List and Briefly Describe the Method Used to Account for Investments

question 20

Essay

List and briefly describe the method used to account for investments in equity securities with 50% or more ownership.

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Definitions:

Nominal Data

Nominal data is a type of categorical data where values or categories cannot be logically ordered or ranked. The data represent labels or names that identify categories of similar items without implying hierarchy.

Arbitrary

Based on random choice or personal whim, rather than any reason or system.

Continuous Data

Data that can take on any value within a given range, as opposed to discrete data which can only take on specific values.

Equal Space

The provision or allocation of the same amount of physical or metaphorical room to different parties, ideas, or entities.