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?...

50.1K

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

1 A simplified model for the movement of the price of a stock supposes that...

Basic Math
Q

What are the concentrations of H3O+ and OH- in each of the following? a. 1.55 M NaOH b....

Chemistry
Q

In python of Jupiter notebook Write a python function called trng that takes three numbers x, y,...

Programming
Q

A company is considering two methods for obtaining a certain part. Method A will involve purchasing...

Mechanical Engineering
Q

Periodical cicadas are insects that have long dormant periods followed by short mating seasons Some...

Biology
Q

A vessel containing water is given a constant acceleration a towards the right along a...

Physics
Q

A 320-g mass and a 400-g mass are attached to the two ends of a...

Physics
Q

An insect crawls up a hemispherical surface very slowly The coefficient of friction between the...

Physics
Q

2 20 points Consider the cone V whose base is the unit disk in the...

Calculus
Q

Costs per Equivalent Unit The following information concerns production in the Baking Department for August....

Accounting
Q

Required information Comprehensive Problem 4-57(LO 4-1, LO 4-2, LO 4-3)(Algo) [The following...

Accounting
Q

March, the kennel budgeted for 5,500 tenant-days, but its actual level of activity was 5,560...

Accounting