Connect Access Card for Financial Accounting: Information and Decisions
Connect Access Card for Financial Accounting: Information and Decisions
8th Edition
ISBN: 9781259662966
Author: John J Wild
Publisher: McGraw-Hill Education
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Chapter C, Problem 3DQ
Summary Introduction

Concept Introduction:

An investment is considered as insignificant if the investment made by the investor is less than 20% in the investee company. The income on investments having insignificant influence is directly recorded in the income statement. 

To discuss: the valuation of short term debt investment in trading securities. 

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