On January 1, 2014, Orleans Industries Acquired a 15% Interest

question 4

Short Answer

On January 1, 2014, Orleans industries acquired a 15% interest in Florida Corporation through the purchase of 12,000 shares of Florida Corporation common stock for $320,000. During 2014, Florida Corp. paid $80,000 in dividends and reported a net loss of $100,000. Orleans is able to exert significant influence on Florida. However, Orleans mistakenly records these transactions using the cost method rather than the equity method of accounting. Which of the following would show the correct presentation for Orlean's investment using the equity method?

Understand the differences between correlation and causation in scientific research.

Know the differences between classical and operant conditioning.

Identify types of development (cognitive, physical, personality, social) and understand their stability across the lifespan.

Understand the perspectives seeking to identify behaviors resulting from genetic inheritance and their contributions to development.

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Definitions:

Medical Necessity Guidelines

Standards set by healthcare entities to determine the medical necessity and appropriateness of specific healthcare services and procedures.

Progress Note

A document in the medical record where healthcare professionals record details to document a patient's clinical status or achievements during the course of a hospitalization or over the course of outpatient care.

Narrative Diagnostic

A method of diagnosing by telling and interpreting the story of a patient's condition or symptoms.

HCPCS Level I Codes

A set of codes in the Healthcare Common Procedure Coding System used for coding services, procedures, and equipment in healthcare.