The Swim Lane Flowchart Is Structured to Illustrate Which Groups

question 121

True/False

The swim lane flowchart is structured to illustrate which groups or functional areas have responsibility for specific sub- processes using lanes.

---

Definitions:

Investment in Associate

An investment in associate refers to an investment in another entity where the investor has significant influence, usually indicated by owning 20% to 50% of the voting stock, but not control, over the investee.

Equity Method

is an accounting technique used to record investments in other companies, where the investment is initially recorded at cost and subsequently adjusted to reflect the investor's share of the investee's net profit or loss.

Share Capital

The major account reflecting contributed capital.

Retained Earnings

Profits that a company has elected to keep at the end of a fiscal period instead of distributing to shareholders as dividends, often used for reinvestment.