Which of the following statements are true? (i) Equity accounting method is used to account for...

 

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Which of the following statements are true? (i) Equity accounting method is used to account for investor-associate relationship Full consolidation is used to account for investor-associate relationship. (ii) (iii) Equity accounting method is used to account for parent-subsidiary relationship. (iv) The equity accounting method is used to account for investor-joint venture relationship. Select one: O a. (i) and (iv) only O b. (ii) and (iii) only O c. (ii) and (iv) only O d. (iii) and (iv) only A party to a joint venture who has joint control over that joint venture is called_ Select one: O a. venturer O b. capitalist O c. controller O d. manager Which of the following statements are true? (i) Equity accounting method is used to account for investor-associate relationship Full consolidation is used to account for investor-associate relationship. (ii) (iii) Equity accounting method is used to account for parent-subsidiary relationship. (iv) The equity accounting method is used to account for investor-joint venture relationship. Select one: O a. (i) and (iv) only O b. (ii) and (iii) only O c. (ii) and (iv) only O d. (iii) and (iv) only A party to a joint venture who has joint control over that joint venture is called_ Select one: O a. venturer O b. capitalist O c. controller O d. manager

Answer rating: 100% (QA)

1 Answer a i and iv only Explanations Equity method of accounting is an intercorpoate investment In ... View the full answer