5 Header Q4. (25 marks) 1 Imagine you are investing in a company having more than 30% of investment and you feel the need to update the accounting books, what accounting approach would you use? Your investment is $1 million and the accounting year ends on December 31* 2019, the fair value of the investment goes up to $1.3 million on that date. How would you record in your books? 6 Header