If a parent has some control over a subsidiary but the subsidiary is not consolidated, the subsidiary is accounted for as:
a. a marketable security.
b. an investment.
c. a liability.
d. a fixed asset.
e. None of the answers are correct.
B
You might also like to view...
During the passed year, many individuals subscribe to satellite radio. (past)
What will be an ideal response?
What are the other HRM processes and functions that are likely to influence the effectiveness of any solutions in this scenario?
What will be an ideal response?
Comprehensive health care insurance includes both basic health care coverage and major medical coverage
Indicate whether the statement is true or false
Spohn Clinic uses client-visits as its measure of activity. During February, the clinic budgeted for 3,400 client-visits, but its actual level of activity was 3,370 client-visits. The clinic has provided the following data concerning the formulas to be used in its budgeting for February: Fixed Element per MonthVariable element per client-visitRevenue - $28.10 Personnel expenses$26,100 $7.70Medical supplies 900 5.10Occupancy expenses 5,600 0.80Administrative expenses 4,300 0.40Total expenses$36,900 $14.00?The administrative expenses in the planning budget for February would be closest to:
A. $5,418 B. $5,648 C. $5,660 D. $5,466