Best Appliances owns 90% of the voting stock of Wratchet, Inc. Which of the following is true? A. Wratchet would be considered the parent entity. B. Best would be considered the parent entity. C. The financial statements of Best would be consolidated into Wratchet. D. Both a and c are correct.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Best Appliances owns 90% of the voting stock of Wratchet, Inc. Which of the following is true? A. Wratchet would be considered the parent ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
It is impractical to sell expensive products such as electronics or cosmetics through vending machines a. True b. False
Answers (1)
Fred brings home 100 lbs of potatoes, which (being purely mathematical potatoes) consist of 99 percent water. he then leaves them outside overnight so that they consist of 98 percent water. what is their new weight?
Answers (1)
The opportunity cost of constructing a new public highway is the Multiple Choice expected cost of constructing the new highway in a future year. value of other goods and services that are sacrificed in order to construct the new highway.
Answers (1)
Which of the following is an example of passive income? (1) portfolio income, including interest, dividends, annuities, and royalties (2) income from rental real estate earned by a no real estate professional (3) winnings from gambling (4) state and
Answers (1)
Counterfeit questions are associated with which gibb component? select one: a. description b. spontaneity c. neutrality d. strategy e. problem-orientation
Answers (1)
New Questions in Business
If someone asked you, "Why should I bother worrying about my credit score?" what would you say?
Answers (1)
Hall and Donnell reported findings of five separate studies involving over 12,000 managers that explored the relationship between managerial achievement and attitudes toward subordinates.
Answers (1)
On September 1, 2021, Daylight Donuts signed a $188,000, 6%, six-month note payable with the amount borrowed plus accrued interest due six months later on March 1, 2022.
Answers (1)
When the Central Bank acts in a way that causes the money supply to increase while aggregate demand remains unchanged, it is A) following an expansionary monetary policy. B) following a contractionary monetary policy.
Answers (1)
Which types of food items have labor "built in" to their prices? a. make or buy items b. convenience items c. scratch items d. standard items?
Answers (2)