Company A has an investment in Company B, which it accounts for using the equity method. In 2016, Company A sold some of its stock in Company B, and properly begins accounting for its investment using the fair value method. Which of the following statements is correct regarding how Company A will account for this change? Company A must retroactively restate any prior year financial statements it presents, as if it had used the fair value method in those prior years. Company A has does NOT retroactively restate prior year financial statements Company has the option to either retroactively restate prior year statements, or not to. a. c. 6. Which of the following characteristics is not indicative of an enterprise qualifying as a primary beneficiary with a controlling financial interest in a variable interest entity? The power to direct the most significant economic performance activities. The power through voting or similar rights to direct activities, which significantly impact economic performance. a. b. c. The obligation to absorb potentially significant losses of the entity d. No ability to make decisions about the entity's activities. e. The right to receive potentially significant benefits of the entity nna -c.tl as Camnanv R on Ianuary 1. 2016. As of