What method is used for investments in equity securities with 50% or more ownership? Briefly describe this
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 55% (18 reviews)
Consolidation accounting is used by the investing company to ...View the full answer
Answered By
Sheikh Muhammad Ibrahim
During the course of my study, I have worked as a private tutor. I have taught Maths and Physics to O'Level and A'Level students, as well as I have also taught basic engineering courses to my juniors in the university. Engineering intrigues me alot because it a world full of ideas. I have passionately taught students and this made me learn alot. Teaching algebra and basic calculus, from the very basics of it made me very patient. Therefore, I know many tricks to make your work easier for you. I believe that every student has a potential to work himself. I am just here to polish your skills. I am a bright student in my university. My juniors are always happy from me because I help in their assignments and they are never late.
4.90+
14+ Reviews
24+ Question Solved
Related Book For
Horngrens Financial and Managerial Accounting
ISBN: 978-0133255584
4th Edition
Authors: Tracie L. Nobles, Brenda L. Mattison, Ella Mae Matsumura
Question Posted:
Students also viewed these Accounting questions
-
What method is used for investments in equity securities with 20% or more, but less than 50%, ownership? Briefly describe how dividends declared and received and share of net income is reported.
-
What accounting treatments are appropriate for investments in equity securities without readily determinable fair values?
-
In accounting for investments in equity securities, when should the equity method be used?
-
Phoenix Corp. faltered in the recent recession but is recovering. Free cash flow has grown rapidly. Forecasts made in 2016 are as follows. Phoenix's recovery will be complete by 2021, and there will...
-
A rate of reaction depends on four variables (Question 13.1). Explain by means of an example how the rate law deals with each of these variables.
-
Entrepreneurs Consultants, a state agency, was established to provide consulting services to small businesses. It maintains only a single general fund and accounts for its activities on a modied...
-
Fitted Values. Let \(\left.\widehat{y}_{i}=\pi\left(\mathbf{x}_{i}^{\prime} \mathbf{b}_{M L E} ight) ight)\) denote the \(i\) th fitted value for the logit function. Assume that an intercept is used...
-
The use of audit software has increased dramatically in recent years. Software is now used to fulfill administrative functions in the audit environment, document audit work, and conduct data...
-
Monty Inc. issues 500 shares of $10 par value common stock and 100 shares of $100 par value preferred stock for a lump sum of $109,000. (a) Prepare the journal entry for the issuance when the market...
-
Demello & Associates records adjusting entries on an annual basis. The company has the following information available on accruals that must be recorded for the year ended December 31, 2017: 1....
-
Briefly describe the five specific types of debt and equity securities.
-
Where on the financial statements is an unrealized holding gain or loss on available-for-sale investments reported?
-
Refer to the Psychological Science (Aug. 2011) study of fingerprint identification, Exercise 4.74 (p. 212). Recall that the study found that when presented with prints from the same individual, a...
-
What is the difference between demographic variables and behavioural variables?
-
What are the main aspects of customer adoption of the Internet that managers should be aware of?
-
A digital marketing manager must seek to control and accommodate all the main methods by which consumers may visit a company website. Describe these methods.
-
Its hard to believe that one of the most well-known dot-coms has now been established 15 years. Pierre Omidyar, a 28-year-old French-born software engineer living in California, coded the site while...
-
Explain the main types of digital marketing platform.
-
Given the following solutions: (a) 0.1 M NH 3 (b) 0.1 M Na 2 CO 3 (c) 0.1 M NaCl (d) 0.1 M CH 3 CO 2 H (e) 0.1 M NH 4 Cl (f) 0.1 M NaCH 3 CO 2 (g) 0.1 M NH 4 CH 3 CO 2 (i) Which of the solutions are...
-
Create a data model for one of the processes in the end-of-chapter Exercises for Chapter 4. Explain how you would balance the data model and process model.
-
Identify the different bus transaction types in your platform. Compute the bestcase bus bandwidth.
-
The net income of Hart Corporation amounted to $3,750,000 for the year ended December 31, 2017. There were 200,000, $9.00 cumulative preferred shares throughout the year. At January 1, 2017, Hart...
-
PR Investments Corp. ended its fiscal year on October 31, 2016, with Retained Earnings of $60,000. During 2017, the company earned net income of $155,000 and declared dividends of $17,000. The...
-
Oak Research Inc. (ORI) ended 2016 with Retained Earnings of $37,500. During 2017 ORI earned net income of $40,000 and declared dividends of $15,000. Also during 2017 ORI got a $12,000 tax refund...
-
If you were running a campaign that had lower than expected impressions, what should you do?
-
1. Develop a definition for the Triple C model of project management. 2. List some of the factors that can impede the flow of information for project planning purposes. How can these factors be...
-
The Meat Mart has $900,000 in net income. The firm has 200,000 shares of stock outstanding. The market price per share is $76. What is the PE (price to earnings) ratio?
Study smarter with the SolutionInn App