Maurice Tutor

(5)

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About Maurice Tutor

Levels Tought:
Elementary,Middle School,High School,College,University,PHD

Expertise:
Algebra,Applied Sciences See all
Algebra,Applied Sciences,Biology,Calculus,Chemistry,Economics,English,Essay writing,Geography,Geology,Health & Medical,Physics,Science Hide all
Teaching Since: May 2017
Last Sign in: 431 Weeks Ago, 3 Days Ago
Questions Answered: 66690
Tutorials Posted: 66688

Education

  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

Experience

  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 17 Aug 2017 My Price 13.00

Parent Company

Please provide answer to the question below and why?

Question 10: Parent Company acquired 30% interest in Sub Company. Which of the following describes the ownership interest of Parent Companyover Sub Company?
a) Control   
b) Significant Influence
c) Insignificant Interest
d) None of the above
Parent Company Balance Sheet   Sub Company Balance Sheet
Assets, Liabilities & Equities Book Value   Assets, Liabilities & Equities Book Value Fair Value
Cash $250,000   Cash $40,000 $40,000
AR $30,000   AR $15,000 $10,000
Inventory $150,000   Inventory $105,000 $200,000
Land $100,000   Land $60,000 $100,000
Plant and Equipment $600,000   Plant and Equipment $400,000 $300,000
Less: Accumulated Depreciation -$150,000   Less: Accumulated Depreciation -$150,000  
    Total Assets $980,000       Total Assets $470,000 $650,000
AP $20,000   AP $50,000 $50,000
Common Stock $100,000   Common Stock $100,000  
Additional Paid In Capital $560,000   Additional Paid In Capital $60,000  
Retained Earnings $300,000   Retained Earnings $270,000  
    Total Liabilities & Equity $980,000       Total Liabilities & Equity $480,000

 

Answers

Maurice Tutor
(5)
Status NEW Posted 17 Aug 2017 07:08 PM My Price 13.00

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