Under the equity method of accounting, the excess of fair value of the investor's net assets...
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Under the equity method of accounting, the excess of fair value of the investor's net assets over the consideration given by the investor to acquire the investment shall be a. recognized in profit or loss during the period of acquisition. b. recognized as a deferred revenue account and shall be transferred to profit or loss over the average useful life of the investee's depreciable assets. recognized as a deferred revenue and shall be transferred to profit or loss when the investment is derecognized. d. ignored. C. Under the equity method of accounting, the excess of fair value of the investor's net assets over the consideration given by the investor to acquire the investment shall be a. recognized in profit or loss during the period of acquisition. b. recognized as a deferred revenue account and shall be transferred to profit or loss over the average useful life of the investee's depreciable assets. recognized as a deferred revenue and shall be transferred to profit or loss when the investment is derecognized. d. ignored. C.
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Related Book For
Intermediate accounting
ISBN: 978-0077647094
7th edition
Authors: J. David Spiceland, James Sepe, Mark Nelson
Posted Date:
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