Explain those statements and with numerical example if possible. The separate entity statement under cost method are

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Explain those statements and with numerical example if possible.

The separate entity statement under cost method are the same for upstream and downstream transaction no income effect.

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The separate entity statement under cost method are the same as the equity methods statements excepts for investment accounts ,retained earnings and investment income.

Related Book For answer-question

Advanced Accounting

ISBN: 9780132568968

11th Edition

Authors: Floyd A. Beams, Joseph H. Anthony, Bruce Bettinghaus, Kenneth Smith

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Posted Date: Nov 25, 2020 09:00 AM

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Explain those statements and with numerical example if possible. The separate entity statement under cost method are

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Cost Method Under IFRS when investments are not recorded at Fair Value they are usu... View the full answer

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