If RE on 1/1 for P is 170000 JD and for S is 100000 JD, consolidated net income is 88000 JD and dividends declared by P is 20000 JD and by S is 10000 JD. Compute consolidated RE on 31/12. ownership is 90%. Select one: a. 208000 O b. 218000 O C. 228000 O d. 238000

If RE on 1/1 for P is 170000 JD and for S is 100000 JD, consolidated net income is 88000 JD and dividends declared by P is 20000 JD and by S is 10000 JD. Compute consolidated RE on 31/12. ownership is 90%. Select one: a. 208000 O b. 218000 O C. 228000 O d. 238000

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

ChapterA2: Investments

Section: Chapter Questions

Problem 15MCQ

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Concept explainers

Consolidation

Consolidation in general examination implies an asset oscillating between well-defined methods of trading status. Consolidation is commonly known as market indecisiveness, which completes when the asset's values move forward or backward the trading structure.

Question

If RE on 1/1 for P is 170000 JD and for S is 100000 JD, consolidated net income is 88000 JD and dividends declared by P is 20000
JD and by S is 10000 JD. Compute consolidated RE on 31/12. ownership is 90%.
Select one:
O a. 208000
Ob. 218000
O c. 228000
O d. 238000

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