Solved

Big League Corporation Owns 500 Shares of Small Time Company's

Question 173

Multiple Choice

Big League Corporation owns 500 shares of Small Time Company's common stock. Small Time has 100,000 shares of common stock outstanding. Big League Corporation will show the investment on their books as:


A) an asset.
B) an equity.
C) a liability.
D) other comprehensive income.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q30: On the statement of cash flows, the

Q168: Other comprehensive income:<br>A) is a separate section

Q169: In accounting for investments, entries are made

Q170: A company that owns 40% of the

Q171: When rates of return are high in

Q172: On the maturity date of the bond,

Q175: On January 1, 2012, Rex Corporation purchased

Q176: Under the equity method, a company should

Q177: Under the equity method, when the equity

Q178: The Allowance to Adjust Investments account is