Question 16 ownership in the investee's voting stock can significantly influence the investee's decisions wa O ec Od 15 percent to 20 percent 10 percent 5 percent to 10 percent 20 percent to 50 percent Question 17 Which of the following is true of trading investments? b OC They must be adjusted and reported at fair value at the end of each accounting period They are always reported on the balance sheet at their historical cost. They are held for more than two years. They are generally recorded as long-term investments Question 18 Available for sale (AFS) investments are reported as the business expects to sell them within one year Oa Ob Od current assets equity long-term assets either current assets or long-term assets