Obtain the 2016 annual report of FCA Group (www.fcagroup.com), which manufactures Fiat-brand automobiles as well as other
Question:
Obtain the 2016 annual report of FCA Group (www.fcagroup.com), which manufactures Fiat-brand automobiles as well as other products.
Required:
Find FCA’s discussion of “Basis of Consolidation” in the “Significant Accounting Policies” note that follows the financial statements. Is FCA accounting for its equity investments in a way that is consistent with U.S. GAAP in effect in 2018? Explain.
Generally Accepted Accounting Principles (GAAP) is the accounting standard adopted by the U.S. Securities and Exchange Commission (SEC). While the SEC previously stated that it intends to move from U.S. GAAP to the International Financial Reporting Standards (IFRS), the...
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P 146 of the Annual Report includes the following note Under the equity method the investments are i...View the full answer
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Related Book For 
Intermediate Accounting
ISBN: 978-1260481952
10th edition
Authors: J. David Spiceland, James Sepe, Mark Nelson, Wayne Thomas
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