If deferred revenue has been earned by the end of the current period but no adjustment is recorded, net income for the current period will be understated

Head of ____ is one of key presidential appointments

Fill in the blank(s) with the appropriate word(s).

A corporation that acquires an interest in the common stock of another corporation (investee) for investment purposes. The percentage of the investee voting stock that is held by the investor, which determines the amount of influence the investor has over the investee, generally determines the accounting treatment for the investment.

(a) investor (b) highly effective (c) significant influence (d) fair value method