Reporting change in fair value

a$.$ Explain how a change in fair value of an equity investment with less than $20\%$ ownership is reported on the investor's income statement.

A change in fair value of an equity investment of less than $20\%$ ownership is reported on the investor's income statement

b$.$ Explain how a change in fair value of an equity investment with less than $20\%$ ownership is reported on the investor's balance sheet.

A change in fair value of an equity investment of less than $20\%$ ownership is reported on the investor's balance sheet