Quiz

Quizzes 1.| Question :| (TCO 1) only of the pursual would require use of the truth manner for enthronizations except| | | Student firmness of purpose:| | Material inter- political society transactions | | | | Investor participation in the policy-making process of the investee | | | | evaluation at fair set | | | | Technological dependency | | | | substantial authorisation | | | | Points Received:| 2 of 2 | | Comments:| | | | 2.| Question :| (TCO 1) All of the following statements regarding the enthronisation write up using the equity regularity are true except| | | Student Answer:| | The investment is record at cost | | | | Dividends receive are account as revenue | | | | Net income of investee increases the investment account | | | | Dividends received suppress the investment account | | | | Amortization of fair value everywhere cost reduces the investment account | | | | Points Received:| 2 of 2 | | Comme nts:| | | | 3.| Question :| (TCO 1) Luffman Inc. owns 30% of Bruce Inc. and appropriately applies the equity method. During the present-day(prenominal) year, Bruce bought memorial costing $52,000 and then sold it to Luffman for $80,000. At year-end, all(prenominal) of the intersection had been sold by Luffman to other customers.

What amount of unfulfilled inter-company cyberspace must be deferred by Luffman?| | | Student Answer:| | $0 | | | | $8,400 | | | | $28,000 | | | | $52,000 | | | | $80,000 | | | | Points Received:| 2 of 2 | | Comments:| | | | 4.| Question :| (TCO 1) A company should always use the equity method ! to account for an investment if| | | Student Answer:| | It has the ability to exercise material work on over the operating policies of the investee | | | | It owns 30% of some other companys stock | | | | It has a controlling interest (more than 50%) of other companys stock | | | | The investment was made...If you want to get a luxuriant essay, order it on our website: BestEssayCheap.com

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