Business, 01.11.2019 06:31, kathrynway2715
Prior to gaap for equity method investments, firms often used the cost method to account for their unconsolidated investments in common stock regardless of the presence of significant influence. the cost method employed the cash basis of income recognition. when the investee declared a dividend, the investor recorded "dividend income." the investment account typically remained at its original cost—hence the term cost method.
many firms' compensation plans reward managers based on reported annual income. how might the use of the cost method of accounting for significant influence investments have resulted in unintended wealth transfers from owners to managers? do the equity or fair-value methods provide similar incentives?
Answers: 2
Business, 22.06.2019 23:30, phillipselijah2
Match the different financial tasks to their corresponding financial life cycle phases wealth protection, wealth accumulation and wealth distribution
Answers: 3
Business, 23.06.2019 02:20, jadenmenlovep7s7uj
You park your car on sixth street and walk over to the quad for lunch. while crossing wright street, you are hit by a bicyclist and knocked to the ground. you hit your head so hard you are knocked out. when you wake up, the person who hit you is gone. you incur $45,000 in medical bills. the person who hit you would be liable for $150,000 in damages if you could find them. your policy will pay:
Answers: 1
Business, 23.06.2019 11:00, SillyEve
If quotas on sugar were eliminated in the united states, domestic production of sugar would fall. why is this a benefit in economic terms for the united states? i. resources are freed up that could be used more efficiently elsewhere. ii. it is beneficial because it allows foreign producers of sugar to earn income and thus those countries are better off. iii. u. s. consumers are able to enjoy increased consumer surplus because of the lower prices of imported sugar.
Answers: 1
Prior to gaap for equity method investments, firms often used the cost method to account for their u...
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