GB 112/212 MANAGERIAL ACC. W/ACCESS >C<
GB 112/212 MANAGERIAL ACC. W/ACCESS >C<
17th Edition
ISBN: 9781260218831
Author: Libby
Publisher: MCG CUSTOM
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Chapter A, Problem 1ME

Matching Measurement and Reporting Methods

Match the following. Answers may be used more than once:

Measurement Method
A. Amortized cost — 1. Less than 20 percent ownership.
B. Equity method — 2. Current fair value.
C. Acquisition method and consolidation — 3. More than 50 percent ownership.
D. Fair value method

— 4. At least 20 percent but not more than 50 percent ownership.

— 5. Bonds held to maturity.

— 6. Original cost less any amortization of premium or discount with the purchase.

— 7. Original cost plus proportionate part of the income of the affiliate less proportionate part of the dividends declared by the affiliate.

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Chapter A Solutions

GB 112/212 MANAGERIAL ACC. W/ACCESS >C<

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