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What else can I help you with?
How do you record the merger of a subsidiary into its parent when the investment in the subsidiary exceeds the book value of the subsidiary?
Unfortunately you have to record it as a loss to the parent company. Or it will at least show as a loss on the financial statements.
What is meant by consolidated profit and loss?
When there is a parent and subsidiary companies exists in that situation the combined financial information of parent company as well as subsidiary companies are shown under one statment which are called consolidated financial statements so in consolidated profit and loss account combined information of both parent and subsidiaries shown together rather preparing separate statements.
What is meant by profit and loss?
When there is a parent and subsidiary companies exists in that situation the combined financial information of parent company as well as subsidiary companies are shown under one statment which are called consolidated financial statements so in consolidated profit and loss account combined information of both parent and subsidiaries shown together rather preparing separate statements.
What is the meaning of close the Profit and Loss Summary account?
profit is when the company is making money and a loss is the company is not making money.
How do you you account for a parent and subsidiary amalgamation?
Sales between parent and subsidiary is not a real sales. Therefore, its eliminated at end of the year to show actual profit/loss from the sales.
What would you find on a profit and loss account?
In profit and loss account normally list all in the revenues and expenses and profit or loss for any particular fiscal year of company.
Profit and loss account of cocacola company?
i want to analyze the trading and profit and loss account for coca cola company could you help
What is the difference between loss and negative profit?
Loss and negative profit are same things as there is no such thing as negative profit if company spend more than its earns it has negative profit or loss.
Performance of a company is disclosed in profit and loss Account Yes-No?
yes income statement or profit and loss account is primary object of disclosing the performance of a company or enterprise
Why do companies produce profit and loss account?
Profit and Loss A/c:Profit and loss account as name describes prepares to determine the net profit earned by company in one accounting year and which is not available information in any other financial statement of company.
Why profit and loss account is called as profit and loss account and why not profit or loss account?
The profit and loss account is named as such because it summarizes a company's financial performance over a specific period, showing both the profits earned and the losses incurred. The account reflects the net result of all revenues and expenses, indicating whether the company has made a profit or suffered a loss. Using "profit and loss" in the account's title emphasizes the importance of considering both aspects of a company's financial outcomes in a comprehensive manner.
What is impact of quality on profit and loss?
it basically means taking into consideration how weathered or damaged a product is and whether it will bring your company a profit or a loss.
