Postage, a holder of a $400,000 Stamp Inc. bond, collected the interest due on June 30, 20X8, and then sold the bond to DEF Inc. for $365,000. On that date the bond issuer, Stamp, a 90 percent owner of DEF, had a $450,000 carrying amount for this bond.Based on the information given above, what was the effect of DEF's purchase of Stamp's bond on the noncontrolling interest amount reported in Stamp's June 30, 20X8, consolidated balance sheet?
A. No effect
B. $8,500 increase
C. $8,500 decrease
D. $35,000 increase
Answer: A
You might also like to view...
Tangible benefits are those that can be reasonably quantified, such as reduced equipment costs and increased revenues
Indicate whether the statement is true or false
A data gathering technique that is comprised of samples of respondents whose television viewing behavior is automatically recorded by electronic devices, supplementing the purchase information recorded online or in a diary is referred to as ________
A) scanner diary panels/cable TV B) scanner panels C) purchase panels D) media panels
When you have ____, please forward me a copy of the proposed budget
A) some-time B) sometime C) some time
A firm that maintains a "stable dollar dividend per share" will generally not increase the dividend
unless A) a stock split occurs. B) the firm merges with another profitable firm. C) the P/E ratio has increased steadily over the past 5 years. D) the firm is sure that a higher dividend level can be maintained.