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Please share your general knowledge of the Equity Method of Accounting and determine the fundamental reasons why Financial Accounting Standards Board (FASB) requires a company
Please share your general knowledge of the Equity Method of Accounting and determine the fundamental reasons why Financial Accounting Standards Board (FASB) requires a company to use the equity method of accounting for investments.
Analyze the potential impact of eliminating the retrospective application of the equity method to increases in previously held ownership interests that result in significant influence and control, which qualify for using the equity method.
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