Investments Accounted for Using the Equity Method Are Initially Recorded

question 56

Multiple Choice

Investments accounted for using the equity method are initially recorded at:

• A) cost
• B) the total of the investee's equity accounts multiplied by the percentage of ownership acquired
• C) the lower of the cost or fair market value as of the balance sheet date
• D) fair market value of the investee company multiplied by the percentage of ownership acquired

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