Complete the Following Statement

question 3

Essay

Complete the following statement:
When a company invests in equity securities with 20% to 50% ownership in the investee's ________ stock,the investor can ________ ________ the investee's decisions.These types of investments must be accounted for using the ________ method.

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Definitions:

Salvage Value

The estimated resale value of an asset at the end of its useful life, used in calculating depreciation expense.

Depreciation Expense

Depreciation expense is the allocated portion of the cost of a fixed asset, recognized over its useful life, reflecting its decline in value.

Useful Life

The estimated period of time over which an asset is expected to be used by an organization before it is fully depreciated.

Accrued Revenue

Income that has been earned but not yet received or recorded at the date of the financial statements.