The SEC Requires the Use of Push-Down Accounting in Some

question 8

Multiple Choice

The SEC requires the use of push-down accounting in some specific situations.Push-down accounting results in:

• A)​goodwill be recorded in the parent company separate accounts.
• B)​eliminating subsidiary retained earnings and paid-in capital in excess of par.
• C)​reflecting fair values on the subsidiary's separate accounts.
• D)​changing the consolidation worksheet procedure because no adjustment is necessary to eliminate the investment in subsidiary account.

---

Definitions:

Interest And Attentiveness

The state of wanting to learn more about something or someone, combined with the quality of giving close and continuous attention.

Morphed Faces

Digitally combined images of two or more faces to create a new, composite facial appearance.

Experimental Images

Pictures or visuals used in experiments to study cognitive and emotional responses.

Averaged Faces

Composite images made by combining several photographs of different people's faces to produce a prototypical face of average appearance.