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How should
a. If it is held 100 percent by the parent.
b. If it is held 50 percent by the parent and 50 percent by outside interests
c. If it is held 100 percent by outside interests.
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- 03) Which of the following journal entry formats is appropriate under the equity method of accounting to record the parent company's share of a subsidiary's dividend declaration? Select one: 1 O b. ll Oc. III Od. IV 1. Intercompany Dividends Receivables Investment in Subsidiary Common Stock Cash Intercompany Dividend Revenue Intercompany Dividends Receivable intercompany Dividends Revenue Investment on Subsidiary Common Stock Intercompany Dividend RevenueWhich of the following items is not presented under the equity section of the statement of financial position? Share options outstanding Share warrants outstanding Share appreciation rights payable Share dividend payable/distributableWhich one of the following is correct to calculate the percentage shareholding of the parent? 1. The number of shares issued by subsidiary are divided by share capital of the parent company? 2. The number of shares issued by a subsidiary are divided by the share capital of the subsidiary 3. The investment by a parent in a subsidiary are divided by the share capital of the subsidiary 4. The number of shares acquired by a parent in a subsidiary are divided by the number of shares issued by the subsidiary
- The par value of ordinary share capital represents a. The amount received by the corporation when the share was originally issued. b. The book value of the share capital c. The liquidation value of the share capital d. The legal nominal value assigned to the share capitalrdinary share capitalOrdinary share capitalWhich of the following items would not form part of the shareholders' equity of a company on the statement of financial position? Select one: a. Retained profits b. Trade payables c. Share premium d. Ordinary share capitalWhen a subsidiary has preferred stock that is convertible into subsidiary common stock, the parent's equity in the subsidiary's diluted earnings is calculated by the number of Select one: a. subsidiary common shares held by the parent times the subsidiary's diluted EPS figure. b. parent shares into which the subsidiary's dilutive securities can be converted times the parent's basic EPS figure. c. parent shares into which the subsidiary's dilutive securities can be converted times the subsidiary's basic EPS figure. d.subsidiary shares into which the subsidiary's dilutive securities can be converted times the subsidiary's basic EPS figure.
- In consolidated financial statements, it is expected that: A. Retained earnings equals to the sum of controlling interest separate retained earnings and non-controlling interest separate retained earnings. B. Ordinary share equals to the sum of parent’s ordinary share and subsidiary’s ordinary share. C. Net income equals to the sum of the income distributed to the controlling interest and distributed to non-controlling interest. D. Dividends declared equals the sum of the total parent company’s declared dividends and the total subsidiary’s declared dividends.1. Shares issued in connection with business combination are recorded at: A discount A premium Fair value Par value 2. Indirect costs related to acquisition of another entity is treated as An expense An investment account Share capital Share premium 3. The cost of registering equity securities in a business combination should be capitalized debited to share premium expensedWhen a small, share capital dividend is declared, Retained Earnings is debited for the a. par value of the share capitalb. fair market value of the share capital on the date of recordc. fair market value of the share capital on the date of declarationd. fair market value of the share capital on the date of distribution
- Question: How do you account for non-controlling interests in consolidated financial statements using the equity method?In consolidated balance sheet immediately after the acquisition, consolidated stockholders' equity is equal to the sum of the parent's and subsidiary's stockholders' equity Select one: O True O FalseExplain what effect does the dividend have on the retained earnings and non-controlling interest balances in the parent company’s consolidated balance sheet if a 70 percent owned subsidiary company declares and pays a cash dividend.
