Single Problem

Get Single Problem Homework Help from Experts

Ask an Expert,
Get an Answer ASAP!

Single Problem

How would you describe a change that a company makes from

Customer Question
the equity method to the...
how would you describe a change that a company makes from the equity method to the fair value method of accounting for investments?
Submitted: 1 year ago.Category: Single Problem
Show More
Show Less
Ask Your Own Single Problem Question
Answered in 3 hours by:
1/31/2016
Business Tutor: rakhi.v, Bachelor's Degree replied 1 year ago
rakhi.v
rakhi.v, Bachelor's Degree
Category: Single Problem
Satisfied Customers: 4,546
Experience: Financial & Legal Consultant Graduated in law with Emphasis on Finance - 10 yrs experience
Verified

Dear Friend,

Hello and welcome. Thank you for providing me an opportunity to assist you.

Normally when a company changes from equuity method to the fair value method of accounting, most probably it is done when the owner ship interest gets 20

Ask Your Own Single Problem Question
Business Tutor: rakhi.v, Bachelor's Degree replied 1 year ago

Dear Friend,

Hello and welcome. Thank you for providing me an opportunity to assist you.

Normally when a company changes from equity method to the fair value method of accounting, most probably it is done when the owner ship interest gets 20% or lower.

The ownership of less than 20% creates an investment position carried at fair market value in the investor's balance sheet. Fair market value (FMV) is an estimate of the market value of a property, based on what a knowledgeable, willing, and unpressured buyer would probably pay to a knowledgeable, willing, and unpressured seller in the market.

It is only this circumstance that usually leads to change from equity method of accounting investments to fair value method.

Ask Your Own Single Problem Question
Business Tutor: rakhi.v, Bachelor's Degree replied 1 year ago

I am sure this would help.

You may please leave a positive rating if this helps as this is the only way we are compensated for assisting you. Alternatively, you may revert back with a reply if you need further assistance or if I have missed out on any aspect of your question.

Warm Regards,

Ask Your Own Single Problem Question
Ask rakhi.v Your Own Question
rakhi.v
rakhi.v
rakhi.v, Bachelor's Degree
Category: Single Problem
Satisfied Customers: 4,546
4,546 Satisfied Customers
Experience: Financial & Legal Consultant Graduated in law with Emphasis on Finance - 10 yrs experience

rakhi.v is online now

A new question is answered every 9 seconds

How JustAnswer works:

  • Ask an ExpertExperts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional AnswerVia email, text message, or notification as you wait on our site. Ask follow up questions if you need to.
  • 100% Satisfaction GuaranteeRate the answer you receive.

JustAnswer in the News:

Ask-a-doc Web sites: If you've got a quick question, you can try to get an answer from sites that say they have various specialists on hand to give quick answers... Justanswer.com.
JustAnswer.com...has seen a spike since October in legal questions from readers about layoffs, unemployment and severance.
Web sites like justanswer.com/legal
...leave nothing to chance.
Traffic on JustAnswer rose 14 percent...and had nearly 400,000 page views in 30 days...inquiries related to stress, high blood pressure, drinking and heart pain jumped 33 percent.
Tory Johnson, GMA Workplace Contributor, discusses work-from-home jobs, such as JustAnswer in which verified Experts answer people’s questions.
I will tell you that...the things you have to go through to be an Expert are quite rigorous.

What Customers are Saying:

Wonderful service, prompt, efficient, and accurate. Couldn't have asked for more. I cannot thank you enough for your help.

Mary C.Freshfield, Liverpool, UK

This expert is wonderful. They truly know what they are talking about, and they actually care about you. They really helped put my nerves at ease. Thank you so much!!!!

AlexLos Angeles, CA

Thank you for all your help. It is nice to know that this service is here for people like myself, who need answers fast and are not sure who to consult.

GPHesperia, CA

I couldn't be more satisfied! This is the site I will always come to when I need a second opinion.

JustinKernersville, NC

Just let me say that this encounter has been entirely professional and most helpful. I liked that I could ask additional questions and get answered in a very short turn around.

EstherWoodstock, NY

Thank you so much for taking your time and knowledge to support my concerns. Not only did you answer my questions, you even took it a step further with replying with more pertinent information I needed to know.

