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Because of the acquisition of additional investee shares an investor will now change from the fair-value method to the equity method Which procedures are applied to accomplish this accounting change

Because of the acquisition of additional investee shares, an investor will now change from the fair-value method to the equity method. Which procedures are applied to accomplish this accounting change? Riggins Company accounts for its investment in Bostic Company using the equity method. During the past fiscal year, Bostic reported other comprehensive income from unrealized gains to its equity securities portfolio. How would this other comprehensive income affect the investor’s financial records?

Jul 22 2020 View more View Less

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