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The market price of the common stock of an investee company increased during the year. How will the investors investment account be affected by the
The market price of the common stock of an investee company increased during the year. How will the investors investment account be affected by the increase in market price of that common stock under each of the following accounting methods? Assume the fair value option is not elected. Cost adjusted for fair value method Equity method A. No effect No effect B. No effect Increase C. Increase No effect D. Increase Increase Question 6 options: 1) A. 2) B. 3) C. 4) D.
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