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Problem 1: an entity need not apply equity method to its investment in associate under which of the following
a. the entity is a parent that is exempted from preparing consolidated financial statements
b. when the investment meets the criteria to be classified as held for sale
c. when the investment is held by or is held indirectly through an entity that is a venture capital organization or a mutual fund unit trust and similar entities including investment linked insurance funds
d. in any of the choices
Problem 2: which of the following best describes past service cost under the defined benefit plan?
a. It is part of the service cost of a defined benefit plan of an entity
b. it is the increase in the present value of the defined benefit obligation arising from employee service in the current and prior period.
c. It is debited to an equity account to represent an expense arising from plan amendment
d. it is not present if the defined benefit plan of an entity has a surplus
What is escheatment and what are state laws and regulations on abandoned or unclaimed payroll funds
In most cases, all rental real estate activities (except those of certain real estate professionals) are passive activities.
At what rate of return must the insurance company invest this $35,500 in order to make the annual payments
Compute the materials price variance. Compute the labor efficiency variance. Compute the labor rate variance. Calculate the variable overhead efficiency.
Net credit sales for the year totaled $2,235,600, Calculate the amount of bad debt expense for the year if Almeda estimates the expense as 2% of sales
mc qu. 41 land is purchased for ... land is purchased for 221000. additional costs include a 15600 fee to a broker a
What types of stocks can be issued by a corporation? What are some of the features of the different types of stock
the potter company reported net income of 225000 for the current year. depreciation recorded on buildings and equipment
A calendar year firm using the full accrual accounting system has a payroll on January 5, What accounting entry is needed
For each account listed in Exercise, indicate whether its normal balance is a debit or a credit.
A company reports the following: Income before income tax expense $9,100,000. Determine the times interest earned. Round to one decimal place
Governments often have multiple objectives in imposing a tax. In each part of this question, use a demand and supply graph to illustrate your answer.
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