Matching
Match of the following
Premises:
Valuation allowance account.
Financial statements that present the total assets and liabilities controlled by the parent and the total revenues and expenses of the subsidiary companies.
The Share Investments account is adjusted for net income and dividends received.
An account that is reported in the equity section.
A company that owns more than 50% of the ordinary shares of another entity.
Company whose shares are owned by the parent company.
Amount for which a security could be sold.
Investments that are not readily marketable and not intended to be converted into cash within the next year.
Securities that may be sold in the future.
Ownership of more than 50% of another company's ordinary shares.
Responses:
Subsidiary company
Equity method
Long-term investments
Fair Value Adjustment
Non-trading securities
Unrealized Gain or Loss-Equity
Fair value
Controlling interest
Parent company
Consolidated financial statements
Correct Answer:
Premises:
Responses:
Valuation allowance account.
Financial statements that present the total assets and liabilities controlled by the parent and the total revenues and expenses of the subsidiary companies.
The Share Investments account is adjusted for net income and dividends received.
An account that is reported in the equity section.
A company that owns more than 50% of the ordinary shares of another entity.
Company whose shares are owned by the parent company.
Amount for which a security could be sold.
Investments that are not readily marketable and not intended to be converted into cash within the next year.
Securities that may be sold in the future.
Ownership of more than 50% of another company's ordinary shares.
Premises:
Valuation allowance account.
Financial statements that present the total assets and liabilities controlled by the parent and the total revenues and expenses of the subsidiary companies.
The Share Investments account is adjusted for net income and dividends received.
An account that is reported in the equity section.
A company that owns more than 50% of the ordinary shares of another entity.
Company whose shares are owned by the parent company.
Amount for which a security could be sold.
Investments that are not readily marketable and not intended to be converted into cash within the next year.
Securities that may be sold in the future.
Ownership of more than 50% of another company's ordinary shares.
Responses:
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