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This excerpt taken from the CVA 10-K filed Mar 2, 2009. Equity
Method of Investments
We use the equity method to account for our investments for
which we have the ability to exercise significant influence over
the operating and financial policies of the investee.
Consolidated net income includes our proportionate share of the
net income or loss of these companies. Such amounts are
classified as “equity in net income from unconsolidated
investments” in our consolidated financial statements.
Investments in companies in which we do not have the ability to
exercise significant influence are carried at the lower of cost
or estimated realizable value. We monitor investments for other
than temporary declines in value and make reductions when
appropriate.
This excerpt taken from the CVA 10-K filed Feb 26, 2008. Equity
Method of Investments
We use the equity method to account for our investments for
which we have the ability to exercise significant influence over
the operating and financial policies of the investee.
Consolidated net income includes our proportionate share of the
net income or loss of these companies. Such amounts are
classified as “equity in net income from unconsolidated
investments” in our consolidated financial statements.
Investments in companies in which we do not have the ability to
exercise significant influence are carried at the lower of cost
or estimated realizable value. We monitor investments for other
than temporary declines in value and make reductions when
appropriate.
This excerpt taken from the CVA 10-K filed Feb 26, 2007. Equity
Method of Investments
Investments are accounted for using the equity method of
accounting if the investment gives us the ability to exercise
significant influence, but not control, over the investee.
Significant influence is generally deemed to exist if we have an
ownership interest in the voting stock of the investee of
between 20% and 50%, although other factors, such as
representation on the investee’s board of directors, are
considered in determining whether the equity method of
accounting is appropriate.
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