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

34) Entry D records a) dividends paid by the parent to the subsidiary. b) the...

70.2K

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: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students