Free CFE Exam Braindumps (page: 38)

Page 38 of 105

What received from an investee are recognized in investment income when declared to the extent that they are not in excess of the undistributed accumulated earnings attributable to the investee.

  1. Income investment
  2. Consolidation
  3. Accounting interpretation
  4. Dividends

Answer(s): D



In general, a variable interest entity is subject to consolidation if it has:

  1. an insufficient amount of equity
  2. a group of equity owners that are unable to make decisions
  3. equity that does not absorb the entity's losses or receive the entity's benefits
  4. All of the above

Answer(s): D



What is represented between a 20 percent and 50 percent interest generally are reported using the equity method of accounting?

  1. Intellectual investments
  2. Investments in subsidiaries
  3. Accrual accounting
  4. weighted-potential investment

Answer(s): B



A derivative is a financial instrument or other contract with which key characteristic?

  1. An underlying and a notional amount
  2. no initial net investment
  3. the ability to "net settle" the contract
  4. All of the above

Answer(s): D



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sena commented on May 31, 2019
I will see if this helps
TURKEY
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