Acronyms

Question 1

CPA RAT (cpa no rat)

Answer 1

Stockholders equity

Common stock
Preferred stock
Additional paid in capital

Retained Earnings
Accum other comprehensive inc/loss
Treasury stock

No controlling interest

Question 2

C.U.P

Answer 2

Used for Other comprehensive Income
C- currency(foreign currency translation between parent company and subsidiary for consolidated F/S) & unrealized gain/loss on derivative cash flow hedges
U- unrealized gain/losses in AFS debt securities
P- pension cost adjustments

Question 3

L.I.P

Answer 3

For Cash Flow in Investment activities

L- Long Term Assets
I- investing in yourself & others
P- PP &E

Question 4

EAGLIN
When is this used ?

Answer 4

adjustment entries to be made in the consolidated balance sheet
E- equity ; common stock, APIC, R.E
A-Assets ; FV>BV net of Depreciation
G- goodwill
L-liability FV>BV
I- investment in Sub
N- non controlling interest