RobinElkton, Maryland

He answered my question promptly and gave me accurate, detailed information. If all of your experts are half as good, you have a great thing going here.

DianeDallas, TX

< Previous | Next >

Meet the Experts:

linda_us

linda_us

Master's Degree

787 satisfied customers

A tutor for Business, Finance, Accounts and other related topics.

Manal Elkhoshkhany

Manal Elkhoshkhany

Bachelor's Degree

497 satisfied customers

Finished my BA degree with a GPA of 4.0.

F. Naz

F. Naz

B.Com

323 satisfied customers

Have completed B.Com and CA Finalist

Mr. Gregory White

Mr. Gregory White

Master's Degree

279 satisfied customers

M.A., M.S. Education / Educational Administration

Bizhelp

Bizhelp

CPA

265 satisfied customers

BA degree and Certified Public Accountant

Dave CPA

Dave CPA

Accountant

98 satisfied customers

Sound knowledge base in accounting and finance.

MyVirtualCPA

MyVirtualCPA

Master's Degree

96 satisfied customers

Master's Degree in Accounting with excellent math and reasoning skills

< Previous | Next >

Related Single Problem Questions
What is the purpose of a company discounting services? So,
What is the purpose of a company discounting services? So, for example, if a law firm tells me that they are going to charge me $100 but I get a bill and it reads that the normal charge was $450 but t… read more
Steve
Steve
Master\u0027s Degree
954 satisfied customers
Complete, in good form, all requirements of Problem 24.4A on
Complete, in good form, all requirements of Problem 24.4A on pages 866-867 in College Accounting, 12th edition.Complete, in good form, all requirements of Problem 24.4A on pages 866-867 in College Acc… read more
F. Naz
F. Naz
B.Com
CA Finalist & Completed B.com
323 satisfied customers
Purpose The purpose of this challenge is to test applicant's
Purpose The purpose of this challenge is to test applicant's ability to research and document accounting and financial statement treatment and presentation conclusions related to a test scenario.Backg… read more
F. Naz
F. Naz
B.Com
CA Finalist & Completed B.com
323 satisfied customers
How much is the fee? I have a comprehensive tax return
i am a student a need a good grade the deadline is due December 22th… read more
PDtax
PDtax
Owner
Master\u0027s Degree
1 satisfied customers
Preferred Stock $500,000 Common Stock (300,000 shares at $3
Preferred Stock $500,000 Common Stock (300,000 shares at $3 par) 900,000 Paid-in capital in excess of par 100,000 Retained Earnings 700,000 Total Stockholder's Equity $2,200,000a. Indicate the change,… read more
Manal Elkhoshkhany
Manal Elkhoshkhany
Bachelor's Degree
497 satisfied customers
I see the problem is confidential. Is it possible for others
I see the problem is confidential. Is it possible for others to see it? I would love to take a look.… read more
Manal Elkhoshkhany
Manal Elkhoshkhany
Bachelor's Degree
497 satisfied customers
In 650 words, define and discuss what you think we mean by
In 650 words, define and discuss what you think we mean by “risk and protective factors.” How do they work, and how do they interact? Discuss the distinction between risk for developmental outcomes an… read more
F. Naz
F. Naz
B.Com
CA Finalist & Completed B.com
323 satisfied customers
Stan purchases machinery costing $100,000 for use in his
Stan purchases machinery costing $100,000 for use in his business in 2017. The machinery is 7-year MACRS property and has an ADS life of 12 years. Prepare a depreciation schedule using the regular MAC… read more
Manal Elkhoshkhany
Manal Elkhoshkhany
Bachelor's Degree
497 satisfied customers
For microeconomics, can you verify what will happen in the
For microeconomics, can you verify what will happen in the firm and market if there is a decrease in costs for the firm due to a new reserve of a key resource being discovered? … read more
Steve
Steve
Master\u0027s Degree
954 satisfied customers
Several Presidential and Congressional task forces have
Several Presidential and Congressional task forces have recommended the abolition of the alternative minimum tax (AMT). Among the reasons often given has been the fact that more and more middle income… read more
F. Naz
F. Naz
B.Com
CA Finalist & Completed B.com
323 satisfied customers
