A wholly-owned subsidiary reports income of $2 million and an other comprehensive loss of $100,000. The subsidiary's revalued net assets consist of indefinite life identifiable intangible assets. Impairment testing for the year reveals $250,000 in impairment on these intangibles. The subsidiary did not declare any dividends. Eliminating entry (C) reduces Investment in Subsidiary by: A. $1,650,000. B. $2,000,000. C. $1,950,000. D. $1,750,000.

a. $1650000

Step-by-step explanation:

an eliminating entry will contain the adjustment of any comprehensive loss and the impairment of assets as to show the fair market value of the companies assets so if a company invests in a subsidiary it needs to invest on market

value every asset and income that is adjusted to any comprehensive loss so to calculate the investment we say :

investment in subsidiary = income - comprehensive loss- impairment of assets

                              = $2000000- $100000- $250000

                                 =$1650000

answer set (b) 0.5, 3/4 80% is in order from least to greatest.  

step-by-step explanation:

in order to compare rational numbers to each other, it is much easier if they are in the same form.   typically, the best form in which to evaluate rational numbers is in decimals.   in order to convert a percent to a decimal, you would divide the given percentage by 100.   you can also accomplish the conversion by moving the decimal point over two places to the left.   for example, the decimal value of 80% is 80/100, or 0.8.   in order to convert a fraction to a decimal, you need to divide the numerator by the denominator.   for example, 3/4 is 0.75.   so, for choice (b) 0.5 3/4 (0.75), 80% (0.8) is the only choice in which the numbers are in order from least to greatest.