ADVANCED ACCOUNT LL/W CONNECT +PROCTORIO
ADVANCED ACCOUNT LL/W CONNECT +PROCTORIO
14th Edition
ISBN: 9781266173943
Author: Hoyle
Publisher: MCG
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Chapter 1, Problem 4P

Under fair-value accounting for an equity investment, which of the following affects the income the investor recognizes from its ownership of the investee?

  a.    The investee’s reported income adjusted for excess cost over book value amortizations.

  b.    Changes in the fair value of the investor’s ownership shares of the investee.

  c.    Intra-entity profits from upstream sales.

  d.    Other comprehensive income reported by the investee.

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