An investment held to maintain a relationship is a Strategic equity Instrument Strategic Debt equity Instrument Non-strategic Debt Instrument Strategic Debt Instrument Question 38 (1 point) How much influence must the investor have over the investee for the equity method be used? No influence Controlling influence Insignificant influence Significant influence In the accounting record an investment is held by Expected return and Intent Alphabetical and Intent Value and Intent Maturity and Intent Question 40 (1 point) Intention is determined At any time in the accounting period none of the above At the date of the creation of the financial statement At purchase Under which method is gain or loss on fair value adjustment recorded as other comprehensive income? Fair Value Method Equity Method Consolidation Method Cost Method Question 42 (1 point) A Short term asset is shown on the Classified Balance Sheet as a current asset Balance Sheet as a non-current asset Classified Balance Sheet as a long term asset Balance Sheet as a current asset