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ACTG+3933+Quiz+_1+v1+solution

ACTG+3933+Quiz+_1+v1+solution - ACTG 3933 Quiz#1 v1...

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ACTG 3933 Quiz #1 September 23, 2010 v1 Solution 1. The accounting for investments in another entity's equity instruments depends mainly on a. The level of influence the investor is able to exert b. The level of influence the investor actually exerts c. The quality of earnings of the investee d. Whether the investee pays dividends 2. When a public company holds between 20% and 50% of the outstanding common shares of an investee, which of the following applies? 3.Bitter Corporation accounts for its investment in the common shares of Young Company under the equity method. Bitter Corporation should ordinarily record a cash dividend received from Young as
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