Connect Access Card for Financial Accounting: Information and Decisions
Connect Access Card for Financial Accounting: Information and Decisions
8th Edition
ISBN: 9781259662966
Author: John J Wild
Publisher: McGraw-Hill Education
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Chapter C, Problem 10DQ
Summary Introduction

Concept Introduction:

The equity method is one of the methods used for accounting investment in equity securities. This method is applied when the investor exercises significant influence over the investee company. Under the equity method, the investment value is updated with the share in the net income of the investee.

To indicate:the cases when the equity method is used for accounting of investment in equity.

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