On January 1, 2011 Jordan Inc. acquired 30% of Neko court Jordan use the equity method to account for the investment on January 1, 2012 Jordan sold 2/3 of its investment in Neko it no longer have the ability to exercise significant influence over the operations of Neko how should Jordan have accounted for this change?

a. Jordan should continue to use the equity method to maintain consistency and its financial statements

b. Jordan ship restate the prior years financial statements and change the balance in the investment account as if the fair value method had been used in 2011 c. Jordan should report the effect of the change from the equity to the fair value method as a retrospective change in the accounting principle

d.Jordan should use the fair value method for 2012 in future years but should not make