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Nor.com Market 1.00 An investor company acquired 2on of an investee company's voting common stock the investos common stock hardly determinable for what the interesante

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Nor.com Market 1.00 An investor company acquired 2on of an investee company's voting common stock the investos common stock hardly determinable for what the interesante san board of directors, participates in the investee's policy making process and has material business action with the meet. Which of the following alternator ber desents the accounting for its interest in the investee? Select one: a. Because the investee's stock has a readily determinable fair value the investor must se fair value method to account for its interest in the second b. The investor should recognize as income the dividends it receives from the rest c. The investor must use the cost-based approach to account for its interest in the investee's common stock d. The investor should recognize as income a proportionate share of the net income recognized by the investee

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