q2

Question 2 pts A company has been using the fair-value method to account for its investment. The company now has the ability to significantly influence the investee and the equity method has been deemed appropriate. Which of the following statements is true? A.Acumulative effect change in accounting principle must occur. B-A prospective change in accounting principle must occur. C-A retrospective change in accounting principle must occur. D. The investor will not receive future dividends from the investee. Both A and Cis correct Both A and B is correct Only B is correct A, B and D is correct None of the above is true O 0.01