Examlex
Which of the following is not a function of an AP?
Consolidation Method
An accounting technique used when a company owns more than 50% of another company, requiring the financial statements of both companies to be combined as one.
Equity Securities
Equity securities represent ownership interest held by shareholders in an entity, such as stocks, signaling a claim on its proportionate share in the corporation's assets and profits.
Non-Current Section
A section of the balance sheet that lists long-term liabilities and assets that are not expected to be liquidated or paid off within one year.
Long-Term Investments
Investments in securities, bonds, real estate, or other assets intended to be held for a period exceeding one year for capital gains, dividends, or interest earnings.
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