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Accounting Expert Answers & Study Resources : Page 5

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61. Strategic investments that occur when the investor can significantly influence the strategic operating, investing, and/or financing policies of the investee are called: A. Joint arrangement. B. Investments in associates. C. Business combinations. D. Non-strategic investment in bonds. E. Proportionate investment. 62. You are referred to as an investor when you: A. Purchase shares of company. B. Issue.

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  • 61. Strategic investments that occur when the investor can significantly
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132. Investments in associates are reported as ______________ on the balance sheet. 133. ____________ securities are securities a company intends and is able to hold until maturity. 134. An investing company that owns ____________ of another company's voting shares is presumed to have a significant influence over the investee. 135. An investing company.

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  • 132. Investments in associates reported as ______________ the balance sheet. 133.
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137. Match the following terms with the appropriate definition. 1. Subsidiary The investor owns sufficient shares to control the investee's strategic operating, investing and financing policies without the cooperation of others.   2. Equity method An accounting method used for long-term investments when the investor has significant influence over the investee.   3. Joint venture Financial statements that.

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  • 137. Match the following terms with the appropriate definition. 1. Subsidiary The
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  96. Accounting for long-term investments in equity securities with controlling influence uses the: A. Controlling method. B. Equity method. C. Investor method. D. Investment method. E. Consolidation method. 97. The controlling investor is called the: A. Owning company. B. Subsidiary company. C. Parent company. D. Investee company. E. Senior company. 98. Consolidated financial statements: A. Show the results of operations, cash flows, and.

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  •   96. Accounting for long-term investments in equity securities with controlling
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122. Mercury Corporation had the following long-term investment transactions. Prepare the journal entries Mercury Corporation should record for these transactions. 123. On December 31, Year 1, Winnipeg Corp purchased 8,000 shares of Bittner Corp's common shares. This purchase represented 35% of Bittner's outstanding shares and gave Winnipeg significant influence over Bittner's management.

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  • 122. Mercury Corporation had the following long-term investment transactions. Prepare the
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  100. If one company owns more than 20% of the shares of another company and the shares are being held as a long-term investment, which method would normally be used to account for this investment? A. Equity. B. Fair value. C. Historical cost. D. Straight-line. E. Effective. 101. On January 1, 2015, Parris Corporation purchased 75%.

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  •   100. If one company owns more than 20% of the
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6. When a corporation purchases the shares or bonds of other companies, it has made an intercorporate investment. 7. "Debt investment" and "debt security" are interchangeable terms. 8. "Share investment" and "equity security" are interchangeable terms. 9. Non-strategic investments are usually held as an investment of cash for use in current operations. 10. If.

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  • 6. When a corporation purchases the shares or bonds of
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  66. Non-strategic investments usually: A. Are purchased for the short-term. B. Include investments in associates. C. Include shares not intended to be converted into cash. D. Include bonds intended to be held-to-maturity. E. Include shares not intended to be converted into cash and include bonds intended to be held-to-maturity. 67. Non-strategic investments that are intended to.

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  •   66. Non-strategic investments usually: A. Are purchased for the short-term. B. Include
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16. Strategic investments include investments in associates, business combinations and joint arrangements. 17. Management's intent and the marketability of a security determine whether or not a security is classified as a long-term or current asset. 18. Non-strategic investments can result in gains or losses for a company. 19. The main feature of a.

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  • 16. Strategic investments include investments in associates, business combinations and
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