review for test 6 - 114. award: 0 out of 0 points What is...

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114. award: 0 out of 0 points What is consolidated noncurrent assets at January 2, 2010? $195,000. $192,200. $186,600. $181,000. $169,800. references 115. award: 0 out of 0 points What is consolidated current liabilities at January 2, 2010? $53,200. $56,000. $64,400. $42,000. $70,000. references 116. award: 0 out of 0 points What is consolidated stockholders' equity at January 2, 2010? $112,000. $133,000. $168,000.
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$182,000. $203,000. In measuring noncontrolling interest at the date of acquisition, which of the following would not be indicative of the value attributed to the noncontrolling interest? Fair value based on stock trades of the acquired company. Subsidiary cash flows discounted to present value. Book value of subsidiary net assets. Projections of residual income. Consideration transferred by the parent company that implies a total subsidiary value. When a parent uses the equity method throughout the year to account for its investment in an acquired subsidiary, which of the following statements is false before making adjustments on the consolidated worksheet? Parent company net income equals controlling interest in consolidated net income. Parent company retained earnings equals consolidated retained earnings. Parent company total assets equals consolidated total assets. Parent company dividends equals consolidated dividends. Goodwill will not be recorded on the parent's books. When a parent uses the initial value method throughout the year to account for its investment in an acquired subsidiary, which of the following statements is true before making adjustments on the consolidated worksheet? Parent company net income equals consolidated net income.
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This note was uploaded on 10/29/2011 for the course ADVANCED A 4110 taught by Professor Fridel during the Spring '11 term at University of Minnesota Duluth.

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review for test 6 - 114. award: 0 out of 0 points What is...

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