Solved

Match the Items Below by Entering the Appropriate Code Letter

Question 273

Matching

Match the items below by entering the appropriate code letter.

Premises:
Entity whose shares are owned by the parent company
Financial statements that present the assets and liabilities of the parent and the subsidiary company
An investment in equity securities that is purchased to influence or control another
Normally exists when the investor owns 20% or more of the investee's voting shares
Debt instrument held to earn interest income that does not mature within the next year
The investor has control over an investee.
An investment in which there is intention of establishing and maintaining a long-term operating relationship
Accounting entries are required to adjust the investment's carrying value for any increase and decrease in its fair value
The issuer of a bond
Securities that are held for resale in the near future, hopefully at a gain
Amount for which an investment could be sold for in the market
The Equity Investment in Common Shares account is adjusted for profit and dividends received
Responses:
Strategic Investment
Investments at FVTPL
Significant Influence
Investment Income or Loss
Investee
Fair value
Consolidated financial statements
Parent company
Equity method
Long-term investment
Subsidiary company

Correct Answer:

Entity whose shares are owned by the parent company
Financial statements that present the assets and liabilities of the parent and the subsidiary company
An investment in equity securities that is purchased to influence or control another
Normally exists when the investor owns 20% or more of the investee's voting shares
Debt instrument held to earn interest income that does not mature within the next year
The investor has control over an investee.
An investment in which there is intention of establishing and maintaining a long-term operating relationship
Accounting entries are required to adjust the investment's carrying value for any increase and decrease in its fair value
The issuer of a bond
Securities that are held for resale in the near future, hopefully at a gain
Amount for which an investment could be sold for in the market
The Equity Investment in Common Shares account is adjusted for profit and dividends received
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