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Which method of external reporting is proper under GAAP when one company knows the fair value of the stock it owns in another, but the

  1. Which method of external reporting is proper under GAAP when one company knows the fair value of the stock it owns in another, but the investor has neither significant influence nor control of the investee?
    1. Cost
    2. Equity
    3. Consolidation
    4. Fair value method

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