You are to submit the tax return which is generated by
You are to submit the tax return which is generated by Appendix A, Phases One and Two. Phase Two builds on Phase One. Pay close attention, because some of the new information in Phase Two may change t… read more
Manal Elkhoshkhany
Manal Elkhoshkhany
Bachelor's Degree
497 satisfied customers
I NEED THE SOLUTION FOR THAT EXERCISE I DON'T KNOW HOW TO
HI I NEED THE SOLUTION FOR THAT EXERCISE I DON'T KNOW HOW TO GET THE SOLUTION … read more
F. Naz
F. Naz
B.Com
CA Finalist & Completed B.com
323 satisfied customers
You try to evaluate an investment idea of purchasing a
You try to evaluate an investment idea of purchasing a rental property in Central Valley California. You are looking at a house with a listing price of 300,000. You plan to put 20% down payment and bo… read more
Manal Elkhoshkhany
Manal Elkhoshkhany
Bachelor's Degree
497 satisfied customers
The Rite-Way Plumbing Co. began business March 1, 2011 in
The Rite-Way Plumbing Co. began business March 1, 2011 in Sarasota. Its business address is 124 Division Lane, Sarasota, FL 33645. Its employer identification number is ***** Its principal business ac… read more
Manal Elkhoshkhany
Manal Elkhoshkhany
Bachelor's Degree
497 satisfied customers
The Rite-Way Plumbing Co. began business... The Rite-Way
The Rite-Way Plumbing Co. began business... The Rite-Way Plumbing Co. began business March 1, 2011 in Sarasota. Its business address is 124 Division Lane, Sarasota, FL 33645. Its employer identificati… read more
Manal Elkhoshkhany
Manal Elkhoshkhany
Bachelor's Degree
497 satisfied customers
Lesson 14 (78) Claude is a CPA and a partner with SKH and
Lesson 14 (78) Claude is a CPA and a partner with SKH and Associates, a regional public accounting firm. In September 2015, Brokaw Technologies approached one of his clients, Walter Fenner, about acqu… read more
Manal Elkhoshkhany
Manal Elkhoshkhany
Bachelor's Degree
497 satisfied customers
Lesson 14 (73) During the current year, the Harlow
Lesson 14 (73)During the current year, the Harlow Corporation, which specializes in commercial construction, has the following property transactions:a. In April, a tornado damages a crane and a dump t… read more
Manal Elkhoshkhany
Manal Elkhoshkhany
Bachelor's Degree
497 satisfied customers
Lesson 5 (90) Leyh's Outdoor Adventures, Inc., would like to
Lesson 5 (90)Leyh's Outdoor Adventures, Inc., would like to begin providing life insurance coverage for its employees. Three employees are officers; each earns $100,000 per year. The other three emplo… read more
Manal Elkhoshkhany
Manal Elkhoshkhany
Bachelor's Degree
497 satisfied customers
Disclaimer: Information in questions, answers, and other posts on this site ("Posts") comes from individual users, not JustAnswer; JustAnswer is not responsible for Posts. Posts are for general information, are not intended to substitute for informed professional advice (medical, legal, veterinary, financial, etc.), or to establish a professional-client relationship. The site and services are provided "as is" with no warranty or representations by JustAnswer regarding the qualifications of Experts. To see what credentials have been verified by a third-party service, please click on the "Verified" symbol in some Experts' profiles. JustAnswer is not intended or designed for EMERGENCY questions which should be directed immediately by telephone or in-person to qualified professionals.

Disclaimer: Information in questions, answers, and other posts on this site ("Posts") comes from individual users, not JustAnswer; JustAnswer is not responsible for Posts. Posts are for general information, are not intended to substitute for informed professional advice (medical, legal, veterinary, financial, etc.), or to establish a professional-client relationship. The site and services are provided "as is" with no warranty or representations by JustAnswer regarding the qualifications of Experts. To see what credentials have been verified by a third-party service, please click on the "Verified" symbol in some Experts' profiles. JustAnswer is not intended or designed for EMERGENCY questions which should be directed immediately by telephone or in-person to qualified professionals.

Show MoreShow Less

Ask Your Question

x