Question: Hi I need help with the attached problem. I need to understand the balance sheet and income statement re ABC 's December 31, 2018 balance

Hi I need help with the attached problem. I need to understand the balance sheet and income statement re ABC 's December 31, 2018 balance sheet and 2018 and income statement under each of the following circumstances:

a.ABC's investment consists of 100,000 shares costing $15 per share and ABC uses the Fair Value method to account for it. The shares have a market

value of $12 pershare on December 31, 2018.

b. ABC's investment consists of 400,000 shares costing $15per share and ABC accounts for itusing the equity method.

Thank you!

Hi I need help with the attached problem. I need

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