CASE (Pharma and Phenol) - Pharma has ownership interest in Phenol - Uses equity method - Rep on BOD is no longer there, they are accounting for it in a hybrid FV method (no longer equity method) - Need to look at why they stopped using the equity method, are they allowed to do so, how they should be accounting for it going forward - 22% ownership.

Answer rating: 100% (QA)

In this case it seems that Pharma has an ownership interest in Phenol and was previously using the e... View the full answer