Soo Lin Began an Internet Consulting Practice and Completed These

question 1

Essay

Soo Lin began an Internet Consulting practice and completed these transactions during April of the current year:
Show the effects of the above transactions on the accounting equation of Soo Lin, Consultant. Use the following format for your answers. The first item is shown as an example.
Increase = I Decrease = D No effect = N
$$\begin{array} { | c | c | c | c | } \hline \text { Date } & \text { Assets } & \text { Liabilities } & \text { Equity } \\\hline \text { Example: } & & & \\\hline \text { April 1 } & \text { I } & \text { N } & \text { I } \\\hline & & & \\\hline & & & \\\hline & & & \\\hline & & & \\\hline & & & \\\hline & & & \\\hline & & & \\\hline & & & \\\hline\end{array}$$

Distinguish between various methods of accounting for investments depending on the level of influence over the investee.

Recognize the impact of changes in fair value on the reporting of available-for-sale and trading securities.

Learn the specific accounting treatments for unrealized gains and losses on securities.

Understand the procedures for consolidating financial statements for a parent company and its subsidiary.

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Definitions:

Kant

Immanuel Kant was an 18th-century German philosopher whose work in epistemology, ethics, and aesthetics had a profound influence on modern philosophy.

Disinterested Perspective

An unbiased, objective view without personal interest, prejudice, or financial stake.

Early Nineteenth Century

A period marked by significant social, political, and cultural changes in the world, roughly spanning the years from 1801 to 1830.

Hegel

A German philosopher, Georg Wilhelm Friedrich Hegel, known for his contributions to idealism and his dialectical method of thesis, antithesis, and synthesis.