Correct Answer: A subsidiary entity created for a specific reason
Explanation:
Note: This Question is unanswered, help us to find answer for this one
Generally Accepted Accounting Principles (GAAP) Skill Assessment
Your Skill Level: Poor
Retake Quizzes to improve it
More Generally Accepted Accounting Principles (GAAP) MCQ Questions
What is the accounting treatment of stock dividend when it is issued (not declared)?
Why would a company want to discontinue the operations of a division?
What are direct costs?
What is a 'permanent difference'
What interest rate would be used to calculate interest capitalization if there is no specific loan associated with the asset except just the overall company debt?
Which of the following is a valid method to calculate impairment loss in case of a long lived asset?
You declare a dividend. What happens on the cash flow statement and in which section?
In the United States, which of the following organizations mandate that financial reports adhere to GAAP standards?
Under US GAAP, when must the fair value of an acquired firm's "in process research and development" be estimated?
You have depreciation for the past year, what happens on the cash flow statement and in which section?