User Account

All Pages

Which statements is incorrect concerning the equity method

Assignment Help Financial Accounting
Reference no: EM132992628

Problem 1: Which of the following statements is incorrect concerning the equity method?

Select one:

a. The investment in associate is initially recorded at cost.

b. Dividends received from the associate are accounted for as income.

c. The investment in associate is increased or decreased by the investor's share of the profit or loss of the investee after the date of acquisition.

d. The investor's share of the profit or loss of the investee is recognized in the investor's profit or loss.

Reference no: EM132992628

Questions Cloud

Identify an appropriate base and set planning materiality : Identify an appropriate base and set planning materiality for BOQ. Explain why you have chosen this base and the percentage you have used.
Which is not include in the category is comprehensive income : Unrealized loss in this type of investment is presented in the statement of comprehensive income? Which is not include in the category is comprehensive income
Which post in accounting means to the cop of the information : Which post in accounting means to the cop of the information changes from the? Journal, place in the ledger, and the delete it from the journal
Which primary objective of financial reporting is to assist : Which primary objective of financial reporting is to assist? Suppliers in determining an appropriate discount to offer a particular company
Which statements is incorrect concerning the equity method : Which statements is incorrect concerning the equity method? The investor's share of the profit or loss of the investee is recognized in the investor's profit
Describe what are included in such costs : Describe what are included in such costs. Pursuant to NZ IAS 16, if an item of Property, Plant and Equipment qualifies as an asset it must be recognised initial
Which is not a benefit of a sound system of internal control : Which is not a benefit of a sound system of internal control? Greater reliability of the accounting information./ A highly marketable product
Create and complete the amortization : Calculate the amount of the annual payment? (b) Create and complete the amortization and Calculate the projected dividend for the coming year?
Solve the depreciation cost for financial year ending june : On 31 August 2022, the roof of the building was blown away and a replacement, Solve the depreciation cost for the financial year ending 30 June 2022.

Reviews

Write a Review

Financial Accounting Questions & Answers

  Financial statement analysis and preparation

Financial Statement Analysis and Preparation

  Shareholder of a company

Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?

  Financial and accounting principles

An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.

  Prepare a statement of cash flow using the direct method

Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.

  Financial accounting assignment

This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited

  Prepare general journal entries for goela

Prepare general journal entries for Goela Ltd

  Principles of financial accounting

Prepare the journal entry to record the acquisition of the assets.

  Prepare general journal entries to record the transactions

Prepare general journal entries to record the transactions, assuming use of the periodic inventory system

  Global reporting initiative

Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.

  Explain the iasb conceptual frameworks

Explain the IASB Conceptual Framework's perspective of users and their decisions.

  Determine the company''s financial statements

T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .

  Computation of free cash flow

Computation of Free Cash Flow

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd