47. The Fair Value Option (FVO) may be applied to the following investments: a. Classified as hold-to-maturity (HTM) b. Classified as available for sale (AFS) c. Accounted for under the equity method d. All of the above 48. Once the market value option (FVO) is adopted, the decision: a. it is irreversible b. It is irreversible for heritage values only c. Is irreversible for debt securities anly d. It is NOT irreversible, regardless of the type of investment, 49. State which of the following three statements is (are) true: ONE: Investments that are accounted for using the equity method cannot have the market value option (FVO) applied to them. TWO: Investments accounted for using the equity method are not subject to impairment analysis. THREE: An investment that is being accounted for under the equity method will have to be accounted for at market value if the investor loses the ability to exercise significant influence. a. Qne, two and three b. gnly THREE c. Two and three d. none of the three