ACC 499 help A Guide to career/uophelp.com ACC 499 help A Guide to career/uophelp.com | Page 41

U.S. GAAP view investments of between 20 and 50 percent of the
voting stock of another company (unless evidence indicates that
significant influence cannot be exercised) as
Question 9
Consolidated financial statements are typically prepared when one
company has
Question 10
U.S. GAAP view investments of less than 20 percent of the voting stock
of another company as
Question 11
U.S. GAAP and IFRS require firms to account for business
combinations using the _____ method.
Question 12
When an investor owns less than a majority of the voting stock of
another corporation, the accountant must judge when the investor can
exert significant influence. For the sake of uniformity, U.S. GAAP and
IFRS presume that significant influence exists at ownership of _____ or
more of the voting stock of the investee. (Assume that management
does not have a contractual or other basis to demonstrate that influence.)
Question 13
What is the major difference between how U.S GAAP and IFRS handle
share-based payments?
Question 14
Which of the following does IFRS require accounting students and
educators to learn?