Question
Which of the following is a false statement about the measurement alternative for an investment in equity securities that does not result in control or
Which of the following is a false statement about the measurement alternative for an investment in equity securities that does not result in control or significant influence over the investee?
Under the measurement alternative, an impairment loss is recognized for the excess of the carrying amount of the investment over its fair value.
The investment is measured at fair value through net income.
If the measurement alternative is selected, it must be applied until the investment has a readily determinable fair value.
The measurement alternative cannot be elected when the fair value of the investment is readily determinable.
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