Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. 34) entry d records a) dividends paid by...

34) Entry D records a) dividends paid by...

60.1K

Verified Solution

Question

Accounting

image
image
34) Entry D records a) dividends paid by the parent to the subsidiary. b) the reversal of all dividends declared by the subsidiary. c) the reversal of the parent's share of dividends declared by the subsidiary. d) debts owed by the subsidiary to the parent. Questions 35 through 45 refor to the missing amounfs on the worksheet that are numbered 1 through 13. 35) \#1 and $5, consolidated net income attributable to the noncontrolling interest, should be a credit of a) $13,500. b) $21,500. c) $65,200. d) $80,000, 36) \#2, dividends declared pertaining to the noncontrolling interest, should be a debit of a) $25,000. b) $22,500. c) $2,500. d) $0. 37) 113 , the beginning balance for the noncontrolling interest, should be a credit of a) $85,500. b) $109,900. c) $195,000. d) $200,000. 38) \#4 and \#11, the ending balance for the noncontrolling interest, should be a credit of a) $200,000. b) $195,000. c) $206,000. d) $197,500. 39) \#6, consolidated net income attributable to the parent company, should be a credit of a) $437,000. b) $652,000. c) $357,000. d) $1,843,000. 40) \#7, the net income credited to consolidated retained earnings, should be a) $437,000. b) $652,000. c) $357,000. d) $1,843,000

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

different between MHC class 1 and MHC class 2 (Table)

Biology
Q

It is widely shared that a country with a rapid population growth faces serious environmental problems....

Psychology
Q

a company has the following at January 1, 2018 2,000,000 shares of common stock issued and...

Accounting
Q

¿ 3 IFRS Disandvantages ?

Accounting
Q

3 Independent contractor or employee Are Uber and Lyft drivers employees or are they independent...

Biology
Q

10 From the figure describing photoelectric effect we may infer correctly that Na Al VIL...

Physics
Q

The supply voltage to a room is 120 V The resistance of the lead wires...

Physics
Q

astery Quiz Use the vertical line test to determine if y is a function of...

Geometry
Q

A population has a normal distribution. A sample of size n is selected from this...

Basic Math
Q

-- --- Transcribed image text

Accounting
Q

Where can a decedent's funeral expenses be deducted?

Accounting
Q

The last step in the preparation of the master budget is the budgeted income statement....

Accounting