When Applying the Equity Method, How Is the Excess of Cost

question 80

Multiple Choice

When applying the equity method, how is the excess of cost over book value accounted for?

• A) The excess is allocated to the difference between fair value and book value multiplied by the percent ownership of current assets.
• B) The excess is allocated to the difference between fair value and book value multiplied by the percent ownership of total assets.
• C) The excess is allocated to the difference between fair value and book value multiplied by the percent ownership of net assets.
• D) The excess is allocated to goodwill.
• E) The excess is ignored.

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Definitions:

Chimera

An organism consisting of two or more kinds of genetically dissimilar cells.

Genetically Similar Cells

Cells that have nearly identical genetic material, often as a result of replication in processes such as mitosis.

Homeotic Genes

Genes that control the development of anatomical structures in organisms, ensuring parts develop in the correct locations.

Transcription Factors

Proteins that regulate gene expression by binding to DNA sequences, thereby controlling the transfer of genetic information from DNA to mRNA.