8) The basic principles that describe and relate to trading securities include all of the following except: 2 Points 0000 never reporting above cost. valuation at fair value. classification as a current assets. intent of generating profits by reselling. None of these. 100.000 By year's end, the investment has Saved 40) Under the equity method of accounting for an investment in stock, the Investment account is debited for: 2 Points a portion of the earnings of the investee. all of the earnings of the investee. all of the dividends paid by the investee. a portion of the dividends paid by the investee. None of these. 41) Which of the following items is included in property, plant, and equipment? 2 Points None of these. Buildings and machinery which are idle. Land held for speculation. O Land held for future plant expansion. All of the above. Saved