Identify the Substance Being Reduced in the Following Reaction

question 36

Multiple Choice

Identify the substance being reduced in the following reaction: .

• A)CH₄
• B)O₂
• C)CO₂
• D)H₂O
• E)none of the above

Recognize and account for other comprehensive income or loss under the equity method.

Transition between equity method and fair value method when applicable.

Evaluate and audit the appropriateness of using the equity method for investment accounting.

Understand the differences in equity method accounting under International Accounting Standards and FASB ASC.