Multiple Choice
Match the following terms to their correct definition:
-Name given to the investee when an investor owns over 50% of the investee's outstanding common stock
A) equity security
B) debt security
C) passive
D) significant influence
E) control
F) parent
G) subsidiary
H) trading securities
I) available-for-sale securities
J) held-to-maturity securities
K) amortized cost method
L) fair value method
M) unrealized gains and losses
N) equity method
O) consolidation worksheet
P) minority interest
Q) business combination
R) goodwill
Correct Answer:

Verified
Correct Answer:
Verified
Q10: The future value of a single amount
Q11: Select the incorrect statement from the following:<br>A)Adjustments
Q12: The journal entry to record the interest
Q13: Match the following terms to their correct
Q14: On January 1, 2011, P Company purchased
Q16: The journal entry required to record the
Q17: A company is referred to as a
Q18: Tom liquidates an investment, and his proceeds
Q19: The first cash flow in the future
Q20: Tusk Company acquired all of the assets