Business, 10.04.2020 22:56 tasnimsas3

An intra-entity transfer of a depreciable asset took place whereby the transfer price exceeded the book value of the asset. Which statement is true with respect to the year following the year in which the transfer occurred?

A. A worksheet entry is made with a debit to gain for an upstream
B. A worksheet entry is made with a debit to investment in subsidiary for a downstream transfer when the parent uses the equity method. No worksheet entry is necessary.
C. A worksheet entry is made with a debit to retained earnings for a downstream transfer, regardless of the method used account for the investment.
D. A worksheet entry is made with a debit to gain for a downstream transfer.

Answers: 2

Show answers

Other questions on the subject: Business

Business, 22.06.2019 10:30, SuBzErO24

Which maxim is being neglected in the following conversation? eli: how did you do at the track meet? caleb: i came in second place! eli: congratulations! what was your time? caleb: six minutes, four seconds. the guy who won only beat me by three seconds. eli: really? katie said the winning time was under 6 minutes. caleb: oh, well, he might have beat me by five seconds. a)maxim of quantity b)maxim of quality c)maxim of relevance d)maxim of manner

Answers: 1

continue

Business, 22.06.2019 22:00, indya2

Suppose that with a budget of $110, deborah spends $66 on sushi and $44 on bagels when sushi costs $2 per piece and bagels cost $2 per bagel. but then, the price of bagels falls to $1 per bagel.

Answers: 3

continue

Business, 23.06.2019 00:00, makayyafreeman

According to the video, the gross national product had declined from $104 billion in 1929 to about in 1933.

Answers: 2

continue

Business, 23.06.2019 01:10, DarcieMATHlin6217

Match the steps for conducting an informational interview with the task involved in each step or its purpose. 1. research your chosen career field. 2. identify someone to interview. 3. prepare for the interview. 4. conduct the informational interview. 5. follow up with your interviewer. a. learn more about a company that interests you. b. encourage the interviewer to do most of the talking while you take notes. c. write a handwritten -you letter to express that you want to stay in touch. d. make contact through email, a phone call, or mail to arrange the meeting. e. choose a conservative, professional ensemble to wear.

Answers: 3

continue

You know the right answer?

An intra-entity transfer of a depreciable asset took place whereby the transfer price exceeded the b...