What GAAP principles govern the consolidation of financial statements?
How are consolidated and equity methods of accounting different?
What investments has the company made in affiliated companies? Examine its footnotes.
Comment on the accounting for investments in affiliated companies after looking at the footnotes.
List the investments it has.
Does it use cost basis or equity method of accounting, or both?
When do you use the equity method of accounting?
Sample Solution
Moreover, Hari Raya Aidilfitri is one of the most significant celebrations that Malay Culture celebrates. It is known as imprint the finish of Ramadan, a month of fasting. The celebration is falls after the finish of month-long quick (Puasa) completed which is the first day in tenth month of Syawal. They accept that it is a day for Muslim to look for the pardoning from their loved ones part. For instance, a child will request pardoning from their folks for the errors that they have done the most recent year. Other than that, they will implores at the mosque and visit the precursor’s graves. (National Library Board Singapore, 2009) Also, the second significant celebrations celebrate by Malay ethnic is Hari Raya Haji. They accept that it is a significant day for Muslims to remember Ibrahim for following Allah’s order to forfeit Ishmael (Ibrahim’s child). It is known as the Festival of Sacrifice, all Muslims watched the procedure. Allah halted Ibrahim when he was going to forfeit his child, and Allah revealed to him that it was only a test to know whether Ibrahim can follow Allah’s order to forfeit his child. Along these lines, all Muslims will forfeit creatures with four-legged during Hari Raya Haji. They as a rule execute goats, dairy animals or sheep right now. At that point, the meat will be dispersed to 3 sections which are for family, family members or companions and last will be appropriated to needy individuals. In any case, they accept that Ibrahim and his child Ishmael were guided by Allah to manufacture ‘Kaaba’ the square tone working in a spot name Mecca. Along these lines, that is the bearing that all Muslims petitions implore towards everywhere throughout the world. (Nurul Azliah Aripin, 2015) Worth and BELIEF A worth is the conviction that individuals think it is ideal. It is something that individuals trained us and we trust it and follow the convention set by precursor. Thus, these societies have been educated from one age to next the age until today. Other than that, diverse culture has their own qualities and fundamental conviction. In Malaysia, Chinese ethnic and Malay ethnic gain proficiency with their worth and conviction of possess culture. This is known as Enculturation and obviously unique culture has diverse conviction. For Malay culture, they are known as Muslim supplications. The entirety of the Muslim petitions appeal to their god â Allah. For Muslim supplications, they firmly trust Allah is the universe leaser. Allah is likewise the significance of God in the Arab language and they just trust Allah is the main God in Islam. Other than that, Muslim petitions used to go to Allah 5 times each day is on the grounds that they accept they can get a few advantages thusly. Muslim supplications can implore anyplace, yet it will be better if there is a Mosque for them. For instance, Muslim supplications will accumulate in Mosque each Friday and implore the Al-Quran. (BBC, 2014) In addition, Malay Muslim culture accepts that they couldn’t eat pork meat since it is illegal. They accept that the red shading will carry karma to them. In addition, there is additionally a conviction behind the celebration that why individuals ought to embellish their home with red shading and plan fireworks consistently. As indicated by the folklore, there was a mammoth went to the town and eat the kids and locals on the main day of Chinese New Year. The mammoth was named Nian. At that point, the residents accept that on the off chance that they set up some nourishment for Nian, at that point the monster won’t keep on eating locals. So they began a thought which they will set up certain nourishments for the monster each first day of the year. >
Moreover, Hari Raya Aidilfitri is one of the most significant celebrations that Malay Culture celebrates. It is known as imprint the finish of Ramadan, a month of fasting. The celebration is falls after the finish of month-long quick (Puasa) completed which is the first day in tenth month of Syawal. They accept that it is a day for Muslim to look for the pardoning from their loved ones part. For instance, a child will request pardoning from their folks for the errors that they have done the most recent year. Other than that, they will implores at the mosque and visit the precursor’s graves. (National Library Board Singapore, 2009) Also, the second significant celebrations celebrate by Malay ethnic is Hari Raya Haji. They accept that it is a significant day for Muslims to remember Ibrahim for following Allah’s order to forfeit Ishmael (Ibrahim’s child). It is known as the Festival of Sacrifice, all Muslims watched the procedure. Allah halted Ibrahim when he was going to forfeit his child, and Allah revealed to him that it was only a test to know whether Ibrahim can follow Allah’s order to forfeit his child. Along these lines, all Muslims will forfeit creatures with four-legged during Hari Raya Haji. They as a rule execute goats, dairy animals or sheep right now. At that point, the meat will be dispersed to 3 sections which are for family, family members or companions and last will be appropriated to needy individuals. In any case, they accept that Ibrahim and his child Ishmael were guided by Allah to manufacture ‘Kaaba’ the square tone working in a spot name Mecca. Along these lines, that is the bearing that all Muslims petitions implore towards everywhere throughout the world. (Nurul Azliah Aripin, 2015) Worth and BELIEF A worth is the conviction that individuals think it is ideal. It is something that individuals trained us and we trust it and follow the convention set by precursor. Thus, these societies have been educated from one age to next the age until today. Other than that, diverse culture has their own qualities and fundamental conviction. In Malaysia, Chinese ethnic and Malay ethnic gain proficiency with their worth and conviction of possess culture. This is known as Enculturation and obviously unique culture has diverse conviction. For Malay culture, they are known as Muslim supplications. The entirety of the Muslim petitions appeal to their god â Allah. For Muslim supplications, they firmly trust Allah is the universe leaser. Allah is likewise the significance of God in the Arab language and they just trust Allah is the main God in Islam. Other than that, Muslim petitions used to go to Allah 5 times each day is on the grounds that they accept they can get a few advantages thusly. Muslim supplications can implore anyplace, yet it will be better if there is a Mosque for them. For instance, Muslim supplications will accumulate in Mosque each Friday and implore the Al-Quran. (BBC, 2014) In addition, Malay Muslim culture accepts that they couldn’t eat pork meat since it is illegal. They accept that the red shading will carry karma to them. In addition, there is additionally a conviction behind the celebration that why individuals ought to embellish their home with red shading and plan fireworks consistently. As indicated by the folklore, there was a mammoth went to the town and eat the kids and locals on the main day of Chinese New Year. The mammoth was named Nian. At that point, the residents accept that on the off chance that they set up some nourishment for Nian, at that point the monster won’t keep on eating locals. So they began a thought which they will set up certain nourishments for the monster each first day of the year. >
