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How would the investor reflect the use of fair value option

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Reference no: EM133000675

Question a. When the fair value option is elected for application to an investment in which the investor has significant influence over the investee, how would the investor reflect the use of the fair value option in its balance sheet and in its income statement?

Question b. How would a change be made from the fair value method to the equity method of accounting for investments?

Reference no: EM133000675

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