Due In 8 Hours. 500 Words.

Order ready-to-submit essays. No Plagiarism Guarantee!

Note: Our papers are 100% human-written, not AI-generated. 

We Write Essays for Students

Tell us about your assignment and we will find the best writer for your paper

Get Help Now!

Select three of the following questions for your initial response. Copy and paste the questions you decide to answer in bold type. It is a good idea to select questions to which you do not know the answer or would like to understand better. Also, be bold and answer a question you have not seen a classmate answered yet.

1. What      effect will a subsidiarys 15% stock dividend have on the consolidation      entries used in preparing a consolidated balance sheet at the end of the      year in which the dividend is distributed?
2. What      effect will a subsidiarys 15% stock dividend have on the consolidated      financial statements?
3. S      Corporation holds 70% ownership of B Company, and B Company holds 60% of P      Company. Should P Company be consolidated with S Company? Why or why not?
4. P      Company holds 80% percent ownership of S Company, and S Company owns 90%      of the stock of T Company. What effect will $100,000 of unrealized company      profits on Ts books on December 31, 20X5 have on the amounts reported as      consolidated net income and income assigned to the controlling interest?
5. How      will parent company shares held by a subsidiary be reflected in the      consolidated balance sheet when the treasury stock method is used?
6. Explain      how a reciprocal ownership arrangement between two subsidiaries could lead      the parent company to overstate its income if no adjustment is made for      the reciprocal relationship?
7. How do      the consolidation entries at the end of the year change when an acquisition      occurs at midyear rather than the beginning of the year?
8. What      factors would cause an acquirer to include deferred tax assets and      liabilities in the net identifiable assets acquired?
9. Are      there any book-tax differences that may arise in an acquisition that does      not require the inclusion of a deferred tax asset or liability in the net      identifiable assets acquired?
10. How do      unrealized profits on intercompany transfers affect the amount reported as      income tax expense in the consolidated financial statements?
11. How      are dividends paid to the parents preferred shareholders and to the      subsidiarys preferred shareholders in computing consolidated EPS?
12. Why      are payments to suppliers not shown in the statement of cash flows when      the indirect method is used in presenting cash flows from operating      activities?

Include in bold type in your initial response the above question(s) you are answering.

Chapters 9 & 10 in Advanced Financial Accounting

Christensen, T., Cottrell, D., & Budd, C. (2019). Advanced financial accounting (12th ed.). New York, NY: McGraw-Hill.