In a small group of students, locate the annual reports of three companies with investments in other
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In a small group of students, locate the annual reports of three companies with investments in other companies. Compare the accounting and reporting for the investments by the three companies. For instance, by reading the notes to the financial statements, try to determine whether they account for the investments using the cost or equity methods. Is there goodwill on the balance sheets? How much of the goodwill is amortized for each of the last two years? What else can you determine about the investments? Write a report to your instructor summarizing your findings.
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Related Book For
Financial Accounting A Business Perspective
ISBN: 9780072289985
7th Edition
Authors: Roger H. Hermanson, James Don Edwards
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