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Nadusha1986 [10]
4 years ago
10

A company has been using the fair-value method to account for its investment. The company now has the ability to significantly c

ontrol the investee and the equity method has been deemed appropriate. Which of the following statements is true?
A. A cumulative effect change in accounting principle must occur
B. A prospective change in accounting principle must occur
C.A retrospective change in accounting principle must occur
D. The investor will not receive future dividends from the investee
E. Future dividends will continue to be recorded as revenue
Business
1 answer:
kotykmax [81]4 years ago
8 0

Answer:

Option "C"is the correct answer to the following statement.

Explanation:

The retrospective method effect requires the development of new accounting procedures. In other terms, the retrospective method would affect the reporting of past time financial statements.

In this situation, the company will use the equity method at the place of the Fair-value method for calculating and control over their investment, so the above option is correct.

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worty [1.4K]

Answer: Recruitment manager

Explanation: Recruitment manager are managers working in relation with the human resource department of the organisation and are responsible for hiring and firing of the personnel in the organisation. The main role of recruitment manager is to find competent employees to the organisation at a reasonable cost. Recruitment managers perform functions like interviews , reference check and background check etc for competent employees recruitment.

4 0
3 years ago
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Using the following information: The bank statement balance is $3,480. The cash account balance is $3,535. Outstanding checks am
Assoli18 [71]

Answer:

Preparation of bank reconciliation is shown Below:-

Explanation:

                                     Miller co.

                            Bank Reconciliation

                                      Aug-31

Cash Balance according to bank statement     $3,480

Add: Deposits in transit not recorded by bank  $729

Balance                                                                  $4209

Less: Outstanding checks                                    $796

Adjusted balance                                          $3,413

Cash Balance according to company's records $3,535

Less: Bank service charge                       $113          

Error in recording                                        $9         $122

Adjusted balance                                                      $3,413

5 0
3 years ago
One of your fellow investment adviser representatives (IAR) recently turned a large profit on the sale of a security. You overhe
shusha [124]

Answer:

Option b: The IAR engaged in front running

Explanation:

Investment Adviser are simply individuals who offers advice/analyses on securities and they are involved offering such advice (even if it's not the primary service offered). They also receives compensation for these services that is rendered. Their services also include consultation as they give advise on pension plan, sports and investments.

The SEC do offer or restricts distribution participants (underwriters and issuers) from bidding for or making secondary market purchases of the stock that is being offered in a distribution.

Front Running

This is simply said to be the act of placing a broker's personal orders ahead of a customer's large order so as to make a profit from the market effects of the trade and also when a broker who buys himself shares in a stock just before his brokerage plans to buy a large block of share.

3 0
3 years ago
President _______ worked with colombia for the opportunity of building a canal in panama.
umka21 [38]
<span>President Theodore Roosevelt</span>
4 0
3 years ago
China is an example of a command economy.<br> True False
arsen [322]

Answer:

False

Explanation:

It was once a command economy but has changed to a capitalist and communist economy

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