Question

In: Finance

Match the items below by entering the appropriate code letter in the space provided. 1. Valuation...

Match the items below by entering the appropriate code letter in the space provided.

1.

Valuation allowance account.

2. Amount for which a security could be sold.
3. Ownership of more than 50% of another company’s common stock.
4. Securities that may be sold in the future.
5. Investments that are not readily marketable and not intended to be converted into cash within the next year.
6. Financial statements that present the total assets and liabilities controlled by the parent and the total revenues and expenses of the subsidiary companies.
7. The Stock Investments account is adjusted for net income and dividends received.
8. A company that owns more than 50% of the common stock of another entity.
9. Entity whose stock is owned by the parent company.
10.

An account that is reported in the stockholders’ equity section.

The answers are: Subsidiary Company

Controlling Interest

Equity Method

Unrealized Gain or Loss -Equity

Fair Value

Consolidated Financial Statements

Parent Company

Fair Value Adjustment

Long-term investments

Available-for-sale securities

Solutions

Expert Solution

1.   Valuation allowance account. Fair Value Adjustment
2.   Amount for which a security could be sold. Fair Value  
3.   Ownership of more than 50% of another company’s common stock. Controlling Interest  
4.   Securities that may be sold in the future. Available-for-sale securities  
5.   Investments that are not readily marketable and not intended to be converted into cash within the next year.   Long-term investments
6.   Financial statements that present the total assets and liabilities controlled by the parent and the total revenues and expenses of the subsidiary companies.   Consolidated Financial Statements
7.   The Stock Investments account is adjusted for net income and dividends received. Equity Method  
8.   A company that owns more than 50% of the common stock of another entity.   Parent Company
9.   Entity whose stock is owned by the parent company. Subsidiary Company  
10.   An account that is reported in the stockholders’ equity section. Unrealized Gain or Loss -Equity


Related Solutions

EXERCISE 1 Match the items below by entering the appropriate code letter in the space provided....
EXERCISE 1 Match the items below by entering the appropriate code letter in the space provided.           A.    Bond certificate                                      F.    Payout ratio           B.    Market interest rate                                G.    Declaration date          C.    Discount on bonds payable                   H.    Legal capital          D.    Face value                                             I.      Treasury stock           E.    Maturity date                                         J.     Cumulative dividend _------_ 1. Occurs when the contractual rate of interest is less than the market rate of interest. -------     2. A legal document that indicates the face...
Match the items below by entering the appropriate code letter in the space provided.     Bond...
Match the items below by entering the appropriate code letter in the space provided.     Bond certificate                                      F.    Payout ratio     Market interest rate                                G.    Declaration date     Discount on bonds payable                   H.    Legal capital     Face value                                             I.      Treasury stock     Maturity date                                         J.     Cumulative dividend _------_ 1. Occurs when the contractual rate of interest is less than the market rate of interest. -------     2. A legal document that indicates the face value of the bonds and other data....
Match the items below by entering the appropriate answer letter choice from the column provided on...
Match the items below by entering the appropriate answer letter choice from the column provided on the right. 1.Net income retained in the corporation. 2. Creditors cannot go after stockholder’s personal assets to satisfy their claims.    3. Retained earnings currently unavailable for dividends.    4. A corporation’s own stock that has been reacquired by the corporation. 5. Responsible to stockholders for corporate activity.    6. The amount assigned to each share of stock in the corporate charter. .   ...
Cardiac Physiology Prelab Match the following placing the letter in the appropriate space. Place your name...
Cardiac Physiology Prelab Match the following placing the letter in the appropriate space. Place your name of this sheet before submitting A complete heartbeat represents Auscultation A recording of heart activity AV node Amount of blood pumped out of the heart per beat Bundle branches Represents ventricular repolarization Cardiac cycle Difference between systolic and diastolic pressure Cardiac output Maximum ventricular pressure at contraction Diastolic Responsible for ventricular contraction EKG Nerve fibers that penetrate into the ventricular muscle Mean arterial pressure...
Cardiac Physiology Prelab Match the following placing the letter in the appropriate space. Place your name...
Cardiac Physiology Prelab Match the following placing the letter in the appropriate space. Place your name of this sheet before submitting A complete heartbeat represents Auscultation A recording of heart activity AV node Amount of blood pumped out of the heart per beat Bundle branches Represents ventricular repolarization Cardiac cycle Difference between systolic and diastolic pressure Cardiac output Maximum ventricular pressure at contraction Diastolic Responsible for ventricular contraction EKG Nerve fibers that penetrate into the ventricular muscle Mean arterial pressure...
Match the following. Place letter answer in space provided at left. Answers may be used more...
Match the following. Place letter answer in space provided at left. Answers may be used more than once or not at all A second messenger ADH chemical needed to convert glucose to ATP Antagonistic chemicals that exert effects on the same cells that secrete them autocrines Effect of an increase in one hormone causing a decrease in another Calcitonin Effect of an increase in one hormone causing an increase in another Corpus luteum Effect where hormones are released via nerve...
Valuation on the Balance Sheet. Assign the most appropriate valuation using the items below: ­­­___Bonds Payable...
Valuation on the Balance Sheet. Assign the most appropriate valuation using the items below: ­­­___Bonds Payable (2 months) 1 Cash realizable value ___Prepaid Expenses 2 Lower of cost or market/FMV ___Land (in use) 3 Historical Cost ___Plant, Property and Equipment 4 Price Paid (cost), less allocated or expired costs, otherwise known as unallocated cost ___Patent that was purchased 5 Face less unamortized premium or discount ___Treasury Stock 6. Par ___Accounts Receivable ___Bonds Payable (20 years) ___Common Stock, $1 par ___Inventory...
The project includes 10 required items. Complete required items 1 - 10 by entering the appropriate...
The project includes 10 required items. Complete required items 1 - 10 by entering the appropriate accounting information in your template.Please use your name as the name of the company for the purpose of completing titles in your excel documents (Ex. John Smith, Inc.).After completing items 1 - 10 save your final template using the following name format: ACCT_Project_Yourfirstname_Yourlastname, Example: ACCT_Project_John_Smith. QUESTION 1 Required: #1. Prepare journal entries to record the December transactions in the General Journal Tab in the...
Match the following aqueous solutions with the appropriate letter from the column on the right. 1)...
Match the following aqueous solutions with the appropriate letter from the column on the right. 1) 1. 0.25 m NaNO3 A. Lowest freezing point 2. 0.22 m KOH B. Second lowest freezing point 3. 0.16 m Pb(NO3)2 C. Third lowest freezing point 4. 0.41 m Glucose(nonelectrolyte) D. Highest freezing point 2) 1. 0.22 m CuSO4 A. Lowest freezing point 2. 0.14 m MgI2 B. Second lowest freezing point 3. 0.16 m K2CO3 C. Third lowest freezing point 4. 0.50 m...
1. Match the following aqueous solutions with the appropriate letter from the column on the right....
1. Match the following aqueous solutions with the appropriate letter from the column on the right. 1. 0.16 m CrCl2    A. Highest boiling point 2. 0.13 m Cr(NO3)3 B. Second highest boiling point 3. 0.15 m MnCl2 C. Third highest boiling point 4. 0.43 m Glucose(nonelectrolyte) D. Lowest boiling point 2. Match the following aqueous solutions with the appropriate letter from the column on the right. 1. 0.11 m Cr(CH3COO)3    A. Highest boiling point 2. 0.24 m CuSO4...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT