______________ has sometimes been described as 'one-line consolidation'.
A)The equity method of accounting
B)A joint venture
C)A passive investment
D)Significant influence

Question

Quizplus · Accepted Answer

The equity method of accounting is sometimes referred to as 'one-line consolidation' because it involves reporting the investor's share of the net income or loss of the investee on a single line in the investor's income statement. This method is used when the investor has significant influence over the investee but doesn't have control.

______________ Has Sometimes Been Described as 'One-Line Consolidation