Push-Down Accounting

question 19

Multiple Choice

Push-down accounting

• A)requires a subsidiary to use the same accounting principles as its parent company.
• B)is required when the parent company uses the equity method to account for its investment in a subsidiary.
• C)is required when the parent company uses the cost method to account for its investment in a subsidiary.
• D)is the process of recording the effects of the purchase price assignment directly on the books of the subsidiary.

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Definitions:

Openness

In psychology, a personality trait that involves the appreciation for new experiences, creativity, and a willingness to entertain novel ideas.

First Impressions

The initial judgments and perceptions formed about someone upon meeting them for the first time, which can be long-lasting and hard to change.

Configural Properties

Features of stimuli that are perceived as a whole, where the arrangement and holistic aspects matter more than the sum of individual components.

Qualities Of Personality Judges

Traits or characteristics that make someone effective at assessing and understanding others’ personalities, such as empathy, insightfulness, and strong observational skills.