answersLogoWhite

0

It will be repoted as Investments in consolidated subs on BS of parent company and it'll be considered as Assets. If a parent company owns 65% of a subsidiary, is this considered wholly owned?

User Avatar

Wiki User

15y ago

What else can I help you with?

Related Questions

Is a Credit balance in vendor subsidiary account is an unpaid balance?

Is a credit balance in a vendor subsidiary account an unpaid balance owed?


Is a credit balance in a vendor subsidiary account an unpaid balance owed?

Is a credit balance in a vendor subsidiary account an unpaid balance owed?


Is a credit balance in a vendor subsidiary account is an unpaid balance owed?

Is a credit balance in a vendor subsidiary account an unpaid balance owed?


Is a credit balance in a vendor subsidiary account is an unpaid balance owed.?

Is a credit balance in a vendor subsidiary account an unpaid balance owed?


Is any credit balance in a vendor subsidiary account an unpaid balance owed?

Any credit balance in a vendor subsidiary account ia an unpaid balance owed?


Is any credit balance in a vendor subsidiary account is an unpaid balance owed.?

Any credit balance in a vendor subsidiary account ia an unpaid balance owed?


Is Any credit balance in a vendor subsidiary account is an unpaid balance owed?

yeah


Prepaid insurance is reported on the balance sheet as a?

Prepaid insurance is reported on the balance sheet as a


How is subsidiary ledger different to the general ledger?

A subsidiary ledger is a group of similar accounts whose combined balances equal the balance in a specific general ledger account. The general ledger account that summarizes a subsidiary ledger's account balances is called a control account or master account. For example, an accounts receivable subsidiary ledger (customers' subsidiary ledger) includes a separate account for each customer who makes credit purchases. The combined balance of every account in this subsidiary ledger equals the balance of accounts receivable in the general ledger. Posting a debit or credit to a subsidiary ledger account and also to a general ledger control account does not violate the rule that total debit and credit entries must balance because subsidiary ledger accounts are not part of the general ledger; they are supplemental accounts that provide the detail to support the balance in a control account.


Any credit balance in a vendor subsidiary account is an unpaid balance owed?

yes there is 1 but i forgot it


Any credit balance in a vendor subsidiary account is an unpaid balance owed.?

yes there is 1 but i forgot it


Any credit balance in vendor subsidiary account is an unpaid balance owed?

yes there is 1 but i forgot it