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0') W Conner and Martin have heard that as long as they do not hold more than 20% of the shares of one of these
0') W Conner and Martin have heard that as long as they do not hold more than 20% of the shares of one of these suppliers, they are able to recognize the unrealized gains on these equity investments in income. Prepare a memorandum to Conner and Martin with references to the authoritative literature on the accounting for equity investments of less than 20% ownership. Discuss other factors beyond the percentage of shares owned that should be considered in determining the accounting for investments if they hold at least 20% but less than or equal to 50% of the stock of another company
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