1. In 2016, a wholly-owned subsidiary sold land costing $100,000 to its parent for $140,000. In 2020, the parent sold the land to an outside company for $150,000. On a working paper prepared to consolidate the accounts of the parent and its subsidiary in 2020, the eliminating entry connected with this land sale includes A. no entry; the land is no longer in the consolidated entity B. a $40,000 debit to the investment in subsidiary account C. a $50,000 debit to beginning retained earnings D. a $40,000 credit to gain on sale of land
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Business, 21.06.2019 22:50, carolineepoolee84
The winston company estimates that the factory overhead for the following year will be $1,250,000. the company has decided that the basis for applying factory overhead should be machine hours, which is estimated to be 50,000 hours. the total machine hours for the year were 54,300. the actual factory overhead for the year were $1,375,000. determine the over- or underapplied amount for the year.
Answers: 1
Business, 22.06.2019 19:00, mairadua14
12. to produce a textured purée, you would use a/an a. food processor. b. wide-mesh sieve. c. immersion blender d. food mill.
Answers: 1
Business, 22.06.2019 19:40, yoyo80431
Which term describes an alternative to car buying where monthly payments are paid for a specific period of time, after which the vehicle is returned to the dealership or bought? a. car financing b. car maintenance c. car leasing d. car ownership
Answers: 3
1. In 2016, a wholly-owned subsidiary sold land costing $100,000 to its parent for $140,000. In 2020...
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