Equity securities, in which the investor lacks the ability to participate in the decisions of the investee company, are initially accounted for at the lower-of-cost-or-market value. O True O False The fair value of an investment is the price that . is always equal to the weighted average cost of the investment O B. would be received if the company were to sell the investment on the market O C. is not relevant for trading debt investments O D. existed at the time of acquisition Amazon Services, Inc. invests its excess cashin Nile Technologies Inc. and acquires 5,000 shares for $60.00 per share. Amazon Services, Inc owns less than 2% of Nile's voting stock and plans to hold the stock for two years. While preparing the joumal entry to record this transaction, A. Long-term Investments is credited for $300,000 B. An equity account is debited for $300,000 C. Equity Investments is debited for S300,000 D. Common Stock is debited for S300,000 O