![subject](/tpl/images/cats/ekonomika.png)
Business, 02.03.2020 21:00 jetblackcap
1. An acquisition requires revaluation of a subsidiary's date-of-acquisition inventory from a book value of $5 million to fair value of $3 million. The subsidiary uses LIFO and inventory purchases exceed sales in every year following acquisition. Which statement is true concerning the consolidation eliminating entries for this revaluation? A. No entry (R) is required after the first year, but eliminating entry (O) reduces cost of goods sold by $2 million in the first year. B. No entries are required in any year. C. Each year following acquisition, entry (R) reduces inventory and entry (O) increases cost of goods sold by $2 million. D. Each year following acquisition, entry (R) reduces inventory by $2 million, but entry (O) is not required.
![ansver](/tpl/images/cats/User.png)
Answers: 1
![](/tpl/images/ask_question.png)
![](/tpl/images/ask_question_mob.png)
Another question on Business
![question](/tpl/images/cats/ekonomika.png)
Business, 21.06.2019 22:30
For many years, kellogg's frosted flakes, a ready-to-eat breakfast cereal, was perceived as a cereal for children. tony the tiger, a cartoon character, extolled frosted flakes, and advertisements depicted children enjoying the product with tony in competitive situations. recently, in response to declining sales of frosted flakes, the cereal maker has adopted a new series of advertisements that show adults admitting that they enjoy frosted flakes, too. kellogg's is attempting to
Answers: 1
![question](/tpl/images/cats/ekonomika.png)
Business, 22.06.2019 07:30
Which two of the following are benefits of consumer programs
Answers: 1
![question](/tpl/images/cats/ekonomika.png)
Business, 22.06.2019 08:00
Why do police officers get paid less than professional baseball players?
Answers: 2
![question](/tpl/images/cats/ekonomika.png)
Business, 22.06.2019 12:30
land, a building and equipment are acquired for a lump sum of $ 1,000,000. the market values of the land, building and equipment are $ 300,000, $ 800,000 and $ 300,000, respectively. what is the cost assigned to the equipment? (do not round any intermediary calculations, and round your final answer to the nearest dollar.)
Answers: 1
You know the right answer?
1. An acquisition requires revaluation of a subsidiary's date-of-acquisition inventory from a book v...
Questions
![question](/tpl/images/cats/mat.png)
![question](/tpl/images/cats/mat.png)
Mathematics, 03.02.2020 05:58
![question](/tpl/images/cats/istoriya.png)
History, 03.02.2020 05:58
![question](/tpl/images/cats/himiya.png)
Chemistry, 03.02.2020 05:58
![question](/tpl/images/cats/mat.png)
Mathematics, 03.02.2020 05:58
![question](/tpl/images/cats/istoriya.png)
![question](/tpl/images/cats/mat.png)
Mathematics, 03.02.2020 05:58
![question](/tpl/images/cats/mat.png)
Mathematics, 03.02.2020 05:58
![question](/tpl/images/cats/mat.png)
Mathematics, 03.02.2020 05:58
![question](/tpl/images/cats/obshestvoznanie.png)
Social Studies, 03.02.2020 05:58
![question](/tpl/images/cats/obshestvoznanie.png)
Social Studies, 03.02.2020 05:58
![question](/tpl/images/cats/fizika.png)
Physics, 03.02.2020 05:58
![question](/tpl/images/cats/ekonomika.png)
![question](/tpl/images/cats/es.png)
Spanish, 03.02.2020 05:58
![question](/tpl/images/cats/biologiya.png)
Biology, 03.02.2020 05:58
![question](/tpl/images/cats/mat.png)
![question](/tpl/images/cats/istoriya.png)
History, 03.02.2020 05:58
![question](/tpl/images/cats/biologiya.png)
![question](/tpl/images/cats/health.png)