Question: Read Notes 4.3. and 21. a. When AF can exercise significant influence over an investee, what accounting approach does it use to account for the

Read Notes 4.3. and 21.

a. When AF can exercise significant influence over an investee, what accounting approach does it use to account for the investment? How does AF determine if it can exercise significant influence?

b. If AF is involved in a joint venture, what accounting approach does it use to account for the investment?

c. What is the carrying value of AF’s equity-method investments in its December 31, 2019, balance sheet?

d. How did AF’s equity-method investments affect AF’s 2019 net income from continuing operations?

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