Consolidated income statement of push company, Accounting Basics

+44 141 628 6080
[email protected]

Consolidated income statement of push company

In the consolidated income statement of Push Company and its subsidiary, Shove Corporation, the noncontrolling interest was assigned $24,000 of income for 2009. What amount of net income did Shove report for 2009 if Push owns 80 percent of Shove?

A. $144,000.

B. $120,000.

C. $30,000.

D. $19,200

Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: Consolidated income statement of push company

Reference No:- TGS079268

Expected delivery within 24 Hours

Have a Question? (oR Write a Review)

Write atleast 100 words!!

Recent Questions Asked Accounting Basics

Q : Imputed interest rate for evaluating

A company uses residual income to evaluate their Div. performance. The Div. had operating profit of $1,000,000 and invested capital of $20,000,000. The imputed interest rate for evaluating a Div. is set at 6%. The residual income for the Div. is

Q : Impairment in value prior to transfer

Assuming no impairment in value prior to transfer, assets transferred by a parent company to another entity it has created should be recorded by the newly created entity at the assets':

Q : Sas made their rental payments

It must be a correction of an error, but how are you going to do this since the 2009 books were closed a long time ago? Assume that the 12/31/10 books are still open and that SAS has made their rental payments all on time.

Q : What amount must james report as total infrequent losses

In its 2010 income statement, what amount should James report as total infrequent losses that are not considered extraordinary.

Q : Consolidated income statement of push company

Q : Determination of beneficiary''s income

A trust is authorized to make discretionary distributions of income and principal to its two beneficiaries, Roy and Sandy. Separate shares are not required. For the current year, it has DNI and net accounting income of $80,000, all from taxable so

Q : What is the trusts net accounting income

Assue the Uniform Act (1962) governs an item's classification as principal or income. The trustee's fee is charged one-half to principal and one-half to income. What is the trust's net accounting income and the maximum amount it can distribute? As

Q : Foreign-based entity that uses a functional currency

Which of he following defines a foreign-based entity that uses a functional currency different from the local currency?

Q : Consolidated balance sheet made immediate after combination

At the time, Rudd held land with a book value of $100,000 and a fair value of $260,000; Wilton held land with a book value of $50,000 and fair value of $600,000. Using the parent company theory, at what amount would land be reported in a consolida

1936624

Questions
Asked

3,689

Active Tutors

1455874

Questions
Answered

Start Excelling in your courses, Ask a tutor for help and get answers for your problems !!

ask Question

Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: Consolidated income statement of push company

Reference No:- TGS079268

Have a Question? (oR Write a Review)

Recent Questions Asked Accounting Basics

Q : Imputed interest rate for evaluating

Q : Impairment in value prior to transfer

Q : Sas made their rental payments

Q : What amount must james report as total infrequent losses

Q : Consolidated income statement of push company

Q : Determination of beneficiary''s income

Q : What is the trusts net accounting income

Q : Foreign-based entity that uses a functional currency

Q : Consolidated balance sheet made immediate after combination

What indicate that infusion needs temporarily discontinued

Which activity would nurse manager complete in emergency

Analysis of relationship among food-global health problems

Discuss statements regarding aral herpes

Problem about working in a highly malaria-endemic area

Discuss criteria for a diagnosis of diabetes

Administer sodium phosphate enema to treat constipation

Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: Consolidated income statement of push company

Reference No:- TGS079268

Recent Questions Asked Accounting Basics

Q : Imputed interest rate for evaluating

Q : Impairment in value prior to transfer

Q : Sas made their rental payments

Q : What amount must james report as total infrequent losses

Q : Consolidated income statement of push company

Q : Determination of beneficiary''s income

Q : What is the trusts net accounting income

Q : Foreign-based entity that uses a functional currency

Q : Consolidated balance sheet made immediate after combination

Asked Questions