair value of land is less than its book value then land will be credited and investment account will be debited" is False.

What is consolidation?

Consolidation is the method of integrating the financial results of a parent company and its subsidiaries into a single, combined statement of financial results. In financial accounting, consolidation is the process of combining the financial statements of a parent company and its subsidiaries into a single financial statement called the consolidated financial statement (CFS).

What is the consolidation journal entry?

The consolidation journal entry, also known as a consolidation elimination entry, is used to remove the effects of intercompany transactions and to provide an accurate picture of the parent and subsidiaries' financial results.The entry made at the time of the consolidation is an elimination entry to remove the effect of the intercompany transaction. It includes accounts like Investment in subsidiary, Revenue, and Expenses. If the fair value of land is less than its book value, the land will be debited, and the investment account will be credited.

So, the given statement is False. If the fair value of land is less than its book value, the Land account is debited, and the Investment account is credited in the consolidation journal entry.

Learn more about Consolidation

brainly.com/question/31191667

#SPJ11


Related Questions

Select the correct answer.
Which of the following is a good resource to help you find a job opening?
A.
Employment offices
B.
Online sources
C.
Family, friends, and other contacts
D.
All of the above

Answers

Answer:

D All of the above

Explanation:

25. A sale for which payment will be received at a later date. (p. 18)

Answers

Answer:

sale on account

Explanation:

When a sales is made and payment is expected at a future date, a sales on account occurs, e.g.:

January 2, 2020, 5,000 units sold at $10 each to ABC company, credit terms 2/10, n/30. Cost of goods sold is $30,000

Dr Accounts receivable 50,000 (5,000 x 10)

    Cr Sales revenue 50,000

Dr Cost of goods sold 30,000

    Cr Merchandise inventory 30,000

After the invoice is collected, the journal entry would be:

January 30, 2020, invoice collected from ABC company

Dr Cash 50,000

    Cr Accounts receivable 50,000

before introducing a new product, a prototype is created at the _____ stage.

Answers

Before introducing a new product, a prototype is created at the "development" stage.

This is a crucial step in the product design process, as it allows designers and engineers to test and refine their ideas before moving on to full production. This stage involves designing and building a functional model of the product to test its feasibility, performance, and overall functionality. The prototype allows designers to identify any issues or improvements needed before mass production begins. By creating a prototype, companies can save time and resources, and ensure a higher quality final product.

This critical step in product development helps ensure that the new product meets consumer expectations and provides a solid foundation for its success in the market.

To know more about Product Design visit-

https://brainly.com/question/31781431

#SPJ11

A _____ is a specially packaged item that gives the purchaser a larger quantity at regular price.
a. sample
b. bonus pack
c. rebate
d. premium

Answers

A bonus pack is a specially packaged item that gives the buyer a larger quantity for the regular price. For example, a bonus package of detergent may contain double or triple the amount of detergent compared to a regular size package.

Bonus packs can be a great way for consumers to save money and get more for their money. Bonus packs can also have a longer shelf life than regular size packs, making them a great choice for households that use a lot of a particular product. Some products may even come with coupons or rebates, making them an even better value. Bonus packs are a great way to stock up on products and save money at the same time.

To know more about bonus pack click here

https://brainly.com/question/13494328

#SPJ4

Which management function is involved with monitoring performance, comparing it with goals, and taking corrective action as needed?.

Answers

Controlling management function is involved with monitoring performance, comparing it with goals, and taking corrective action as needed. Read below about management.

What is Management?

Management refers to the process of dealing with or controlling things or people. Management is also the administration of an organization, whether it is a business, a non-profit organization, or a government body. It is the art and science of managing resources of the business.

Therefore, the correct answer is control management.

learn more about Management: https://brainly.com/question/1276995

#SPJ1


Wassup Mrs. Lorenzo?
How is your day going? Mine is going great. I am sitting here in art class and am supposed to be working on a project, but I don't really want to. In fact, I don't really want to be in school. I hate school. My mom makes me go because she says classes like English are "important.” I'm all like "whatevs mom.” English is stoopid. Video games are where it’s at.

