What method of accounting is used when a company purchases less than 20% of the shares of another company? a- Only fair value method b- Only equity method - The equity method or the fair value method can be used depending on the relationship between companies d. Neither method can be used What accounting method should be used if FASB 94 prohibits the consolidation of a subsidiary in which own 70% of the shares? a- Cost method b- Equity C- Liquidation value d. Market value