The Alimentary Canal Has Two Openings to the Exterior of the Body

question 32

True/False

The alimentary canal has two openings to the exterior of the body.

Understand the principles and applications of the equity method of accounting.

Identify the circumstances under which the equity method of accounting is appropriate.

Calculate the investment account changes due to investee's net income, dividends, and excess amortization.

Understand how to account for changes in ownership percentages and their impact on the equity method.

---

Definitions:

Specialization And Trade

The practice where individuals or entities focus on the production of specific goods or services to trade for other goods or services rather than producing everything they need by themselves.

Terms Of Trade

The ratio of an index of a country's export prices to an index of its import prices.

Bushel

A bushel is a unit of volume that is used for measuring agricultural commodities, with the exact weight varying by the type of commodity.

Lbs. Of Tea

This is not a key term in the context of economics or business; it refers to pounds of tea, a unit of measure for weight.