Fundamental Accounting Principles 22th Edition by John Wild ,Ken Shaw,Barbara Chiappetta

Exercise 24

Complete the following descriptions by filling in the blanks.
1. Equity securities giving an investor significant influence are accounted for using the _________ _________.
2. Available-for-sale debt securities are reported on the balance sheet at_________ _________.
3. Trading securities are classified as _________ assets.
4. Accrual of interest on bonds held as long-term investments requires a credit to_________ _________.
5. The controlling investor (more than 50% ownership) is called the _________ , and the investee company is called the _________.