Under the rules for minority passive investments in equity securities, which of the following statements is not correct? Multiple Choice The income statement and balance sheet will be the same as if the equity method had been applied. An exception will be for investments where fair value is not readily determinable. o There will be no distinction between trading securities and available-for-sale securities for minority passive equity investments. Cash flows from the purchase and sale of equity securities will be classified based on the nature and purpose of the investment