Match the Following Terms to Their Correct Definition

question 45

Multiple Choice

Match the following terms to their correct definition:
-Method of accounting required for all passive investments in which the investment is valued at the price for which the investor could sell the asset in an orderly transaction between market participants

• A)equity security
• B)debt security
• C)passive
• D)significant influence
• E)control
• F)parent
• G)subsidiary
• H)trading securities
• I)available-for-sale securities
• J)held-to-maturity securities
• K)amortized cost method
• L)fair value method
• M)unrealized gains and losses
• N)equity method
• O)consolidation worksheet
• P)minority interest
• Q)business combination
• R)goodwill

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Definitions:

Central Government

The political authority that governs an entire nation or country, as opposed to local or state governments.

Public Education

An education system that is provided by the government, funded by taxes, and is free of charge for the students.

Local Jurisdictions

Specific geographical areas and the governmental authorities that have legal power to govern and enforce laws within those regions.

Achievement Test

An exam designed to assess a person's knowledge or proficiency in a particular area or subject.