What the Two Main Types of Operating Expenses

question 71

Short Answer

What the two main types of operating expenses?

Know the prospective and retrospective handling of changes in ownership interests causing a switch between equity method and fair value accounting.

Understand and apply the equity method of accounting for investments in associates.

Determine the carrying value of an investment under the equity method.

Record and report dividends received from an investment using the equity method.

---

Definitions:

Special Needs

Requirements unique to individuals with disabilities or health conditions that may require additional support or accommodation.

Learning Disabilities

Neurologically-based processing problems that can interfere with learning basic skills such as reading, writing, or math.

Attention-Deficit/Hyperactivity Disorder

A condition characterized by persistent difficulties with attention and/or impulsivity that interfere with performance and behavior in school and daily life.

Intellectual Disability

A developmental condition characterized by significant limitations in both intellectual functioning and adaptive behavior, originating before the age of 18.