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Where does interest payable belongs in the elements of financial statement?
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∙ 11y ago
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Wiki User
∙ 11y ago
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Residual Interest in a corporation belongs to?
The shareholders.
Where does cash discount go in balance sheet?
It belongs on the Income Statement.
Where does accounts payable go on a multiple step income statement?
By definition Accounts Payable is a liability and belongs on a Balance Sheet. Only income and expenses are included in an Income Statement.
What is Profit after Tax and Minority Interest?
Minority interest (also known as Non-controlling interest) in business is an accounting concept that refers to the portion of a subsidiary corporation's stock that is not owned by the parent corporation. The magnitude of the minority interest in the subsidiary company is always less than 50% of outstanding shares, else the corporation would cease to be a subsidiary of the parent. Minority interest belongs to other investors and is reported on the consolidated balance sheet of the owning company to reflect the claim on assets belonging to other, non-controlling shareholders. Also, minority interest is reported on the consolidated income statement as a share of profit belonging to minority shareholders.Minority interest is an integral part of the enterprise value of a company. The converse concept is an associate-company.Under IFRS the minority interest (non-controlling interest) is reported in the Equity section of the consolidated balance sheet. Under US GAAP, minority interest appears as a separate component in shareholders' equity.If ABC Corp. owns 90% of XYZ inc, which is a $100 million company, on ABC Corp.'s balance sheet, there would be a $10 million liability in minority interest account to represent the 10% of XYZ Inc. that ABC Corp does not own.Wonder what is Minority Interest? What is PAT after minority interest? What is Net Profit attributable to shareholders? Which is the actual profit shareholders of group receive?Read more at : http://financenmoney.in/profit-after-tax-and-minority-interest/
Who does Residual income of a firm belongs to?
The residual income of the firm belongs to
What financial statement does a accounts payable belong?
Accounts Payable belongs in the Balance Sheet as a Current Liability.
Please advise if income belongs to this account?
The income statement is one of three financial statements used by corporations. The other two are the balance sheet and the cash flow statement.
Who belongs to interest groups?
Interest groups typically consist of organizations and individuals who share a common goal or interest and seek to influence public policy, legislation, or regulations in support of that goal. Members can include businesses, advocacy groups, labor unions, professional associations, and concerned citizens.
What are the elements between 57 and 70 called?
Elements between 57 and 70 belongs to the f group. Elements from La - Lu belongs to this group. These are called Lanthanides.These elements are Lanthanides. They are placed separately. They have different chemical properties.
Residual Interest in a corporation belongs to?
The shareholders.
What financial statement does merchandise inventory at end of period go on?
Closing merchandise inventory belongs on both the income statement and the balance sheet. On the income statement, it is included under Cost of Goods Sold; on the balance sheet it is categorised under Current Assets.
Who does residual interest in a corporation belongs to?
Common Stockholders
Is niobium a metal nonmetal metalloid?
Niobium is a metal. It belongs to d-block elements.
How many columns of elements does the periodic table have?
The periodic table contains seven rows of elements. The lanthanide series belongs to row six as elements 57-71. The actinide series belongs to row seven as elements 89-103.
What is the meaning of the word elements?
An item that belongs to a set
Where does cash discount go in balance sheet?
It belongs on the Income Statement.
The thesis statement of any essay belongs in?
essay for Presidents Qualities
