Which of the Following Terms Is Often Used to Describe

question 24

Multiple Choice

Which of the following terms is often used to describe the equity method of accounting?

• A)The 20% rule
• B)One-line consolidation
• C)Significant influence
• D)Disaggregated consolidation

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Definitions:

Automated Signature

A computer-generated signature used to authenticate documents or transactions electronically.

Signature Requirement

A legal stipulation that certain documents must be signed to be recognized as valid or to enter into effect.

Order Paper

A negotiable instrument that is payable to a specific individual or entity, as named or identified in the document.

Drawee

The drawee is the party in a financial transaction, usually a bank, upon whom a check or draft is drawn and is responsible for paying the amount specified.