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Match the Items Below by Entering the Appropriate Code Letter

Question 313

Matching

Match the items below by entering the appropriate code letter in the space provided.

Premises:
Amount for which a security could be sold.
Financial statements that present the assets and liabilities controlled by the parent and the aggregate profitability of the affiliated companies.
Purchase of a company in the same industry but involved in a different activity.
Investments that are not readily marketable.
Valuation allowance account.
An account that is reported in the stockholders' equity section.
Entity whose stock is owned by the parent company.
Securities that may be sold in the future.
Ownership of more than 50% of another company's common stock.
The Stock Investments account is adjusted for net income and dividends received.
Responses:
Controlling interest
Equity method
Consolidated financial statements
Subsidiary company
Vertical acquisition
Long-term investments
Fair value
Fair Value Adjustment
Available-for-sale securities
Unrealized Gain or Loss—Equity

Correct Answer:

Amount for which a security could be sold.
Financial statements that present the assets and liabilities controlled by the parent and the aggregate profitability of the affiliated companies.
Purchase of a company in the same industry but involved in a different activity.
Investments that are not readily marketable.
Valuation allowance account.
An account that is reported in the stockholders' equity section.
Entity whose stock is owned by the parent company.
Securities that may be sold in the future.
Ownership of more than 50% of another company's common stock.
The Stock Investments account is adjusted for net income and dividends received.
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