A parent and subsidiary company owe money to each other. On the consolidated statement.
1) both a receivable and liability will be eliminate
2) only a receivable will be shown
3) both a receivable and a liability will be shown
4) single a liability will be shown
Answers: 1) both a receivable and liability will be eliminated
These will dust out upon consolidation.
in consolidated go together sheet the the balance outstanding surrounded by individual balance sheet of holding and subsidiary company will be crossed, that aim either it is receivable or payable it will not come contained by consolidated statement.
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1) both a receivable and liability will be eliminate
2) only a receivable will be shown
3) both a receivable and a liability will be shown
4) single a liability will be shown
Can someone lend a hand next to this please?
Answers: 1) both a receivable and liability will be eliminated
These will dust out upon consolidation.
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in consolidated go together sheet the the balance outstanding surrounded by individual balance sheet of holding and subsidiary company will be crossed, that aim either it is receivable or payable it will not come contained by consolidated statement.
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