Investments in equity securities where the investor does not have significant influence are carried at fair value on the balance sheet. Which of the following are false?

Multiple Choice

Readily determinable market value of the investment is required.

Common stock investments with less than $20\%$ ownership are carried at fair value on the books of the investor, unless significant influence exists.

Investments in common stock are never valued at fair market value if the percentage of ownership is over $50\%.$