Dutch Co. has loaned $90,000 to its subsidiary, Hans Corp., which retains separate incorporation. How would this loan be treated on a consolidated balance sheet?

What will be an ideal response?


The loan represents an intra-entity payable for Hans, and a receivable for Dutch. Each receivable and payable would be eliminated in preparing a consolidated balance sheet.

Business

You might also like to view...

A new owner of a servient estate cannot inherit the appurtenant easement

Indicate whether the statement is true or false

Business

Static websites, intended only for people to retrieve information, can be useful but are least ideal for business communication

Indicate whether the statement is true or false

Business

C-charts are used to monitor ______.

a. counts of defects per unit b. proportion of defects per unit c. timing of defects per unit d. costs of defects per unit

Business

What is stare decisis? Discuss its place in the American legal system

Business