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Which is true for private companies

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Problem 1: Which of the following is true for private companies that have significant influence over its investee as per Part II of the Handbook?

1) Have a choice to use the cost or equity method
2) Must account for their investment using the equity method
3) Must account for their investment using the cost or FVTPL method
4) Have a choice to use the cost or equity method unless the shares are actively trading, then choice to use FVTPL or equity method

Reference no: EM132730588

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