Method of accounting used? Theconsolidationmethodofaccounting is used when ownership is?A) Less than 20%B) Between 20% and 50%C) More than 50%D) Exactly 50%

Option a: This option is incorrect because instead of consolidation method, cost method or equity…

Answered: The consolidation method of accounting…

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter3: Analyzing And Recording Transactions

Section: Chapter Questions

Problem 1EA: Match the correct term with its definition. A. cost principle i. if uncertainty in a potential...

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The consolidation method of accounting is used when ownership is? A) Less than 20% B) Between 20% and 50% C) More than 50% D) Exactly 50%