Question
Please respond quickly I have a test 1-Which account is not used under the equity method ? a-dividends receivable b- dividend income C-equity in net
Please respond quickly I have a test
1-Which account is not used under the equity method ? a-dividends receivable b- dividend income C-equity in net income of subsidiary 2-Aparent cannot consolidate a subsidiary that a-ls in an unrelated line of business. c-Has a different year-end. 3-Patro Inc. acquired 100% of Sage Inc. outstanding common stock at a total cost of $ 100000. Sage s net assets have a book value of $ 60000 and a current value of $ 90000. In the parent s general ledger, how much would d-investment in subsidiary b-is in a foriegn country. d-Has filed for bankruptcy protection. be shown in the good will account ? a-S-0 b-$10000 c-$30000 d-$40000. 4-Debt investments are initially recorded at : a-cost b-cost plus accrued interest c-fair value d-none of the above 5-The statement of cash flows should not be used to evaluate an entity s ability to: a-earn net income b-generate future cash flows c-pay dividends d-meet obligations
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