Most New Computers Do Not Come with

question 113

Multiple Choice

Most new computers do not come with

• A)CD-ROM drives.
• B)DVD drives.
• C)floppy drives.
• D)internal hard drives.

Identify the adjustments necessary in calculating the ending non-controlling interest (NCI) balance on the consolidated statement of financial position (SFP).

Calculate and understand the impact of the equity method on the consolidated retained earnings balance.

Evaluate the fair valuation of subsidiary's assets and liabilities at acquisition and its subsequent impact on investment accounts.

Understand the implications of changes in ownership percentages of subsidiaries on the parent's consolidated financial statements.