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Hello students, here is a question.
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Analyze the potential impact of eliminating the respective applications of an equity method to increase the previously held ownership interest that result in a significant influence and control which qualify for using the equity method.
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So, the equity method will be the equity method is an accounting technique, technique which has been used by a company to record the profit earned through the investment on another company.
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With the equity method of accounting, the investor company reports the revenue earned from other company.
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So, it shows the revenue earned.
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So, with the equity method of accounting, the investor company reports the revenue earned by other company on its income statement.
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So, in amount of proportional to the percentage of equity investment in other company, fasb, asc...