Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. this is a material from "principals of accounting"

This is a material from "Principals of Accounting" course, chapter "Investments and International Operations". I...

50.1K

Verified Solution

Question

Accounting

This is a material from "Principals of Accounting" course, chapter "Investments and International Operations".

I know that the equity method is only for investments when the investor has control over 20% of the corporation.

But, if someone has invested short term in a corporation and has 10% control over the shares, then does the net income the corporation announced has no affect to that person's personal journal entries?

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Biology
1.2K views

The picture below shows the cross section of a A

Physics
1.2K views

2 In the figure a simple pendulum is released from rest in the horizontal position...

Geometry
1.2K views

Using the rules of standard deviation if a value is with in standard deviations of...

Basic Math
1.2K views

Consider the function 3-x/2 ...

Accounting
1.2K views

Two 100-horsepower motors are under consideration by the Mighty Machinery Company. Motor Q costs $5,000...

Accounting
1.2K views

ABC Company produces and sells four products. Information about these products for 2019, the most...

Accounting
1.2K views

If $100,000 of taxable income earned by a Hong Kong branch constitutes interest income from...

Accounting
1.2K views

A cash budget would include: Multiple Choice gain on sale of equipment. ...

Accounting
1.2K views

Use the linear interpolation method to find the missing values. Please show the work on...

Accounting
1.2K views

(6125 Down Under Products Ltd. of Australia has budgeted sales of its popular boomerang for...

Accounting
1.2K views

5. Describe the main features or statements in an audit report. 6. What is PCAOB's...

Finance
1.2K views

Cullumber Sales Company has sales of $1,500,000. If the company's management expects sales to grow...