Anyway, I was looking online
and it looks like you messed up my grade. You need to change it back immediately or I will get in trouble. Can you explain this. Take care of this asap. Please and thx

can one of y’all help
me rewrite this

Answers

Answer:

Explanation:

before I write it, I don't really know how formal you want this to be....but here's a formal one?

Dear Mrs Lorenzo,

I hope you're having a great day. I am currently in Art class and I should be working on a project, but I don't really want to. In fact, I don't really want to be in school because I don't enjoy it at all. My mother makes me go because classes such as English are "important", but I don't really agree. I don't see the point of English. I would much rather be playing video games.

I was looking online, and i realised that there seems to be an error with my grade. Could you please explain what has happened and correct it? Thank you very much.

Yours sincerely,

whatever your name is

I'm guessing that would be formal enough if it was a school teacher, but I'm surprised you're putting all of this "i hate school" stuff in a letter to your teacher? But hey, if only I could be that frank with my teachers lol

Hope this helped - stay strong through school lol it'll be over one day

Answer:

Explanation:

Dear Mrs Lorenzo,

I hope this letter finds you well. I am currently in Art class and I should be working on a project, but I don't really want to. In fact, I don't really want to be in school because I don't enjoy it at all. My mother makes me go because classes such as English are "important", but I don't really agree. I don't see the point of English. I would much rather be playing video games.

I was looking online, and i realised that there seems to be an error with my grade. Could you please explain what has happened and correct it? Thank you very much.

                                             P.S your my favorite teacher dont tell the others  

Baxter is looking over his monthly budget. Specifically, he's considering the direct deposits that came through this week from his job with a biotech company and from the tenant who rents a small condo that he owns. What kind of money is Baxter reviewing?
A. income
B. inflation
C. personal risk
D. opportunity cost​

Answers

I believe the answer you are looking for is A. Income

Answer:

A, "Income"

Explanation:

Gradpoint

What does the functional organizational structure organize employees by?

Select one:
a. specialty
b. product
c. profit
d. age

Answers

Answer:

D

Explanation:

I hope this is correct and have a great day

why is time the only way to remove negative information from a credit report?

Answers

Time is the only way to remove negative information from a credit report because credit reporting agencies are required by law to maintain accurate and relevant information about an individual's credit history for a specific period.

Negative information on a credit report can include late payments, defaulted loans, or bankruptcies. These details help potential lenders assess an individual's creditworthiness and determine their ability to repay a loan or handle credit responsibly.

The Fair Credit Reporting Act (FCRA) dictates the duration for which negative information should remain on a person's credit report. For instance, late payments, charge-offs, and collection accounts typically stay on the report for seven years, while bankruptcies can remain for up to ten years. This allows for a fair representation of a person's credit history while also giving them a chance to improve their credit score over time.

As time passes, the impact of negative information on a credit score gradually diminishes. Consistently demonstrating responsible credit behavior, such as making timely payments and maintaining low credit utilization, can help improve a person's credit score even while the negative information is still present. Eventually, as the negative information ages and is removed from the credit report, the individual's credit score should see significant improvement, provided they have maintained good credit habits.

In summary, time is the only way to remove negative information from a credit report because it ensures that credit reporting agencies adhere to the FCRA guidelines, which stipulate specific durations for retaining negative credit history. This process allows individuals to rebuild their credit scores by practicing responsible credit behavior over time.

Learn more about credit report : https://brainly.com/question/28651538

#SPJ11

what role of the federal reserve has been cited as contributing to the banking crisis of 2008? it kept the reserve requirement too high. it kept interest rates too high. it kept the cost of borrowing too low. it eliminated the discount rate.

Answers

The federal reserve has been cited as contributing to the banking crisis of 2008 by keeping the cost of borrowing too low. Hence, option D is appropriate.

What is the Federal reserve?

