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Chapter: 3 / Q: 3.8
What effect do subsidiary treasury stock holdings have at the time the subsidiary is acquired? How should the trea- sury stock be treated on consolidated workpapers?
Chapter: 3 / Q: 3.9
What effect does a noncontrolling interest have on the amount of intercompany receivables and payables eliminated on a consolidated balance sheet?
Chapter: 4 / Q: 4.1
How should nonconsolidated subsidiaries be reported in consolidated financial statements?
Chapter: 4 / Q: 4.2
How are liquidating dividends treated on the books of an investor, assuming the investor uses the cost method? Assuming the investor uses the equity method?
Chapter: 4 / Q: 4.3
How are dividends declared and paid by a subsidiary dur- ing the year eliminated in the consolidated workpapers under each method of accounting for investments?
Chapter: 4 / Q: 4.4
How is the income reported by the subsidiary reflected on the books of the investor under each of the methods of accounting for investments?
Chapter: 4 / Q: 4.5
Define: Consolidated net income; consolidated re- tained earnings
Chapter: 4 / Q: 4.6
On a consolidated workpaper for a parent and its partially owned subsidiary, the noncontrolling interest column accumulates the noncontrolling interests’ share of several account balances. What are these accounts?
Chapter: 4 / Q: 4.7
If a parent company elects to use the partial equity method rather than the cost method to record its invest- ments in subsidiaries, what effect will this choice have on the consolidated financial statements? If the parent company elects the complete equity method?
Chapter: 4 / Q: 4.8
Describe two methods for treating the preacquisition revenue and expense items of a subsidiary purchased dur- ing a fiscal period
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