Chapter 15 Glossary Available-for-sale (AFS) securitiesInvestments in debt and equity securities that are not classified as trading securities or held-to-maturity securities. Comprehensive incomeNet change in equity for a period, excluding owner investments and distributions. Consolidated financial statementsFinancial statements that show all (combined) activities under the parent's control, including those of any subsidiaries. Equity methodAccounting method used for long-term investments when the investor has "significant influence" over the investee. Equity securities with controlling influenceLong-term investment when the investor is able to exert controlling influence over the investee; investors owning 50% or more of voting stock are presumed to exert controlling influence. Equity securities with significant influenceLong-term investment when the investor is able to exert significant influence over the investee; investors owning 20 percent or more (but less than 50 percent) of voting stock are presumed to exert significant influence.
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