Welcome to Advanced Topics in the Accounting Equation: Equity Method, Consolidation, and Complex Transactions. Here are the questions you can practice with multiple choice answers. Answer all the questions and see your scores.
1.
When consolidating financial statements, how are intercompany dividends treated?
2.
Which of the following is true about goodwill in consolidation accounting?
3.
In a business combination, what is the treatment of acquisition-related costs?
4.
How are non-controlling interests (minority interests) presented in consolidated financial statements?
5.
In consolidation accounting, what is the purpose of eliminating intercompany transactions?
6.
Under the equity method, how are dividends received from the subsidiary accounted for?
7.
In the equity method of accounting, if the investee reports a net loss, how does it affect the investor's financial statements?
8.
When consolidating financial statements, how are intra-group sales treated?
9.
When using the equity method for investments in subsidiaries, which of the following statements is true?
10.
Which of the following statements is true regarding the consolidation process?
I love how you’ve explained the steps so clearly. Thanks!
Simply wish to say your article is as amazing The clearness in your post is just nice and i could assume youre an expert on this subject Well with your permission let me to grab your feed to keep updated with forthcoming post Thanks a million and please carry on the gratifying work