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Which of the following should be eliminated when using the equity method to account for associates in a parent's financial statements?
Select ALL that apply.
Suggested Answer: A, B
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8 comments · newest first
LU
Luisa
12 months ago
I agree with unrealised profits, but dividends? Not so sure about that.
BE
Ben
1 year ago
Intra-group balances definitely need to go!
CA
Carmen
1 year ago
Wait, are we really eliminating goodwill payments too? That seems odd.
NU
Nu
1 year ago
I think dividends from associates should stay in the accounts.
CA
Carey
1 year ago
Definitely unrealised profits should be eliminated!
FE
Felice
1 year ago
Okay, let's think this through step-by-step. The question is asking about the backup path, so I'll need to focus on how LFA calculates that and what it means for the label stack.
EL
Elizabeth
1 year ago
I'm a bit uncertain, but I feel like tasking on configuring direct connections for LDP peers could be involved too.
YV
Yvette
1 year ago
I'm pretty confident I know the answer to this one. The INTERSECTION operation in Option B is the most widely supported way to get the intersection of two tables across different SQL dialects. The other options are either not valid SQL or don't cover the full intersection.