To guarantee that the financial system supports a strong economy for American people, communities, and businesses, the Federal Reserve analyzes financial sector risks and actively participates at home and abroad.

The Federal Reserve System is governed by the Board of Governors, which is based in Washington, D.C. Seven people referred to as "governors," would be chosen either by the American president but also confirmed in their positions or by the American senate in charge of it.

The Fed is the main regulator overseeing banks that are participants within Federal Reserve System and has considerable authority to take action to promote financial stability. It serves as the member institutions' last-resort lender when they have nowhere else to turn for financing.

Hence, option D is correct.

Learn more about the Federal reserve here:

https://brainly.com/question/23247429

#SPJ1

in a decision is a restriction placed on potential solutions to a problem, such as limit on time or money.

Answers

Restrictions in decision-making are limitations that help narrow down potential solutions to a problem. These restrictions can involve factors like time, money, resources, or any other relevant constraints.

In a decision-making process, a restriction is a limitation placed on potential solutions to a problem. These restrictions can include limitations on time, money, resources, or any other factors that may impact the available options. The purpose of these restrictions is to narrow down the choices and guide the decision-making process toward a feasible and realistic solution.

For example, let's consider a business trying to decide on a marketing strategy for a new product. The decision-makers may have a limited budget for advertising and promotion. This financial restriction would influence their choices and potentially eliminate certain expensive marketing channels or strategies that are not within the allocated budget.

Similarly, time can be a restriction when making decisions. For instance, if a company needs to launch a new product before a specific deadline, the decision-makers must consider the time constraints and select a solution that can be implemented within the given timeframe.

To learn more about decision-making

https://brainly.com/question/1249089

#SPJ11

After the product is developed the detergent company researches what their
competitors are charging for the product. Which of the 4 P's would this best
describe?
Place
Product
Promotion
Price

Answers

the answer is price

Explanation:

they are making sure who charges what

Answer:

the answer is price

Explanation:

you are welcome

What should you, the worker, be aware of with regard to evacuation procedures at your workplace?
(select two answers)
(a) when you get back into the building
(b) evacuation plans
(c) what to do when the emergency has passed
(d) how long the emergencies will last

Answers

With regard to evacuation what one has to be aware of would be

evacuation planshow long the emergencies will last

What is meant by evacuation?

This is the term that is used to refer to all that would have to be done in order to get all the occupants of a building out of it due to an emergency that is occurring in the building. The need for evacuation is often due to emergency that could cause a loss of life. An example of such incidence would during a fire outbreak.

Hence we can say that With regard to evacuation what one has to be aware of would be

evacuation planshow long the emergencies will last

Read more on evacuation here: https://brainly.com/question/19601851

#SPJ1

Price elasticity of demand is closely related, but not the same as the slope of the demand curve. The more sensitive buyers are to changes in price the
O the more the demand curve will shift
O demand curve becomes more curved and less linear
O the flatter the demand curve. dhe

Answers

Price elasticity of demand measures the responsiveness of the quantity demanded to changes in price, while the slope of the demand curve represents the rate at which quantity demanded changes with a change in price. Although they are related, they are not the same concept.

Price elasticity of demand is a numerical value that quantifies the percentage change in quantity demanded resulting from a percentage change in price. It provides insights into the sensitivity of buyers to price changes. If the price elasticity of demand is greater than 1, demand is considered elastic, indicating that buyers are highly responsive to price changes. If the value is less than 1, demand is inelastic, suggesting that buyers are less sensitive to price changes.

On the other hand, the slope of the demand curve indicates the steepness or flatness of the curve. A steeper slope implies that a small change in price leads to a relatively larger change in quantity demanded, indicating inelastic demand. In contrast, a flatter slope indicates that a small change in price results in a relatively larger change in quantity demanded, indicating elastic demand.

In summary, while price elasticity of demand measures the responsiveness of quantity demanded to price changes, the slope of the demand curve reflects the rate at which quantity demanded changes with a change in price. The flatter the demand curve, the more sensitive buyers are to changes in price, indicating a higher price elasticity of demand.

