1. In 2016, a wholly-owned subsidiary sold land costing $100,000 to its parent for $140,000. In 2020, the parent sold the land to an outside company for $150,000. On a working paper prepared to consolidate the accounts of the parent and its subsidiary in 2020, the eliminating entry connected with this land sale includes A. no entry; the land is no longer in the consolidated entity B. a $40,000 debit to the investment in subsidiary account C. a $50,000 debit to beginning retained earnings D. a $40,000 credit to gain on sale of land
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Cash flow is often a problem for small businesses. how can an entrepreneur increase cash flow? a) locate lower-priced suppliers. b) forego sending in estimated tax payments to the irs c) shorten the terms on a bank loan to pay it off more quickly d) sell more low-margin items.
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Ajax corp's sales last year were $435,000, its operating costs were $362,500, and its interest charges were $12,500. what was the firm's times-interest-earned (tie) ratio? a. 4.72b. 4.97c. 5.23d. 5.51e. 5.80
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According to the weather forecast, there will be at least 40.5 inches of rainfall next year is an example of which type of probability
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How can improving oneās reasoning skills also improve oneās performance on the job? if one can improve oneās reasoning, one can also improve oneās physical fitness and athletic performance. if one can improve oneās reasoning, one can perform anything. high-performing workers always work reasonable schedules. high-performing workers are able to analyze sophisticated streams of data and solve complex problems.
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1. In 2016, a wholly-owned subsidiary sold land costing $100,000 to its parent for $140,000. In 2020...
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