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Which of one of the following statements concerning investments is correct : a Select one : a The balance of the investment account is reported
Which of one of the following statements concerning investments is correct : a Select one : a The balance of the investment account is reported at purchase cost less than any impairment losses when FVTPL used B The purchase of 1,000 shares of a public company to earn investment income should be recorded as a strategic investment C Dividends received from an investment in an associate treated as investment income when the equity method is used D The balance of the investment account is adjusted to fair value at the end of each year when the equity method is used E Our degree of influence over another company is key to deciding whether an investment is strategic
a The balance of the investment account is reported at purchase cost less than any impairment losses when FVTPL used
B The purchase of 1,000 shares of a public company to earn investment income should be recorded as a strategic investment
C Dividends received from an investment in an associate treated as investment income when the equity method is used
D The balance of the investment account is adjusted to fair value at the end of each year when the equity method is used
E Our degree of influence over another company is key to deciding whether an investment is strategic
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