Question

how is the consolidated profit distributed​

Answer 1

Answer:

Explanation: The steps for consolidating the income statements are as follows: (1)Add together the revenues and expenses of the parent and the subsidiary. If the subsidiary is acquired part way through the year all the revenues and expenses of the subsidiary must be time apportioned during the consolidation process.

Answer 2

Answer:

The steps for consolidating the income statements are as follows: (1)Add together the revenues and expenses of the parent and the subsidiary. If the subsidiary is acquired part way through the year all the revenues and expenses of the subsidiary must be time apportioned during the consolidation process.

Explanation:

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