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Subsidiary Has Property Recorded at $60 000 Using the Cost \quad

question 6

True/False

Subsidiary has property recorded at $60 000 using the cost method.Parent assesses the fair value of the property at $130 000.Group policy is to use the cost method.The correct consolidation data adjustment for the property is:
Dr.Property \quad\quad\quad $70 000
Cr.Asset revaluation reserve \quad\quad $70 000

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Quantitative assessments that represent the outcomes or achievements of individuals based on performance or measurement criteria.

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A measure of the dispersion of a set of data points around their mean value, demonstrating how spread out the data points are.

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An indicator of the spread or variability among a set of numbers, showing the degree to which these numbers vary from their average.

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Statistical estimates or predictions that are accurate on average over a number of samples.

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