To Learn more about elasticity  Click this!

brainly.com/question/14333119

#SPJ11

The previous graph you constructed should show that net exports from Japan would be negative if the price of yen increased to a high enough level,
such as an amount greater than $10 per 1,000 yen. If you convert this price into the form typically quoted in the newspaper, this price corresponds to_____yen per dollar.

Answers

Answer:

0.1 yen per dollar?  if i got it wrong sorry

Explanation:

Since 10 divided by 1000 would be 0.1 yen wait is it the other way around?

"Can
someone help me work through this?
Estrada Corporation produced 215,000 watches that it sold for \( \$ 17 \) each. The company determined that fixed manufacturing cost per unit was \( \$ 8 \) per watch. The company reported a \( \$ 645"

Answers

Sure, I'd be happy to help you work through this problem! Based on the information provided, we can calculate the total revenue,

total fixed manufacturing cost, and profit for Estrada Corporation.

To calculate the total revenue, we multiply the number of watches sold (215,000) by the selling price per watch (\$17):


Total revenue = 215,000 watches * \$17/watch = \$3,655,000.

The fixed manufacturing cost per unit is given as \$8 per watch. To find the total fixed manufacturing cost,

we multiply the fixed manufacturing cost per unit (\$8) by the number of watches produced (215,000):
Total fixed manufacturing cost = \$8/watch * 215,000 watches = \$1,720,000.

Lastly, we can calculate the profit by subtracting the total fixed manufacturing cost from the total revenue:


Profit = Total revenue - Total fixed manufacturing cost = \$3,655,000 - \$1,720,000 = \$1,935,000.

Therefore, the company reported a profit of \$1,935,000.

To know more about provided visit:

https://brainly.com/question/30600837

#SPJ11

Write any five methods of getting information of foreign employment and discuss any one of them.​

Answers

Answer:

May it will help you

Explanation:

1) Notice board

2) Book of introduction

3) Institutions work working under the ministry of labour

4) Authority of human resources

5) Manifestos of training institutions

6)Web site

7) Newspapers

8) Public meeting :the manpower company, training institutions and institutions of public counseling are working in the field of foreign employment in nepal.

They come to the direct or indirect contact of people through various programmes of interaction, seminar, and meeting.

9)Radio and television

Foreign employment getting information through Notice board, Book of introduction, Authority of human resources, Web site, and Newspapers.

Who is Foreign employment?

Public meeting: When the manpower company, training institutions, and institutions of public counseling are working in the field of foreign employment in Nepal.

Although, They come to direct or indirect contact with people through various programs of interaction, seminars, and meetings.

Also, Foreign employment getting information through Institutions work working under the ministry of labor, Manifestos of training institutions, Radio, and television

Find more information about Foreign employment here:

https://brainly.com/question/10512840

como hacen las siclas para que uno no se caiga

Answers

con materials duro que aguantan bastante peso.

Answer:

lo que dijo thay

Explanation:

Isa bought goods on credit from Ammar. The goods had a list price of $1000 but Ammar allowed Isa trade discount of 10% and cash discount of 4%.
How much did Isa have to pay Ammar?

Answers

Answer:

$600 correct me if im wrong

the petty cash fund is not a.established by estimating payments needed. b.a special cash fund. c.a bank checking account. d.used to pay small amounts that occur often.

Answers

The petty cash fund is not a bank checking account. Option C

What is a petty cash fund?

Generally, A company's petty cash reserve is a small sum of cash that is often kept on hand (for example, in a locked drawer or box) to pay for inconsequential or incidental charges.

These types of costs include employee reimbursements and office supply purchases.

In conclusion, The transactions that take place with a petty cash fund will be documented on the financial statements and will be subject to periodic reconciliation.

