Question

For each of the investments listed below, tell which of the following methods should be used for external financial reporting:
(a) Cost-adjusted-to-market method,
(b) Equity method,
(c) Consolidation of parent and subsidiary financial statements.
1. 49 percent investment in Miraz Corporation
2. 51 percent investment in Roof Corporation
3. 5 percent investment in Rek Corporation



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  • CreatedSeptember 10, 2014
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