Talk About: -War Communism

question 63

Essay

Talk about:
-war communism

Learn the necessity and method of consolidation adjustments to avoid double counting.

Recognize the conditions under which the fair value option is selected for accounting investments.

Understand how accounting for trading securities differs from the accounting for available-for-sale securities.

Know how to recognize and measure unrealized and realized gains or losses on investments.

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Definitions:

Ownership Interest

The right or claim an individual or entity has on assets, often evidenced by equity or shares in a company.

Parent

An entity that controls one or more entities.

Inter-Entity Transactions

Transactions occurring between two parts of the same company, often requiring elimination adjustments in consolidated financial statements.

NCI

Non-controlling interest, a portion of the equity in a subsidiary not attributable directly or indirectly to the parent company.