Match Each of the Definitions That Follow with the Appropriate

question 134

Short Answer

Match each of the definitions that follow with the appropriate investment term (a-i).
a.equity method
b.parent company
c.subsidiary company
d.consolidated financial statements
e.fair value
f.unrealized gain or loss on investments.g.valuation allowance for investments
h.amortized cost
i.fair value method
-recognition of changes in the fair value of short-term investments

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Definitions:

IASB

International Accounting Standards Board, an independent organization that develops and approves International Financial Reporting Standards (IFRS).

Financial Accounting Standards

Rules and standards set by authoritative bodies that dictate how companies prepare and present their financial statements.

AICPA

Stands for American Institute of Certified Public Accountants, a professional organization for Certified Public Accountants (CPAs) in the United States.

SEC

The U.S. Securities and Exchange Commission, the federal agency responsible for enforcing federal securities laws and regulating the securities industry.