How the investments should be reported by tiger corporation

Assignment Help Accounting Basics

Reference no: EM133371139

Questions - asap please and thank you.

1. Impairment tests are required for all investments except those designated FVTPL . Provide 3 indicators of Credit Impairment on Bonds

2. Tiger Corporation owns 45% of Rabbit Ltd.

Tiger Corporation also owns 15% of Beaver Ltd.

Explain, if the ownerships of Tiger Corporation in Rabbit Ltd and Beaver Ltd are sufficient to conclude on how the investments should be reported by Tiger Corporation.

Reference no: EM133371139

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