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Hawkins Company has owned 10 percent of Larker, Inc., for the past several years. This ownership did not allow Hawkins to have significant influence over

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Hawkins Company has owned 10 percent of Larker, Inc., for the past several years. This ownership did not allow Hawkins to have significant influence over Larker Recently, Hawkins acquired an additional 30 percent of Larker and now will use the equity method. How will the investor report change? Multiple Choice Acumulative effect of an accounting change is shown in the current income statement Hawkins will report the change as a component of accumulated other comprehensive income A retrospective adjustment is made to rest all prior years presented using the equity method No change is recorded the equity method is used from the date of the new acquisition

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