QUESTION 7 Which of the following investments should be accounted for using the equity method? Inwestments of less than 20% of an investee's stock O All stock investments should be accounted for using the equity method. O Investments between 20% and 50% of an investee's stock O Investments of more than 50% of an investee's stock. QUESTIONS On November 15th Maxwell Corporation purchased 70 shares of Tyrone Company for $30 per share planning to hold the investment for a short time on December when the year-end financial statements, Tyrone stock is valued at $32 per share. The company will recognize O a $140 u realized gain O a $140 realized gain O a $140 unrealized loss O a $140 realized loss QUESTION 9 an intangible asset has a finite life, the term applied to the process of reclassifying the cost of the intangible asset to expense over the assets is called O depreciation O amortization O allocation depletion Submit to see and submit Click Save All Answers to save all answers