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Fill in the Blanks
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1

Financial statements that show the results of all operations under the parent's control, including those of any subsidiaries, are called financial statements.
2

An accounting method used for long-term investments when the investor has significant influence over the investee is called the method.
3

The price of one currency stated in terms of another currency is called the rate.
4

Investments in shares and bonds that are not marketable or, if marketable, are not intended to be converted into cash in the short-term are called - investments.
5

A company that operates in a large number of different countries is referred to as a business.
6

If ABC Corporation owns a controlling interest (more than 50% of the voting shares) in XYZ Corporation, ABC Corporation is a company to the XYZ Corporation.
7

If Leland Corporation is controlled by the Janet Corporation because the Janet Corporation owns more than 50% of the voting shares of the Leland Corporation, the Leland Corporation is a of the Janet Corporation.
8

The portion of a subsidiary company's shareholders' equity that is not owned by the parent corporation is called .
9

An accounting method used for long-term investments when the investor does not have significant influence over the investee is called the method.
10

Debt and shares of one corporation purchased by another corporation are called investments.
11

A investment is an amount owed and arises when one company lends money to another.
12

investment is when one company purchases shares in another company.
13

When the investor has influence over the investee even though the investor owns less than 50% of the investee’s voting shares, the investor is said to have over the investee.







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