a.Which of the following statement/s regarding the method of consolidation is true: (1) Subsidiaries are consolidated in full (2) Associates are equity accounted Select one: a. Neither statement b. Statement (1) only c. Both statements d. Statement (2)
a.Which of the following statement/s regarding the method of consolidation is true:
(1) Subsidiaries are consolidated in full
(2) Associates are equity accounted
Neither statement
Statement (1) only
Both statements
Statement (2)
Q2. Which of the following is a characteristic of the cost method of accounting for subsidiary operations?
Parent company net income equals consolidated net income.
More working paper eliminations are required than for the equity method of accounting.
Consolidated amounts differ from the comparable amounts under the equity method of accounting.
None of the above
Q3.
How soon does
The year after acquisition
The year of acquisition
Two years after acquisition
None of the above
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