On January 5, 2015, Erin Ridge Corp purchased 28,000 shares of Forest Lawn Inc. common shares for $M6,000 plus a broker's fee of $1.000. Forest Lawn Inc. tas 50,000 common shares outstanding and has acknowledged the fact that its policies will be significantly influenced by Erin Rilee. The investment should be accounted for as a non equity investment using the fair value method The one True False On January 5, 2015, Erin Ridge Corp purchased 28,000 shares of Forest Lawn Inc. common shares for $M6,000 plus a broker's fee of $1.000. Forest Lawn Inc. tas 50,000 common shares outstanding and has acknowledged the fact that its policies will be significantly influenced by Erin Rilee. The investment should be accounted for as a non equity investment using the fair value method The one True False