An intermediate item must have at least one parent and at least one component
Indicate whether the statement is true or false
TRUE
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A firm that can exert significant influence over another entity accounts for its intercorporate investment by
a. using the equity method. b. recognizes its share of the net income or net loss of the investee, after eliminating any intercompany income items, and increases (in the case of net income) or decreases (in the case of net loss) its investment account in an equal amount. c. comparing the acquisition cost of the investment to determine whether it exceeds the investor's interest in the net assets of the investee at the time of the acquisition, the investor must decide if the excess relates to assets or liabilities of the investee with a limited life. d. decreasing the investment account for dividends received. e. all of the above.
Which organization has the power to set accounting rules for companies whose stock is publicly-traded in the U.S. stock markets, but has delegated its power to another organization?
A) International Accounting Standards Board (IASB) B) Financial Accounting Standards Board (FASB) C) General Association of Accounting Practitioners (GAAP) D) Securities and Exchange Commission (SEC)
Explain how emotions and moods are interrelated.
What will be an ideal response?
Briefly summarize lump-sum awards and ESOPs.
What will be an ideal response?