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is used, so ROE is the same. True The equity method arguably omits assets and liabilities from CAT's balance sheet, and omits sales and expense
is used, so ROE is the same. True The equity method arguably omits assets and liabilities from CAT's balance sheet, and omits sales and expense from its income statement (compared with the assets, liabilities, sales and expenses that would be recorded with consolidation). Therefore, RNOA would be affected. True
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Accounting Volume 2
Authors: James Reeve, Jonathan Duchac, Sheila Elworthy, Carl S. Warren
2nd Canadian edition
176501452, 978-0176501457, 978-0176509743
