MATCHING: -The Share of Profits or Property to Which the Owners

question 28

Multiple Choice

MATCHING:
-The share of profits or property to which the owners of a business are entitled

• A)spendthrift
• B)life estate
• C)disinheritance
• D)dividend
• E)fair market value
• F)homestead
• G)receivables
• H)life insurance
• I)contract for deed
• J)primary beneficiary

Understand the accounting treatment and classification of investments on the cash flow statement.

Recognize the criteria for the use of consolidation accounting and when to apply the equity method.

Calculate the carrying amount of investments using the equity method.

Evaluate the impact of investment transactions and adjustments on financial statements.