ADVANCED ACCOUNTING
ADVANCED ACCOUNTING
4th Edition
ISBN: 9781618533128
Author: Halsey
Publisher: Cambridge Business Publishers
Question
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Chapter 4, Problem 37E

a.

To determine

Explain the statement referred to in footnote no.1 on the supplementary statement of

consolidated income.

b.

To determine

Explain the reason for the consolidating adjustment of $381 related to revenues of

financial products and also mention that to which it is related as well.

c

To determine

Mention the amount of the corresponding adjustment to be expected on the consolidating balance sheet in respect of the consolidating adjustment related to financial product revenue.

d

To determine

Explain the statement regarding the supplemental consolidating income statement

mentioned in footnote no.6.

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