Which of the following terms is often used to describe the equity method of accounting?
A)The 20% rule
B)One-line consolidation
C)Significant influence
D)Disaggregated consolidation

Question

Quizplus · Accepted Answer

The equity method of accounting is often referred to as "one-line consolidation" because the investor reports its share of the investee's net income as a single line item in its income statement.

Which of the Following Terms Is Often Used to Describe