Multiple Choice
When a corporation owns more than 50 percent of the voting stock in another corporation,it usually should report its investment by using (the)
A) equity method.
B) cost adjusted to market method.
C) book value method.
D) consolidated financial statements.
Correct Answer:

Verified
Correct Answer:
Verified
Q21: The equity method generally should be used
Q22: The ability of an investing company to
Q23: The Allowance to Adjust Long-Term Investments to
Q24: On January 1,2014,Woodside Corporation purchased 5,000 shares
Q25: A controlling investment is defined as ownership
Q27: With few exceptions,all subsidiaries in which the
Q28: Available-for-sale debt securities are valued on the
Q29: Unless there is evidence to the contrary,an
Q30: Held-to-maturity securities are valued on the balance
Q31: Investments with a maturity of less than