A subsidiary that is 65% owned by its parent company pays a dividend of $120 000. On consolidation the amount to be eliminated is: a. $120,000 b. $42,000 c. $78,000 d. not eliminated

At the date of acquisition, a subsidiary had recorded a dividend payable of $10000. Assuming that the shares were acquired on a cum div. basis, the consolidation adjustment needed at the date of acquisition to eliminate the dividend is:

A Ltd acquired 100% of B Ltd on 1 July 2020. At acquisition date, B Ltd had the following equity items. Retained Earnings Share Capital $90000 $130000 n the vear following the acauisition. B l td paid a bonus share dividend of $35000 out of pre-acauisition retained earningsDetermine the related consolidation adiustments on the consolidation worksheet for 30 June 2021?

Cross Corporation has Net Income of $4,095. Their retention ratio is 65%. How much will they payout in dividends this year?

During the current period, a subsidiary entity sold inventories to its parent entity at a profit of $6 000. The goods had originally cost the subsidiary $30 000. All the inventories were still on hand at the end of the year. The consolidation adjustment entry would include the following line item: Group of answer choicesCR Inventories $30 000CR Inventories $18 000CR Inventories $24 000CR Inventories $6 000

NoGrowth Industries presently pays an annual dividend of $1.20 per share and it is expected that these dividend payments will continue indefinitely. If NoGrowth's equity cost of capital is 10%, then the value of a share of NoGrowth's stock is closest toQuestion 3Answera.$9.60b.$12.00c.$13.20d.$14.40