Read more about petty cash fund

https://brainly.com/question/15170353

#SPJ1

On November 1, Jovel Company loaned another company $100,000 at a 6% interest rate. The note receivable plus interest will not be collected until March 1 of the following year. The company's annual accounting period ends on December 31. The amount of interest revenue that should be reported in the first year is:

Answers

The amount of interest revenue that will be recorded in the books of Jovel Company as on December 31 will be $1,000.

What is interest revenue?

The revenue which is generated by a company by the way of earnings made through interest over debts during a financial period is known as an interest revenue.

Using the above information, it can be ascertained that the total interest revenue over a loan of $100,000 will be $6,000, however, it was issued on November 1, and accounts close on December 31, so the interest revenue for 2 months will be computed as under,

\(\rm Interest\ Revenue\ for\ 2\ Months= \dfrac{Total\ Interest\ Revenue}{12}\ x\ No.\ of\ Months\\\\\rm Interest\ Revenue\ for\ 2\ Months= \dfrac{6000}{12}\ x\ 2\\\\\rm Interest\ Revenue\ for\ 2\ Months= \$1000\)

Thus, the interest revenue has been computed as above.

Learn more about interest revenue here:

https://brainly.com/question/19165765

#SPJ1

The account holder of a checking account is referred to as the _________ on a written check.
a. Payee
b. Drawee
c. Drawer
d. Authorized user

Answers

It would be A. Payee
Explanation:
“A payee is a person to whom money is paid or is to be paid, especially the person to whom a check is made payable” - Oxford

Which security term is used to describe the likelihood of a threat to exploit the vulnerability of an asset, with the aim of negatively affecting an organization? Vulnerability
Threat
Exploit
Risk

Answers

The security term is used to describe the likelihood of a threat to exploit the vulnerability of an asset, with the aim of negatively affecting an organization is Risk. Thus option D is correct.

What is an asset?

A resource of the business which has an economic value in the future to the business which helps business activities to take place smoothly is considered as an asset.

The definition of risk is the possibility that something bad might happen or any uncertainty that might disturb or affect a person's well-being or an asset in terms of physical harm or monetary loss.

Therefore, option D is appropriate.

learn more about risk, here:

https://brainly.com/question/27754423

#SPJ1

what is Revenue ???

Answers

Answer:

Revenue is the total amount of income generated by the sale of goods or services related to the company's primary operations. Revenue, also known as gross sales, is often referred to as the "top line" because it sits at the top of the income statement. Income, or net income, is a company's total earnings or profit.

Explanation:

Not my answer

Answer:

\(\huge \color {gold} \boxed { \colorbox {black}{ ANSWER }}\)

Revenue is the money generated from normal business operations, calculated as the average sales price times the number of units sold.

what are the Business Activities ?​

Answers

Answer:

There are three main types of business activities: operating, investing, and financing. The cash flows used and created by each of these activities are listed in the cash flow statement.

Answer:

There are three main types of business activities: operating, investing, and financing. The cash flows used and created by each of these activities are listed in the cash flow statement.

A polar bond is a covalent bond in which there is an electronegativity difference between the two bonded atoms and electrons are shared unequally. The atom with the higher electronegativity will have a partial _____ charge and is marked with the symbol _____ while the atom with the lower electronegativity will have a partial _____ charge and is marked with the symbol _____.

Answers

The atom with the higher electronegativity will have a partial negative charge and is marked with the symbol δ− while the atom with the lower electronegativity will have a partial positive charge and is marked with the symbol δ+ .

The electrons in pure covalent bonds are distributed equally. One atom pulls on the electrons with a stronger force than the other in polar covalent bonds, resulting in an unequal distribution of electrons.

A bond is deemed to be non-polar covalent if the difference in electronegativity between the two bound atoms is less than 0.5. The electrons of each atom are drawn to it in roughly equal numbers, which causes them to spend the same amount of time around each atom.

Read more about electronegativity at

https://brainly.com/question/13324455

#SPJ4

which personal influence is described as a process by which a consumer identifies, organizes, and interprets information to create meaning?

