Completion Status: QUESTION 23 Investments in equity securities are classified into three specific types based on the investor's level of influence over the investee company. True False QUESTION 24 Which of the following best describes horizontal analysis? comparing a company's financial statements with other companies calculating key ratios to evaluate performance comparing financial statement line items from year to year for the same company expressing each financial statement amount as a percentage of a budgeted amount QUESTION 25 If the Fair Value Adjustment-Trading account for trading debt investments has a debit balance, it is, reported in the other income and expenses section of the income statement considered to be a contra account added to the Trading Debt Investment account to determine carrying value subtracted from the Trading Debt Investment account to determine carrying value Click Save and Submit to save and submit. Click Save All Answers to save all answers. 15