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Briefly, 2 sentence responses are required for each of the following questions. 1. How does one account for an investor's share of an associate's losses
Briefly, 2 sentence responses are required for each of the following questions.
1. How does one account for an investor's share of an associate's losses that exceeds the carrying amount of the investment?
2. When can an investment in an associate classified as "held for sale" on the balance sheet?
3. If an investor's ownership interest in a significant influence investment increases or decreases, how are changes from accounting at fair value to the use of the Equity Method (or vice-versa) to be handled? Retroactively or prospectively and why?
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