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Which of the following most accurately describes the accounting for equity securities when the investor possesses significant influence over the investee? O dividends received from investee reduces the investor's book value of the investment O investor's book value of the investment increased by proportionate share of investee's net income dividends received from investee increases the investor's book value of the investment investor's book value of the investment decreased by proportionate share of investee's net income both a and b both cand d A fair value adjustment account is used for O Held to Maturity bonds O Available for Sale bonds O equity investments for which the investor lacks significant influence over the investee both bandc for a, b and c A fair value adjustment account is used in accounting for an investment in common stock. The post-adjustment, year-end balance in the fair value adjustment account is a debit. What can you infer? The investor lacks significant influence over the investee. The fair value of the stock is less than cost. The stock was purchased at above par value. The stock was purchased at below par value. A fair value adjustment account is used in accounting for an investment in common stock. The post-adjustment, year end balance in the fair value adjustment account is a debit at the end of the prior year. The post-adjustment, year-end balance in the fair value adjustment account is a credit at the end of the current year. What can you infer? O The investor must have received dividends during the current year. The fair market value of the stock increased during the current year The fair market value of the stock decreased during the current year. The investor possesses significant influence over the investee