Acct559 (Advance Accounting) Essay

1762 WordsJul 25, 20138 Pages
Top of Form |Time Remaining: [pic] | | |Page: 1 2 3 | Page 1 [pic] |1. (TCO A) Alpha Co. owns a 30% interest in Bravo Co. and exercises significant influence. Which of the following results in a | |decrease in the investment account when applying the equity method? (Points : 5) | | | | [pic] Net income earned by the investor…show more content…
(TCO C) Charlie Co. owns an 80% interest in Delta Co. and exercises control. Which of the following is the correct entry to | |record a patent's excess amortization on the consolidation worksheet? (Points : 5) | | | | [pic] Equity in Subsidiary's Earnings XXX | | Investment in Subsidiary XXX | | [pic] Amortization Expense XXX | | Patent XXX | | [pic] Patent XXX | | Accumulated

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