[Verse 1] When you own some shares but not quite all Twenty to fifty percent you hold You've got significant influence to call Equity method's the story told Record at cost when you first invest Then adjust for profits they make Your share of earnings put to the test Dividends reduce what's at stake [Chorus] Investment methods tell the tale Equity, acquisition, joint venture trail Twenty to fifty use equity way Over fifty acquisition's the play Fair value, goodwill, consolidate all Different methods change the call On your ratios standing tall [Verse 2] When you buy control over fifty percent Acquisition method takes the stage Purchase price gets fairly spent Allocating assets page by page Fair value everything you can see Goodwill is what's left to pay Non-controlling interest runs free Consolidation's here to stay [Chorus] Investment methods tell the tale Equity, acquisition, joint venture trail Twenty to fifty use equity way Over fifty acquisition's the play Fair value, goodwill, consolidate all Different methods change the call On your ratios standing tall [Bridge] Joint ventures split the power Fifty-fifty sharing hour VIEs are special entities Who controls the activities If you bear the risks and gains Consolidation still remains [Verse 3] Check for impairment every year If carrying value's too high Write it down when loss is clear Cannot reverse so don't you cry Financial ratios change their face Different methods shift the view ROA and leverage find their place Depending on the method you choose [Chorus] Investment methods tell the tale Equity, acquisition, joint venture trail Twenty to fifty use equity way Over fifty acquisition's the play Fair value, goodwill, consolidate all Different methods change the call On your ratios standing tall [Outro] From twenty percent to full control Each method plays its vital role Intercorporate investments flow Now you know which way to go
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