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The main pronouncement on equity-method reporting, APB 19 (ASC 323 and 325) requires all of the following except: (Points : 1) The investor's share of
The main pronouncement on equity-method reporting, APB 19 (ASC 323 and 325) requires all of the following except: (Points : 1) The investor's share of the investee's extraordinary items should be reported. The investor's share of the investee's prior-period adjustments should be reported. Continued use of the equity-method even if continued losses results in a zero or negative balance in the investment account. Preferred dividends of the investee should be deducted from net income before the investor computes its share of investee earnings.
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