Pregler Inc.has 70% ownership of Sach Company,but should exclude Sach from its consolidated financial statements if
A) Sach is in a regulated industry.
B) Pregler uses the equity method for Sach.
C) Sach is in legal reorganization.
D) Sach is in a foreign country and records its books in a foreign currency.
Correct Answer:
Verified
Q2: Panini Corporation owns 85% of the outstanding
Q3: On January 1,2014,Packaging International purchased 90% of
Q4: From the standpoint of accounting theory,which of
Q5: Subsequent to an acquisition,the parent company and
Q6: The unamortized excess account is
A)a contra-equity account.
B)used
Q7: In the preparation of consolidated financial statements,which
Q8: A subsidiary can be excluded from consolidation
Q9: Pental Corporation bought 90% of Sedacor Company's
Q10: On June 1,2014,Puell Company acquired 100% of
Q11: A newly acquired subsidiary had pre-existing goodwill
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