A corporation acquires a 30% voting interest in another corporation. In this situation, the long-term investment is

Question

is generally accounted for on the investor corporation’s books using which of the following reporting methods?

A. Lower-of-cost-or-market.

B. Cost.

C. Consolidated.

D. Equity.

VENKITARAMAN KRISHNA MOORTHY VRINDAVAN · Answer

Reporting method: Equity --- Option D

Ahmed kandil · Answer

answer D is the correct answer

IMRAN ALI MOHAMMED · Answer

As the Corporation has gained significant influence in other corporation by acquiring30%, the investment should be by reported by using 'Equity Value Method'.

Syed Ammar · Answer

C. Consolidated. ,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,

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A corporation acquires a 30% voting interest in another corporation. In this situation, the long-term investment is

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