答案和详解如下： 1.Par-Mac Corporation is a joint venture equally controlled by Parker Company and Macintosh Company. Which method should Macintosh use to account for its ownership interest in Par-Mac according to U.S. Generally Accepted Accounting Principles (U.S. GAAP), and which method recommended for Parker under International Financial Reporting Standards (IFRS)?
A) Equity method Proportionate consolidation method B) Equity method Consolidation method C) Consolidation method Proportionate consolidation method D) Consolidation method Consolidation method The correct answer was A) When a firm that reports under U.S. GAAP has joint control over another entity, the equity method of accounting is required. Under IFRS, the proportionate consolidation method is the recommended method; however, the equity method is also permitted.
2.During 2007, Big 4 Company’s warehouse was totally destroyed by a tornado. Tornados are very rare in the region where Big 4 is located. The book value of the warehouse at the time of the tornado was | 
发表于 2008-5-15 11:30
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