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FASB 115 Accounting question. Level of ownership?


I can't figure out the right answer for this question.

FASB Statement No. 115 generally applies when the level of ownership of another company is at what percentage?

a.Less than 20%
b.20%-30%
c.30%-50%
d.More than 50%

538 day(s) ago

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crussmba 		FASB Statement No. 115 generally applies when the level of ownership of another company is at what percentage?
a. Less than 20%

FASB 115.4. states, "This Statement does not apply to investments in equity securities accounted for under the equity method nor to investments in consolidated subsidiaries."

Equity method generally refers to investments in investees between 20% and 50%
Subsids are generally investees of More than 50%

Posted 538 days ago

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