Answers

The personal influence that is described as a process by which a consumer identifies, organizes, and interprets information to create meaning is called perception.

Perception refers to how individuals select, organize, and interpret sensory stimuli from their environment to form their understanding and meaning of the world around them. It involves the process of sensing, attending to, and comprehending information to create perceptions or mental representations. In the context of consumer behavior, perception plays a crucial role in how consumers perceive and interpret marketing stimuli such as advertisements, product packaging, brand messages, and other sensory cues. Consumer perception influences their attitudes, beliefs, and purchasing decisions.

Learn more about perception here:

brainly.com/question/32315485

#SPJ11

do this document and I will give you 100 points send it back to me completed all the directions are on here.

Answers

Answer:

I like chicken

Explanation:

A health and fitness startup company goes for an initial public offering. For assistance, it enters into a firm commitment arrangement with an investment bank. As per the agreement, the investment bank itself will purchase all the shares at a specified price. This will guarantee that the company will receive a fixed amount of new funds. This scenario exemplifies a(n) _____.

Answers

Answer:

"Underwriting " is the correct answer.

Explanation:

Underwriting seems to be the mechanism whereby an entity or organization assumes an investment burden at a cost, is indeed the mechanism for a mortgage company to determine the danger of extending credit to customers.The above word stemmed from the custom of making increasing uncertainty-taker put their names below the total degree of responsibility individuals were inclined to acknowledge for something like a defined bonus.

So that the above is the appropriate answer.

Explain one possible stakeholders conflict
that could exist between employees
and owners of a business (3 Mark)

Answers

Mark as brainiest

Answer:

Owners want high profits

Other Questions
The set of integers greater than -7 but less than 7 How old is the universe? What is the expected standard deviation of stock A's returnsbased on the information presented in the table? OutcomeProbability of outcome Stock A return in outcome :Good 16% 65.00%Medium 51% 17.0 What are physical objects that can be for used for consumption?O A. PropertiesB. ConsiderationsC. ServicesD. GoodsYour answer is D a global capital market benefits borrowers by lowering the cost of capital and multiple choice minimizing or eliminating tax liabilities. diversifying their risk. increasing the supply of funds available for borrowing. providing a wider range of investment opportunities. I would appreciate the help on this problem. A. 6B. 10C. 12D. None of the above what is the answer? 5 points who says the right answer.thank you. the pseudostratified ciliated columnar epithelia (pcce) that line portions of the respiratory system are unique because: Calculate the molarity (M) of the solution, the A13+ ions and the NO3-ions in solution when5.00 g of Al(NO3)3 is dissolved in 25.0 mL of H20.M AI(NO3)3MA13+M NO3 Do you think any one particular event was decisive in drawing the United States into war? Explain. help me solve this one! please. thank u. We noted that 70% of the customers want text messaging, 82% want photo capability, and 60% want both. What are the probabilities that a person who wants text messaging also wants photo capability and that a person who wants photo capability also wants text messaging? during the first phase of the general adaptation syndrome (gas), the _____ is suddenly activated. All 6 members of a family work. Their hourly wages (in dollars) are the following.37, 38, 39, 40, 39, 11Assuming that these wages constitute an entire population, find the standard deviation of the population. Round your answer to two decimal places. Read the passage from Ronald Reagan's "Tear Down This Wall" speech.Perhaps this gets to the root of the matter, to the most fundamental distinction of all between East and West.Who is Reagan's intended audience for this part of his speech?a. American historians and educators b. European trade unionists democratic c. Germans free markets in the South Pacific Someone help me with this question 2. What were the key physical attributes of the islands that Columbus noted? Help me with the questions please Directions: Read the paragraphs below. Then choosethe best main idea from the multiple choice options. Highlight or underline one supporting detail in the text. An example has been done for you. What is (-6,3) reflected across the x axis The addition of 1 mole of HF to enough water to make 1 L of solution can be turned into an ideal buffer solution with the addition of which of the following? (Choose all that apply)