1) Accounting for equity with signicant inuence (20% to 50% ownership) under ASPE requires to use:

Select one:

a. Historical cost method only

b. Equity or historical cost method

c. None of the available choices

d. Equity method only

2) Long-term debt investments are accounted for using the:

Select one:

a. Fair Value through Net Income Method

b. Straight-line Method

c. None of the available choices

d. Amortized Cost Method