Question: A company has been using the equity method to account for its investment. The company sells shares and does not continue to have significant

A company has been using the equity method to account for its investment. The company sells shares and does not continue to have significant

A company has been using the equity method to account for its investment. The company sells shares and does not continue to have significant influence. Which of the following statements is true? Multiple Choice A cumulative effect change in accounting principle must occur. A prospective change in accounting principle must occur.

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