When Some of the Entries in a Structure Contain Repeating

question 31

Short Answer

When some of the entries in a structure contain repeating groups and thus are not single-valued, the structure is called a(n) ____________________.

Understand the equity method for accounting investments and its impact on financial statements.

Differentiate between the equity method and the cost method of accounting for long-term investments.

Identify the presentation and effects of consolidated financial statements.

Recognize how cash dividends received are accounted for under the equity method.

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Definitions:

Memories

The faculty by which the mind stores and remembers information; also refers to the mental record of past experiences.

Reality Principle

A concept in psychoanalytic theory representing the ability of the mind to assess the external world and act upon it accordingly, as opposed to the pleasure principle.

Ego

In psychoanalytic theory, the part of the personality that deals with the reality of the world and tries to meet the needs of the id in socially acceptable ways.

Phallic

Relating to the third stage of psychosexual development in Freud's theory, focusing on pleasure from the genital area.