4. Which of the following statements is correct? a. Both cost and equity method can be used to report equity investments when the investments are for significant influence. b. Both cost and equity method can be used to report equity investments when the investments are for control. c. Fair value approach is often used to report equity investments when the investments are for profit. d. Acquisition method is often used to report equity investments when the investments are for control. e. a) & c) & d) f. b) & c) $ d) g. a) & b) & c) h. a) & b) & d) i. All above 5. Which of the following statements is NOT correct? a. Accounting method for equity investments reporting will change when the ownership percentage is changed from 55% to 40%. b. Equity method or fair value approach must be used when the ownership percentage is below 50%. c. Consolidation may not be needed when the immediate parent does consolidation. d. a) & b) e. a) & c) f. b) and c) g. All above h. None of above