In joint venture accounting, the equity method requires? (a) Line-by-line consolidation (b) Recognition of share of profits and net assets (c) Cost method only (d) Fair value accounting
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In joint venture accounting, the equity method requires? (a) Line-by-line consolidation (b) Recognition of share of profits and net assets (c) Cost method only (d) Fair value accounting
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- Question: about IFRS 2. Evaluate whether the treatment of the two types of share-based payments as equity (equity- settled share based payment) or liability(cash settled share-based payment) is in line with the enhancing qualitative characteristics in the IASB Conceptual Framework?? Answer shareThe fair value method of accounting for stock a.recognizes dividends as income b.requires the investment to be decreased by the reported net income of the investee c.requires the investment to be increased by the reported net income of the investee d.is only appropriate as part of a consolidation
- Consider the following statements.I. In applying the Equity Method of accounting for investments in associates, dividends received from the investee are considered a return of capital and should be credited to stockholders’ equity of the investor.II. A subsidiary is an affiliate that is not controlled by an enterprise directly, or indirectly, through one or more intermediaries.State whether the foregoing statements are correct.a. Only I is correctb. Only II is correctc. I and II are correctd. Neither I nor II is correctS1: The acquisition-related costs in a business combination to be expensedimmediately include cost of issuing debt securities. S2: In a business combination any “gain on bargain purchase” shall be recognized in other comprehensive income. A. Only S1 is correct.B. Only S2 is correct.C. Both statements are incorrect.D. Both statements are correct.How is the investor’s share of gross profit on intra-entity sales calculated? Under the equity method, how does the deferral of gross profit affect the recognition of equity income?
- Q. Which of the following is within the scope of investments accounted for using the equity method of accounting?a) Investment in a wholly-owned or partly-owned subsidiaryb) Joint venture's debt or equity instruments traded in a public marketc) Investment in associate that meets the criteria to be classified as held forsaled) Investment in a financial asset, measured at fair value20Direct cost incurred in a business combination are A. CapitalizedB. ExpensedC. Capitalized, except for costs of issuing equity and debt instrumentsD. Expensed, except for costs of issuing equity and debt instruments
- Please do not give solution in image format ?When shares are issued in exchange of legal services in order to incorporate an entity, the proper account to be debited is ______________, and the amount should be equal to _______________. a. Legal fees, fair value of the services b. Organization costs, par value of the shares c. Organization costs, fair value of the services d. Organization costs, fair value of the shares e. Legal fees, par value of the sharesThe method of accounting for subsidiaries where investment income is limited to dividends received is the a. cost method. b. simple equity method. c. investment method. d. sophisticated equity method.