Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. when are unconfirmed gains and losses eliminated f

When are unconfirmed gains and losses eliminated for consolidation purposes under FASB ASC Section 810-10-45?...

60.1K

Verified Solution

Question

Accounting

When are unconfirmed gains and losses eliminated for consolidation purposes under FASB ASC Section 810-10-45?

Select one:

a. All intercompany transactions

b. Upstream transactions only

c. Downstream transactions only

d. Gains and losses are never eliminated

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

2. The median of an income distribution is $30,000. The mean income is $35,000 and the...

Statistics
Q

How are states right issues seen in the the United States today?

Psychology
Q

In this question, we are going to call a function, f : R ? R, type...

Advance Math
Q

Which of the following statements is true of a species that has a chromosome number...

Biology
Q

7 Multiple Choice Which ratio is equivalent to sin 32 A cos 32 B sin...

Geometry
Q

A company determined that the marginal cost C x of producing the xth unit of...

Calculus
Q

Verisimtitude, Inc had regular tax due of $35,000 for 2018. It also had $60,000 of...

Accounting
Q

a loan for $2,000 with a simple annual interest rate of 8% was made on...

Accounting
Q

Need help Journalizing this: Sold one Standard C1 (Competition) custom stand up paddle (SUP) board...

Accounting
Q

The magnitude of operating leverage for Blue Ridge Corporation is 41 when sales are $290,000...

Accounting
Q

The units of an item ayailable for sole during the voar were as follows: method;...

Accounting
Q

What is the purpose of a trust fund? Trust funds are to held for that...

Accounting