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Analyzing and Interpreting Equity Method Investments the market value of Concord's investment is $1.2 million. a. What amount does Concord report on its balance sheet

image text in transcribed Analyzing and Interpreting Equity Method Investments the market value of Concord's investment is $1.2 million. a. What amount does Concord report on its balance sheet for its investment in Bloomingdale? $ b. What amount of income from investments does Concord report? \& c. The fair value of Bloomingdale increased during the year creating an unrealized gain for Concord. This unrealized gain in the fair value of the Bloomingdale investment (choose one): (1) Is not reflected on either its income statement or balance sheet. (2) Is reported in its current income. (3) Is reported on its balance sheet only. (4) Is reported in its accumulated other comprehensive income

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