following are key questions that must be addressed when ) All of the ccounting for investments in debt and equity securities except long does management intend to hold the fair value of the B) IS is return on equity impacted by this investme the investme nvestment readily determinable? much control does the investor DI How have this equity investment? over the investee company ever Jewelers purchased 18,000,000 of the outstanding ,/000,000 shares of Angel & Associates, Meyer has significant nce over Angel, so Meyer will account for this investment using equity method. On the purchase date, Angel had net assets with a ok value of $7,300,000 and a fair value of $7,500,000. bo erence in fair value is a result of the higher fair value of equipment The its book value. The remaining useful life of this equipment is 25 than Assuming this investment was purchased on 1/1, which of the g is the correct journal entry to record the difference in net followin assets for this investment on 12/31? nvestment in Angel Associates2,400 Income from Investment 8,00 Accumulated Depreciation nvestment Assets Investment in Angel & 8,00 Associates ncome from Investment Investment in Angel & Associates 3) Dagle Exporters purchased 120,000 of the 300,000 outstanding shares of Giant Distributors for $5,000,000. Eagle has significant influence over Giant and will account for this investment using the equity method. During the year, Giant declared dividends of $100,000 and reported Net Income of $840,000. What is the balance in the Investment in Giant account at year end