Question: When an investment changes from significant influence to control, the equity method ceases to be appropriate and the entity method takes place on a Blank______

When an investment changes from significant influence to control, the equity method ceases to be appropriate and the entity method takes place on a Blank______ basis if it is changed because of a change in circumstances.

Step by Step Solution

★★★★★

3.42 Rating (155 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock

Consolidation When an investment changes from significant influence ... View full answer

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

Planning is one of the most important management functions in any business. A front office managers first step in planning should involve determine the departments goals. Planning also includes...

"I'm not sure we should lay out $300,000 for that automated welding machine," said Jim Alder, president of the Superior Equipment Company. "That's a lot of money, and it would cost us $84,000 for...

Nadeau Company Limited, a small company following ASPE, is adjusting and correcting its books at the end of 2023. In reviewing its records, it compiles the following information. 1. Nadeau has failed...

When an investment changes from significant influence to control, the equity method ceases to be appropriate and the entity method takes is place on a Blank______ basis, if it is changed because of a...

I needed my journal entries, worksheet and consolidated balance sheet verified. Thanks. Part I Prepare your written response in the areas below. Use a separate section to address a separate part of...

help me out with these questions.. Income statement: determine gross profit, income from operations, and net income for the last two years. Comment on the increases or decreases in these amounts....

I need to do this work. Income statement: determine gross profit, income from operations, and net income for the last two years. Comment on the increases or decreases in these amounts. Balance sheet:...

help me out with these questions.. Income statement: determine gross profit, income from operations, and net income for the last two years. Comment on the increases or decreases in these amounts....

A heat pump is used to transfer heat from a cold reservoir at -10C to a warm reservoir at 30C. The heat pump has a coefficient of performance of 5. Determine the heat transferred to the warm...

The following information is for the Quest Co. Gold Division for the current year: Sales ps 185.500 Variable cost ps 156,250 Traceable fixed costs ps 26,000 average capital invested ps 25,000 imputed...

How organizations can gain sustainable diversity advantage for their organizations using the new technologies?

A company manufactures three products: A, B, and C. The company currently has an order for three units of product A, 7 units of product B, and 4 units of product C. There is no inventory for any of...

In the current year, Woodpecker, Inc., a C corporation with $8.5 million in assets, deducted amortization of $40,000 on its financial statements and $55,000 on its Federal tax return. Is Woodpecker...

Access the FASB's Codification Research System at the FASB website (www.fasb.org). Determine the specific citation for accounting for each of the following items: 1. Requirements to disclose within...

A food manufacturer reports the following for two of its divisions for a recent year. $ millions __________________________ Beverage Division _____ Cheese Division Invested assets, beginning...

Goose Corporation, a C corporation, incurs a net capital loss of $12,000 for 2017. It also has ordinary income of $10,000 in 2017. Goose had net capital gains of $2,500 in 2013 and $5,000 in 2016. a....

Can we put that she will be making weekly payroll deductions inthe amount of $52.75 to the housing equalling $211.00 monthly

Air France-KLM (AF), a Franco-Dutch company, prepares its financial statements according to International Financial Reporting Standards. AF's financial statements and disclosure notes for the year...

The following transactions occurred during March 2018 for the Wainwright Corporation. The company owns and operates a wholesale warehouse. 1. Issued 30,000 shares of common stock in exchange for...

On January 1, 2018, Ithaca Corp. purchases Cortland Inc. bonds that have a face value of $150,000. The Cortland bonds have a stated interest rate of 6%. Interest is paid semiannually on June 30 and...

3. How Is Research Knowl edge D isu;buted? Researchers Study? a. Acad e1nic Pu blishing b. Scholarly Research b. Social Di alogue and Pu blic Policy c. Applied Research c. Com muni cation in th e...

A mental health professional with a medical degree who can prescribe medication is a _______.

ii. Tenacity Study?