Under the fair-value option, which of the following affects the income the investor recognizes from its ownership
Question:
Under the fair-value option, which of the following affects the income the investor recognizes from its ownership of the investee?
a. The investee’s reported income adjusted for excess cost over book value amortizations.
b. Changes in the fair value of the investor’s ownership shares of the investee.
c. Intra-entity profits from upstream sales.
d. Extraordinary items reported by the investee.
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Under the fairvalue option the income the investor rec...View the full answer
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