uuihg àn exam. If you must leave, you must turn your test MULTIPLE CHOICE, 1 poi

Question

uuihg àn exam. If you must leave, you must turn your test MULTIPLE CHOICE, 1 point each Circle one answer only in as is. 1. Company A owns 44% of Com pany B stock. Company A is deemed to h influence over Company B a. no b. minor c. significant d. controlling 2. Which of the following types of investments would not use a market adjus account? a. trading securities b. equity securities with significant influence C. available-for-sale securities all of the above investments require the use of the market adjustm account d. 3. Accounting for long-term investments in equity securities with influence uses the of accounting a. controlling method b. equity method with consolidation c. investor method d. compound method 4. Long-term investments can include a. b. c. held-to-maturity debt securities available for sale equity securities equity securities with significant influence all of the above d. ce ID Here

Explanation / Answer

Sol-

1. (c) Significant Influence

2. (b) equity securities with significant influence

3. (b) equity method with consolidation

4. (d) all of the above

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