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Which of the following is the correct matching

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116.Which of the following is the correct matching concerning an investor's influence on theoperations and financial affairs of an investee?% of Investor OwnershipPresumed Influencea.Less than 20%Short-termb.Between 20%-50%Significantc.More than 50%Long-termd.Between 20%-50%ControllingAns: B, LO: 2, Bloom: K, Difficulty: Easy, Min: 2, AACSB: None, AICPA BB: Legal/Regulatory Perspective, AICPA FC: Reporting, AICPA PC: None, IMA:ReportingH-27
117.Which of the following is the correct matching concerning the appropriate accounting forlong-term stock investments?Reporting
FOR INSTRUCTOR USE ONLY
Test Bank for Financial Accounting: Tools for Business Decision Making, Eighth Edition118.If the cost method is used to account for an investment in common stock
119.If a company acquires a 40% common stock interest in another company

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Term
Fall
Professor
professor_unknown
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