Term
| Available-for-sale securities |
|
Definition
| Securities that are held with the intent of selling them sometime in the future. (p. 579) |
|
|
Term
| Consolidated financial statement |
|
Definition
| Financial statements that present the assets and liabilities controlled by the parent company and the total revenues and expenses of the subsidiary companies. (p. 576) |
|
|
Term
|
Definition
| Ownership of more than 50% of the common stock of another entity. (p. 576) |
|
|
Term
|
Definition
| An accounting method in which the investment in common stock is recorded at cost, and revenue is recognized only when cash dividends are received. (p. 574) |
|
|
Term
|
Definition
| Investments in government and corporation bonds. (p. 572) |
|
|
Term
|
Definition
| An accounting method in which the investment in common stock is initially recorded at cost,and the investment account in then adjusted annually to show the investor's equity in the investee. (p. 575) |
|
|
Term
|
Definition
| Amounts for which a security could be sold in a normal market. (p. 578) |
|
|
Term
| Held-to-maturity securities |
|
Definition
| Debt securities that the investor has the intent and ability to hold their maturity date. (p. 579) |
|
|
Term
|
Definition
| A group of stocks and/or debt securities in different corporations held for investment purposes. (p. 573) |
|
|
Term
|
Definition
| Investments that are not readily marketable or that management does not intend to convert into cash within the next year or operating cycle,whichever is longer. (p. 582) |
|
|
Term
|
Definition
| A company that owns more than 50% of the common stock of another entity. (p. 576) |
|
|
Term
|
Definition
| Investments that are readily marketable and intended to be converted into cash within the next year or operating cycle, whichever is longer. (p. 582) |
|
|
Term
|
Definition
| Investments in the capital stock of other corporations. (p. 573) |
|
|
Term
| Subsidiary (affiliated) company |
|
Definition
| A company in which more than 50% of its stock is owned by another company. (p. 576) |
|
|
Term
|
Definition
| Securities bought and held primarily for sale in the near term to generate income on short-term price differences. (p. 579) |
|
|
Term
| Intercompany eliminations |
|
Definition
| Eliminations made to exclude the effects of intercompany transactions in preparing consolidated statements. (p. 589) |
|
|
Term
| Intercompany transactions |
|
Definition
| Transactions between affiliated companies. (p. 589) |
|
|
