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Accounting for equity investments in other entities depends crucially on the level of influence the investor holds on the investee. In previous weeks, you have already learned how to account for equity investments where the investors obtain control over the investees. In Week 9, you have learned the case where the investors can exert 'significant influence' over the investees. In the former case, the investor is required to consolidate the investee's financial statements, while in the latter the investor shall apply the 'equity method' to account for the investment.
Some commentators argue that having these very different treatments for similar investments is problematic as the distinction between control and significant influence is often unclear, which gives managers some flexbility to choose equity method to mask the underlying economic truth. However, many experts contend that different treatments are needed to reflect the extent to which the investee is integrated with the investor.
Discuss whether it is more desirable to require uniform accounting treatment for equity investments regardless of the level of influence the investor holds on the investee.
on january 1 a company issued 10 10 year bonds payable with a par value of 720000.the bonds pay interest on july 1 and
Find the final price paid for Total amount in coupons and rebates. Audrey Patterson purchased a chicken sandwich for $4.59 and a $1.79 drink.
The Balance Sheet Summarize the information as an investor what would I look for on each of the four basic financial statements, and explain why that information is pertinent to you. Include answers to two of the four questions below in your summary:..
determine the (1) weighted- average contribution margin, (2) break-even point in units, and (3) number of units of each product that will be sold at the break-even point.
What amount of unrealized gain should be reported as a result of the change in the accounting method assuming the shares are currently traded
Determine the annual payment on a $600,000, 10 percent, business loan from a commercial bank that is to be amortized over a five-year period?
For each of the above 6 transaction information, provide all relevant journal entries, if any, required on 31 December 2019
Explain Each student is expected to take a public limited company ,give details about the company and work on the IND AS followed by that company in details.
Determine What amount should Fortsman have reported as interest expense for the year ended December 31, 20X4? For ease of computation
The bond matures in 21 years and the yield to maturity on similar bonds is 8.7%. What is the price of the bond
Calculate the amount of depreciation for the first year ending on Mar 31, 2009 if the machine was purchased on (i) Apr 1, 2008, (ii) July 1, 2008, (iii) Oct 1, 2008 and (iv) Jan 1, 2009.
What would happen to interest rates on municipal securities, given the following scenarios?- The government increases marginal tax rates.- The tax exemption on municipals is eliminated.- Corporate profits fall severely.
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