CRAM NOTES Flashcards

1
Q

When you have a loss or gain on equity and receive dividends - FV method

A

You either net them against or with each other

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2
Q

Goodwill method partnership

A

When a new partner’s asset contribution is greater than the ownership interest s/he is to receive, the excess assets are accounted for as goodwill attributable to the old partners.

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3
Q

Governmental Statement of Cashflows

A
  • Noncapital financing activities: borrowing money not for construction
  • Capital & related financing activities: proceeds from shit directly related to capital assets
  • Investing activities:making and collecting loans (except program loans) and acquiring and disposing of debt or equity instruments
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