Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. which of the following is not automatically exempt

Which of the following is not automatically exempt from the consolidation guidance included in FASB...

50.1K

Verified Solution

Question

Accounting

Which of the following is not automatically exempt from the consolidation guidance included in FASB ASC 810 ("Consolidations")? a. Legal entities that meet the definition of "businesses" as defined by FASB ASC 805 ("Business Combinations") b. Legal entities that are not-for profit c. Legal entities that administer employee benefit plans subject to FASB ASB 712 ("Compensation - Nonretirement Postemployment Benefits") d. Legal entities that qualify as investments accounted for at fair value in accordance with the specialized guidance in FASB ASC 946 ("Financial Services - Investment Companies"

Give the right answer and why that particular answer choice is correct, thanks!

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Demand for walnut fudge ice cream at the Sweet Cream Dairy can be approximated by a...

Advance Math
Q

What is the mass of one uranium pellet O 7 grams O 70 grams O...

Biology
Q

Required a Show the credit card sales Event 1 and the subsequent collection of accounts...

Basic Math
Q

A population of values has a normal distribution with u 219.4 and ? = 27.2....

Basic Math
Q

A concrete mix is designed to withstand 3000 pounds per square inch (psi) of pressure....

Basic Math
Q

Based on a random sample of 50 a 95 confidence interval for the population proportion...

Statistics
Q

Problem 15-20 Determining sales and variable cost volume variances LO 15-2, 15-3, 15-4 Adams Publications...

Accounting
Q

problem 1 1. iovett Electron . Dovet Electronics issues a $400,000,8%, 10-year mortgage note...

Accounting
Q

Trimble graphics design receivable $ 2350 from a client bille in a previous month for...

Accounting
Q

Which of the following is incorrect for Smith Company when Smith issues 10,800 shares of...

Accounting
Q

The following is the statement of financial position (balance sheet) of Banabas and Kelvin, who...

Accounting
Q

Mastery Problem: Financial Statement Analysis Liquidity and Solvency Measures Your friend, another accountant, has bet...

Accounting