Matching
Match the items below
Premises:
Valuation allowance account.
Amount for which a security could be sold.
Ownership of more than 50% of another company's common stock.
Debt securities that may be sold in the future.
Investments that are not readily marketable.
Financial statements that present the assets and liabilities controlled by the parent and the aggregate profitability of the affiliated companies.
The Stock Investments account is adjusted for net income and dividends received.
Investments in government and corporation bonds.
Entity whose stock is owned by the parent company.
An account that is reported in the stockholders' equity section.
Responses:
Available-for-sale securities
Subsidiary company
Equity method
Unrealized Gain or Loss—Equity
Fair value
Consolidated financial statements
Controlling interest
Fair Value Adjustment
Debt investments
Long-term investments
Correct Answer:
Premises:
Responses:
Valuation allowance account.
Amount for which a security could be sold.
Ownership of more than 50% of another company's common stock.
Debt securities that may be sold in the future.
Investments that are not readily marketable.
Financial statements that present the assets and liabilities controlled by the parent and the aggregate profitability of the affiliated companies.
The Stock Investments account is adjusted for net income and dividends received.
Investments in government and corporation bonds.
Entity whose stock is owned by the parent company.
An account that is reported in the stockholders' equity section.
Premises:
Valuation allowance account.
Amount for which a security could be sold.
Ownership of more than 50% of another company's common stock.
Debt securities that may be sold in the future.
Investments that are not readily marketable.
Financial statements that present the assets and liabilities controlled by the parent and the aggregate profitability of the affiliated companies.
The Stock Investments account is adjusted for net income and dividends received.
Investments in government and corporation bonds.
Entity whose stock is owned by the parent company.
An account that is reported in the stockholders' equity section.
Responses:
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